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Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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This article is nonsense. The tax lien laws apply equally to black and whites and hispanics. No one, yes, no one uses this law to discriminate, and the law wasn’t passed to deprive minorities of their property. While I disagree with the tax lien laws entirely, and I agree with the Supreme Court, the real issue is the insane tax burden that causes poor people (and not just blacks or hispanics) to lose their property to crazy high real estate taxes. A small real estate tax bill is easier to pay than a high tax bill. Maybe if taxes weren’t… Read more »