-- Connecting the dots between our economy, government and business --
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Ironically, gentrification is precisely what makes neighborhoods integrated and diverse. White people moving into minority neighborhoods tends to make the neighborhood diverse and integrated and raises home values for everyone. But this is ‘bad’ integration according to the progressive mindset even though the end result is diverse and integrated neighborhoods. You know, because gentrification is just a white power structure, or something. And even though Chicago is roughly 1/3rd of each major race (white, black, hispanic) never are there discussions of integration of black and Hispanic neighborhoods, which would be crucial component of ‘pure’ integration. And what about Chinatown? Chinatown… Read more »