-- 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.
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Here’s a thought Orville; let’s work on marriage and fatherhood in the community for 2 generations. Then see if the community is better housed. Get back with us in 60 years.
Ask any appraiser and this is fake news. Appraisers take a few pictures, plug the home’s characteristics into some computer software, and the program spits out a value. There’s no racism in the appraiser industry. Homes in minority areas are often, but not always, valued less than white areas because…people pay less money to live there. And they pay less money because….the prospective buyers have lower incomes. Additionally, higher home appreciation is NOT a good thing. A home is a place to live. It’s not a magical ATM that spits out cash every couple of years through a home equity… Read more »
Let me tell you something Mr.Divounguy, the black community has ZERO desire for your advocacy of gentrification…ZERO.
Would it be fair to place more white people in public housing or section 8 ?