-- Connecting the dots between our economy, government and business --
The Department of Housing and Urban Development is proposing a rule that would require towns that receive federal money to create “equity plans” for fair housing and take action to end racially unbalanced neighborhoods. In other words, the Biden bureaucracy wants to socially engineer suburban neighborhoods to its racial and ethnic liking. Community development block grants, known as CDBGs, are widely distributed across the country, including big cities like Chicago, Philadelphia and Los Angeles
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