-- 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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“Linda Jennings, a homeowner in South Shore, spoke to the fear of falling behind on mortgage payments.”
Even if the neighborhood does see an increase in home values due to gentrification (which is no guarantee), how would that impact her ability to pay her mortgage? Renters might be priced out but not condo or homeowners.
No one has explained WHY Obama “Library” (actually progressive-cause education and conference center which won’t house Obama’s books, papers, or White House personal docs) would cause “gentrification”. Staffers will likely seek Hyde Park housing, because of its established amenities, retail and restaurants, and double-layer of police-protection provided by campus police. Valerie Jarrett’s ilk won’t live on south-side, period. Yes, South Shore neighborhood has pocket of nice single-family housing-stock, but area generally doesn’t meet Hyde Parker-expectations, and prevalent street-crime big negative factor for gentrification characterization. Housing-prices across Chicago are stagnant, white-collar folks are leaving Chicago faster than new resident arrivals. South… Read more »
Good luck with this. This is a good example of the “Audacity of Hope”. All Obama gave was hope — and nothing else. Did he do anything for any of you when he was in the White House? How about eight years of his Education Secretary, HUD Secretary or crime stoppers? He didn’t care then and he certainly doesn’t care now. Enjoy the hope– because that’s all you are going to get.
Hmm, they want a law to protect them from the guy they elected twice?
Toxic Narcissist Obama – the fake “community organizer” — has no problem taking a greasy shit on this community
“There’s 10,800 old folk like me walking down 67th Street, walking in the park — and we wnat to stay in the hood!” Jennings said, to cheers…” Yeah, and I bet all you old folk vote a straight Republican ticket – *right*…??? Lol…