-- 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
Don’t think Woodlawn will ever compare to existing Northside housing-stock in regards to potential attractiveness for future yuppie-homeowners. Woodlawn’s existing housing stock and blocks of vacant lots have zero appeal to those feared “gentrifiers”. Are these Woodlawn activists fearful of POC CPS teachers and city employees purchasing homes there? Obama doesn’t even live in his own mansion in “gentrified” Kenwood. (Does that property still have homeowners tax-exemption status?) Nope, he lives in his mansion in ultra-wealthy neighborhood in DC, has his estate in Martha’s Vineyard – no mixing with the riff-raff yuppie-types. Obama Center itself serves as no magnet for… Read more »
They should take their concerns directly to Savior Barry himself. He can be found on a $14 million estate in Martha’s Vineyard.
Protesting gentrification is like protesting lower crime, more amenities, more grocery stores, less riff-raff, better schools and safer streets. And ultimately, safer neighborhoods attract more diversity (of skin color and identity, not of thought or ideas!) Anti-gentrification literally makes no sense. Unless you think about it from the angle of race (as our Democrat counter-parts always do). They don’t want white, brown or yellow people moving in ‘their’ neighborhood. Just like in the 1950’s, the whites didn’t want blacks moving into Woodlawn, in 2021, blacks don’t want any other colors moving back in. They say rents will increase (they have… Read more »
Oh No! Everybody campaigned for this monument to an empty poser! Now come the unintended consequences. Deal with it!