-- 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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Zero mention by city housing commissioner that maybe, just maybe the astronomical prop taxes to pay for all are city worker/ zero layoff /heros (40% maken $100gs+) could possibly have anything to do with the lack of affordable housing? Affordable house is just a systemic racist /blm issue (code for –tax payers prepare to bend over en grab there ankles to fix).
There’s probably half a million illegal immigrants in Chicago alone including their family members. That’s hundreds of thousands of housing units in desirable areas, like Pilsen, Back of the Yards, Gage Park, Hermosa, and so on, that are not only off the market to actual american-born citizens, but are essentially “no go” areas for many african-americans due to gang conflicts, especially if an older ‘civilian’ household member has a gang-member resident, like son, step-son, god son, brother, uncle, etc, living with them. Get rid of the illegals and free up hundreds of thousands of housing units. Suddenly, AFFORDABLE HOUSING EVERYWHERE!… Read more »