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A growing rivalry between progressive city halls in New York and Chicago over rhetoric, personnel choices, and policy direction framed a wide-ranging discussion on Chicago’s Morning Answer, as host Dan Proft spoke with Mark Glennon, founder of Wirepoints.
Summary and audio linked here. Interview starts at the 6:55 mark.
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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See John Stossel’s article on collectivism. Communes always fail. (Maybe because some people disappear when there’s work to be done.) Collectivism always fails.
So Mamdani and Cea Weaver want to eliminate the small landlords and seize their property at rock bottom prices. Will the NYC Housing Authority do a better job of providing affordable housing? “Mamdani’s supporters envision that financial distress will allow the city to assume ownership of apartments and make them available to those in need. However, the city already owns 180,000 units of public housing through the NYC Housing Authority, which faces tens of billions in overdue maintenance needs. Adding hundreds of thousands of apartments to that fast-decaying inventory would deepen the housing crisis.” Taken from article NYC housing must… Read more »
Erosion of property rights in NYC has been happening for a long time. The Housing Stability and Tenant Protection Act of 2019 and the Good Cause Eviction Law in 2024 make it impossible for small landlords to operate. Operating costs exceed revenue. Not enough revenue to make improvements or to even keep operating. Units stay vacant because renting it out would cost more money than leaving it vacant. Free legal aid and lots of assistance for tenants. There’s no help for small landlords with uncooperative, nonpaying tenants. Housing courts are backed up and one landlord that was interviewed had a… Read more »
Weaponizing the rule of law, to be sure. One wonders whether the consequences were intended by those who promoted or enacted these laws. Scholars won’t spend their time researching the origins because few would publish the findings. the issue should be referred to the Department of Bad Ideas and Consequences and its Blame Commission for review.
P.S. see Finley op ed in today’s WSJ!
A “democracy” overseen by the left will undo 250 years of social and economic progress. It may be premature to call it “success.” The aspirations of 1883, ostensibly charting our future, now return to undermine that progress: “Give me your tired, your poor, Your huddled masses yearning to breathe free, The wretched refuse of your teeming shore. Send these, the homeless, tempest-tost to me, I lift my lamp beside the golden door!” And my outlook transcends immigration issues. If every voter decides among candidates based on his/her short-term self-interest, the handwriting on the base of Liberty describes our destiny: Take… Read more »
Spot on Cass. Tytler stated it best; “Democracy can not exist as a permanent form of government.”
Once the electorate realizes they can vote themselves benefits from the public treasury the end is imminent.
Thanks for the intro to AFT: Alexander Fraser Tytler – Wikiquote
Your welcome Cass and I enjoy reading your WP posts.
Socialism is stealing from hard working citizens and supporting foreign invaders and the welfare culture. Americans needs to stop voting for the socialists and stand up for their rights. The far left Democrats are a threat to American culture.