-- 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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Let’s take people who have been evicted and house them in Hyatt Hotels. It’s only temporary so the state won’t pay Hyatt anything
Precisely. And notice what the state’s defense is to the Contract Clause claim. That’s what we will write about shortly.
Why should landlords be unfairly targeted to basically provide financial benefits to the public? Sounds to me like a new landlord’s tax being directly distributed to the deadbeat class of Illinois.
It’s part of the Commie creep happening in the state… city on faster track….eliminate private property ownership via side-step rules making it impossible to financially maintain. Other social effects as you describe…
So Governor Pritzker wants President Trump to make Illinois “whole.”
But Governor Pritzker does not want to make the landlords “whole.”
Hypocrite.
http://www.pritzkersucks.org
The proper term is “Fat Hypocrite” because the only thing that’s going to be fat after he is through is the Pritzker family bank accounts. Of course, his associates will do just as well.
P.S. J. Beluga also appears to be getting fatter. Could it possibly be due to his removal of the toilets?
P.P.S. My God, he is looking more and more like “Porky Pig” every day!