-- 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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No uncertainty, millions of available jobs, good paying jobs, get off your lazy fat asses and go to work, uncertainty my ass sick of your sob stories boo hoo grow up and make a contribution to society become somebody and make a difference.
Free rent, jeez how come I still have to pay my mortgage to a mega bank and utilities to a local monopoly? I guess landlords were the easiest target to shaft, the politicians wouldn’t want to be hurting BOA or ComEd billing cash flow. No free Internet either after they tell everyone to work from home.
“These tenants are communists”
No, They are just plain bums. The Communists now control all the levers of power (federal, state and local) and are allowing them to stay there.
As they say, never own rental properties in a socialist $hethole.
Lazy Americans. Get off your butt, put down the PlayStation and get a job. Stealing from landlord is stealing…there are 10million open jobs and 8 million unemployed. Not feeling sorry for you having to sleep in a park.
These tenants are communists. They believe housing is a human right and the landlord is stealing from the tenant by charging rent, as being a rentier is function of capitalism.