-- 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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The smart landlords got out and sold up before this political boondoggle took real effect. The less smart bank on the federal money (which is actually my money – the taxpayer) to bail them out. When is my bailout coming? Remember this folks; Illinois received $17.9 billion in federal (taxpayer) bail out money. Do you believe that humble folks like us would see some benefit, like Freddie reversing all or some of his tax increases since he took office? How about reducing the Illinois License Plate stickers Freddie back to what they were? Out in 2022. Please run Mr Ricketts… Read more »
The tsunami must be hanging out with the church super spreaders <— they don't exist either.
Wow! I believe Evans because he’s so honest and thoughtful. There’s probably been a deluge of evictions but Porky wants that info suppressed. I understand his reasoning behind the moratorium because of his bad decisions. Hide it!
The federal aid money to landlords is flowing. The landlords take what they can get and then move on. That’s why there are so few evictions.