-- 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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“Median rents for two-bedroom apartments in Illinois increased nearly 18% between the first quarter of 2021 and the first quarter of 2022, the report said.”
—- Oh my goodness, how many illegal immigrants have moved to Sanctuary City Chicago in the past 12 months? No one knows! You don’t think millions of poor illegals flooding the country in a short period of time would increase median rents?
If the Big Apple is not for you then you can move to Cali, self identify as a homeless person and be put up in a hotel for free.
There Center Square, I fixed it for you at no charge. Please make a donation to the Catholic church of your choice and spread some more compassion around.
Well if the price of rent is too high in Illinois, one can move to NYC, self identify as an illegal alien and be housed in a hotel for free courtesy of Big Apple taxpayers