-- 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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So if renters can’t afford to rent in Chicago, and they can’t afford to buy…..
They’re either going to move to the suburbs, or, go homeless!
This is equity. I’m all for it.
Democrats can’t do math — bloated government — and the tax theft that supports it — will drive out the middle class
Sell all real estate in Illinois and run for your economic life. Crime is going up fast, so run for your life for real.