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.
Years ago programs like this were in East St louis…and we can see how that turned out
““Every Illinoisan, no matter their race, economic status, or zip code, deserves access to homeownership to build better lives for themselves and their families,” Pritzker said.”
Yes, this is the law as written, but the unwritten law will be to deny anyone who isn’t BIPOC
This is the progs version of section 8 for home buyers. Not content to rent on the cheap in a nicer hood?
Np, we’ll pay your mortgage there too!