-- 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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Safe for who? The Safety Act criminals that will be armed and roaming the streets or maybe he means take some time like right after the next election when he is re-elected should he not get a Presidential or Vice Presidential nomination.
Hey,JB!
https://www.fox32chicago.com/news/9-robbed-at-gunpoint-in-chicago
Pritzker has no idea of life as a “regular guy”, probably feels 100% safe, 100% time, 100% insulated by wealth-factor coddling him at all times.
The only regular guy habit he has is stuffing his face full of food every chance he gets.
Another delusional Illinois politician, Illinoisans may believe you but on a national platform you can’t fool them.
There’s a picture going around the internet about the real taxes taxes on the Home Alone house increasing to $50,000; and most of the comments on every website or twitter you see are some variation of “Who in their right mind would pay $50,000 a year in taxes just to live in IL? IL SUX!” Illinois’ national reputation is trashed, and it has long preceded JB Pritzker. The great migration out of IL has been going on for many years as natives are being replaced by migrants. My hometown in IL is now nearly 40% foreign born, it was maybe… Read more »
Out-of-state folks shocked when I outline our own prior suburban house’s real estate tax history, probably thinking I’m just exaggerating for effect, when I’m not, me just wishing that I was.
Our Streeterville taxes have doubled within less than a decade, while its comp-sales home-value has remained flat. Yup, no meaningful price appreciation in our building for past two decades, and factoring dollar inflation, everyone has actually lost significant home equity value.
And your Quality of Life in Streeterville has dropped precipitously in those ten long years too:
Looking over your shoulder every time you leave the building;
Rampant crime;
Store and restaurant closures;
Difficulties selling real estate;
Rising condo association costs,
Criminality filling the void that used to be vibrant, etc.
Looking for home in a free and prosperous Red State I have consistently gotten two reactions from realtors 1) You poor bastard 2) Motivated buyer
LOL very true. But don’t put your cart in front of your horse yet. Home prices elsewhere are collapsing. For example, new home prices, for newly built homes around the country collapsed 18% in the last year, the most ever since 1965, while at the same time, new home prices are still up 24% from pre-pandemic prices, so the market still has a long way to go. Of note, IL mostly missed out on the new home building except for infill spec housing aka tear downs, in upper middle class areas. BREAKING: New home prices just crashed by the largest… Read more »
Insurance prices are skyrocketing for home and auto. My insurance doubled a few weeks ago. Will look at other insurers for better prices. I have Farmers which bought out MetLife a while back. Check your ins rates at the next renewal.