-- 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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Students are relatively unburdened by a legacy of working and paying taxes too
Sell your rental property ASAP. You do not deserve a return on your investment.
It “could” or it “would?” Perhaps the University of Chicago should educate students on realities instead of unproven pie in the sky daydreams of college professors.
I get what you’re saying, but isn’t part of the college experience about exploring ideas, even the ones that seem a bit idealistic? Sure, practical knowledge is crucial, but maybe there’s value in those “daydreams” too. They can inspire innovation or solutions we might not have considered otherwise. Could it be about finding balance between the theoretical and the real-world applications?
Would really like to know if these students interviewed any housing providers before they came up with these “bold solutions.” Again, I suggest anyone interested in affordable housing read 91 Ways to Create More Affordable Housing which can be found on the Illinois Rental Property Owners Assn. website. Their suggestions make sense. By the way, it makes me mad that only lip service is paid to encouraging small landlords or three-flat owners. There are articles that say a city like Chicago really needs two-flats and three-flats and ADUs etc but in reality it is too expensive, risky, and dangerous to… Read more »
“ Unburdened “. The last person that used that terminology proved to be nothing but a scatterbrained, DEI hire. “ Affordable housing “ is newspeak for Section Eight housing in most cases, and it quickly becomes a blight on the rest of the community.
Private property is private property, as long as property taxes are paid and the place is not falling down, no one should have any say about usage. These students mean well I’m sure but this is just one more idea that limits what landlords can do with their own property.
Did these students ask for feedback from the Illinois Rental Property Owners Association (IRPOA)? Go to the IRPOA website and read 91 Ways to Create More Affordable Housing. Oh yes let’s listen to students who are “unburdened” by real-world experience and business smarts. The problem of affordable housing is a complex issue, and it won’t be solved by taxing the crap out of landlords who have already been beaten down in Illinois. The number of affordable housing providers in Illinois is shrinking for good reason. They are getting the hell out of Illinois. These students are “unburdened by what has… Read more »