-- 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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I hear that a nice looking mansion on Astor St (minus all toilets) can accommodate a lot of Section 8 people. A Porto Potty will be provided in the back yard. Apply soon to get the best bedroom suite.
Forcing Section 8 into those apartment rentals – gotta make space for those 40,000 a day illegal immigrants Biden has coming into America.
Have any rental property in our neighborhood? Prepare for section 8 neighbors
No sympathy for anyone that does business in Illinois. It’s a choice to subject yourself to this abuse.
“One requirement under the Section 8 contract is a provision that a landlord’s business records must be open and available for inspection at all times.” If you are a landlord/business owner do you think it’s good for a bureaucrat to have access to this information?
New Illinois Democrat Bill Will Trash State Rental Market — Forcing Landlords To Be Low Income Subsidized Housing Providers Will Force Rental Property Owners To Pull Thousands Of Units Off The Market
Soon there will be zero incentive for “mom-n-pop” owner-occupied two-flat and three-flat investment, and renters will be captive market for anonymous REIT investor-owners.