-- 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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Illinois does not need any new housing units. Punta Gorda, Fl does them to meet the demand of the Chitty of Chicago Cops Fleeing the Chitty. Chicago is not a safe place for anyone, cops, families or criminals.
“Illinois built fewer new homes per capita in 2022 than nearly every other state …Only Connecticut and Rhode Island had a lower rate of new construction. It’s the result of flat or declining population…” “The average price of a new home sold in the Chicago area in fourth-quarter 2022 was $444,628, up about 25% from the same time in pre-COVID 2019.”
LOL, how will our newest third world residents afford new homes that cost nearly half a million dollars?
Why buy a house when you get free housing, food, clothing, medical, utilities, etc. No, our ‘newest third world residents,’ aka: illegal aliens, will only steal resources from Chicago citizens, not buy a house or pay rent. (At least until they get their drug businesses up and running.) Heck, how many homeless Chicagoans are offered free housing, food, clothing, medical, utilities, etc.? Note: those housed in suburban hotels are likely enjoying indoor swimming pools and fitness facilities. This ‘sanctuary city/sanctuary state’ crap has to end. There’s only so much to go around and Chicago’s citizens deserve it far sooner than… Read more »