-- 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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As long as taxes stay high so will rents.
The average rent is high, not because so many yuppies people are renting luxury apartments, but because the illegals are flooding the cheapest, working class neighborhoods and competing for the same low end units. That disruption works its way up through the housing supply. It only takes several thousand illegal immigrant families over a short period of time showing up and disrupting rents for everyone. There’s no untapped source of housing the market can just tap into to free up excess units for rents to rent at below market rent. No, everyone coming here is competing for below market rents.… Read more »
In addition to multiple illegals renting one unit where they normally could not afford. Keep blaming the greedy landlords, impose rent control, see how your policies work when you fail to see the whole picture.