-- 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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Accessory dwelling units (ADUs) may be fine for a stable family. Don’t ADUs usually just serve one family–relatives living on the same property with adult children in a coach house or basement apt. or perhaps an elderly parent in the ADU. Are you really expanding the rental market? If you are the homeowner, you have to trust the person who is living in your ADU. (Landlords who live on the same property as the tenant have been threatened or even brutally murdered if an eviction has to occur.) You won’t create affordable housing until you stop attacking housing providers, whether… Read more »