-- 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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Does not paying rent still qualify as a lease violation?
Why stop with this ordinance? This is only the beginning! Why doesn’t the city just build its own housing for residents? Big, tall, modern, grey buildings, block after block….guaranteed place to live, stable rent, government owned, can’t ever be kicked out.. It’s an affordable housing dream, just like mother russia.
A great recipe for dissuading mom & pop real estate investment in the City.