-- 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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The number of two-flats in Chicago has been decreasing for some time. Small landlords are disappearing. Too dangerous to be an owner-occupant. There are too many dishonest tenants in places like Chicago. Small landlords have had their rights stripped away.
Watch owner-occupants of small two-flat and three-flat buildings chose to not market their vacant units on open-market, to circumvent government regulatory efforts to eliminate “landlord selection” of tenants, to avoid renting to problematic Section 8, grifters, ex-felons, and other “disadvantaged” folks with no legitimate jobs, ex-felons, and/or poor credit ratings.
Property rights mean nothing to Democrats who need your building to house illegals.