-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
This is absolutely infuriating!
Rent control and immigration control? Sounds more like landlord control.
God bless the poor working guy who saved up enough to buy a two flat so he could get some rental income. And folks wonder why these properties are disappearing.
Just curious. In the event the tenant commits a crime ( being here illegally is a crime hence the word illegal) could the landlord be charged with harboring a fugitive or aiding and abetting? What if later officials found out that the tenant is a felon in their home country wherever that may be. The landlord would be arrested for not disclosing vital info to the authorities and the tenant may be deported or be charged with a crime. As a landlord this could be messy.
There are all kinds of good questions like that on this. Illinois has becoming a circus of absurdity with radicals running wild.