-- Connecting the dots between our economy, government and business --
As part of Ald. Michael Rodriguez’s proposal, the funds would be provided as forgivable loans, while applicants would have to live in Chicago, inside the home they are seeking the loan for and have incomes at or less than 300% of the federal poverty guidelines, among other requirements.
Summary and audio linked here.
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Summary and audio linked here.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Podcast link is here.
Taking out loans to pay, not for capital expenditures, but for current expenses is an old Amtrak business plan. What happens next year when people can’t afford the insane property taxes? Another loan?
It didn’t work then,and won’t work now.
Putting people in debt (and especially if they cannot afford to service those debts) doesn’t work. I remember 2008 as if it were yesterday. Loans without rigorous credit standards and underwriting create more misery than good. The elephant in the room is the high property taxes, and they look like they will only go higher in coming years. Lending into this situation is supposed to help? I don’t see it.
Hmm, this sounds like an advanced class in can kicking!