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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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Real estate land baron investor twitter is filled with landlords saying “My prospective tenant used fake identification to try and rent an apartment! Screen carefully!” And now state law says that you can’t even screen your own tenants, and you must accept a ‘third-party’ screening service. My goodness. The word landlord dates in middle english to the 1200s as a surname and 1400s as a noun. The anglosphere has been involved in the landlord-tenant relationship for centuries before that under different names. But the Progressives, in year zero, decide that THEY know more about the landlord tenant relationship than our… Read more »
Well, the logic is if that you don’t like living next door to a murderer, rapist or drug dealer, then you need to move. Never mind the fact that you’ve been living peacefully and paying your bills for years.