-- 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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http://www.apartmentguide.com/blog/apartment-guide-annual-rent-report A main drawback of rent control is it is impossible to predict future events. Inflation, construction costs (lumber prices are up now), energy costs (some rentals include some utilities), etc. What we have in the Biden and Pritzker administrations is one government program after another, many in the name of compassionate social (racial, gender, etc.) justice pushed by a wide variety of foundations, non-profits, and special interest groups. Government control v free market flexibility. Many if not most government programs result in a reduction of free market flexibility. How sustainable are these new programs when there is no realistic… Read more »
With rents on the decrease I guess the market place is telling government there is no need for them to meddle in the rental market.
Rents are dropping like a turd right everywhere – in the city, in the ‘burbs, in the country – and this dope wants to enact rent control, because he naively thinks it will stabilize neighborhoods? Guzzardi is an overly ambitious moron, he really is. He went to BROWN UNIVERSITY for goodness sake. Tucker Carlson rightly describes Brown as a giant, tax free hedge fund with a college of social justice classes attached to it. He also used to be a ‘journalist’ for HuffPo Chicago. So a complete moron. People as dumb as this guy don’t belong in government. They belong… Read more »