-- 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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Arne, your parents should have named you Arse!
Who would have thunk 100,000+ illegal immigrants would upend Chicago’s housing market? Who would have thought that emptying the jails would make housing more expensive? Pretty much everyone with a brain. Rents right now in Chicago are ridiculous. My landlord friends are telling me that with taxes going up and high demand now that most of the migrants have the shelters, this rental season is turning out to be insane. The low end of the market is out of control. I was out with a friend the other day, true story, and his phone rant upwards of 6 or 7… Read more »
Are these hemorrhoids ever going to go away.
Take care of law abiding citizens first.
Wow. My rent is pretty high, so I guess I’ll rob a liquor store with a toy gun, be sentenced to one day in Stateville after time served for wearing an ankle monitor while awaiting trial and get a place to live on the cheap courtesy of the taxpayers.