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.
Landlord rights? If the State wants to prevent evictions, the State should pay the landlords or house the evicted tenants somewhere. Oh, the State is broke and it does not cost the State a dime to prevent landlords from evicting tenants. But preventing evictions results in less revenue to the landlord which results in less profit, or no profit, for the landlord. The main reason for being a landlord is generally to generate a profit. That seems obvious to many yet where is the debate? The General Assembly hides behind the so far untouchable billionaire Governor JB Pritzker. The courts… Read more »