-- Connecting the dots between our economy, government and business --
One culprit is a surge in migration.... Chicago reported “that an influx of new arrivals,” mostly migrants bused and flown from other states, “accounted for more than 13,600 people in emergency shelters.” Since 2019 the number of homeless has soared in Illinois (15,633).
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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The complete flop of ILLINOIS (16,863) new housing permits is vrs a Florida (193,788) or Texas (232,373) one would think would be a complete embarrassment for JB & company claims of a booming economy but is rarely even mentioned in Chi/Ill press??:
Who would build a house in IL? So the communist cabal can tax you out of it and give it to the underserved for $1 as part of redistributing the wealth? No thanks.
Pritzker is never embarrassed by any Illinois travesty. He has chutzpah to the nth degree.
Here’s JB announcing new committee to address housing development for “middle-class” all while state & city keep passing more anti-housing developer/ crazy renter rights/ crazy green energy bills putting Illinois almost dead last in new housing starts nationally. Meanwhile, housing and rents are dropping in booming sunbelt states like TX & FL BECAUSE THEY’VE BUILT SO MUCH…a complete joke : (https://www.chicagoconstructionnews.com/pritzker-unveils-statewide-initiative-to-address-housing-shortage-focuses-on-middle-income-families/)