-- Connecting the dots between our economy, government and business --
“I think that is a positive indicator of investment,” said Geoff Smith, executive director of the Institute for Housing Studies at DePaul University. “This type of housing is creating an opportunity for moderate- and middle-income families to enter into homeownership.”
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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They will live to regret it. The Chitty is going to tax away all of their equity.
Work hard and get nothing for you efforts.