Nope, in fact I don’t think they’re doing real well right now. The only thing that happened to pensioners was the ones that retired too young for Medicare had to buy health insurance. A lot of them had a rude awakening as to how much gold plated benefits cost.
Should have mentioned that but if I recall the cuts were like 10%. The $1,000/mo health insurance premium was a killer for the 55 year old pensioner only collecting $30K a year.
Not quite. Some big developments down town and on the riverfront. Neighborhoods….not so much. In fact a good part of the community has moved to collar burbs. Population wise Detroit isn’t even in the top 15 now.
Poor Taxpayer
2 years ago
The sooner it fails the better off the taxpayer will be. Then we start all over again. It is not “IF” it will fail, it is “When” it will fail.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Illinois needs a fiscal crash and burn — only then can the pension clause cancer be killed
This never works. Did Detroit revive after its collapse?
Nope, in fact I don’t think they’re doing real well right now. The only thing that happened to pensioners was the ones that retired too young for Medicare had to buy health insurance. A lot of them had a rude awakening as to how much gold plated benefits cost.
Wrong the pensioners had their pensions cut and no cost of living raises ever so do a little research
Should have mentioned that but if I recall the cuts were like 10%. The $1,000/mo health insurance premium was a killer for the 55 year old pensioner only collecting $30K a year.
Not quite. Some big developments down town and on the riverfront. Neighborhoods….not so much. In fact a good part of the community has moved to collar burbs. Population wise Detroit isn’t even in the top 15 now.
The sooner it fails the better off the taxpayer will be. Then we start all over again. It is not “IF” it will fail, it is “When” it will fail.