-- 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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“RIP Medical Debt performs an analysis of hospital debt portfolios and identifies qualifying accounts”. If medical debt is to be randomly erased, I suggest they start with crime victims who have not only hospital bills but also bills from months or years of rehab.
So who does not get paid when Crook County decides to erase medical debt? Is it the hospitals we all need in times of an emergency?