-- 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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LOL this is all about goofs who only get their insurance from SR-22 type places, with bad credit, bad driving histories and questionable payment histories. “INSURANCE IS TOO EXPENSIVE!!!!” Screams the single mom with three kids from two dads with a driving abstract 4 pages long and four accidents in the last decade. That’s what this is about, really.
Hahaha! Do you really believe the demographic that you described actually pays for auto insurance? Maybe when they initially purchase a vehicle at the buy here pay here stealership, but they’ll drop it like a hot potato as soon as they can.
Note to politicians with a “D” next to their name – auto insurance rates are going up everywhere in Illinois. Not just in minority communities. Seems like the people in Illinois are paying more to cover the increasing costs in California, New York and Texas. Maybe it has to do with the illegals? Please help out all the citizens of Illinois regarding this issue.
My auto insurance insurance dropped by two-thirds when I moved to North Carolina.
For you Democrats, that’s about 66%. Oh, sorry, I forgot you geniuses who went to Chicago schools don’t know how percentages work.