-- 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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We need transparency from our elected officials
That includes these three stooges.
The market is the best thing, supply and demand, don’t like it get it from someone else. Same goes for minimum wage if someone will work for 50 cents so be it, if not they have to raise salaries, we are seeing this happening now over the minimum. I will add it’s INSANITY to kick state farm in the ba…s, IF they leave and they could in a heartbeat the state, Bloomington, would take a devastating loss. Might as well burn Bloomington to the ground there’s nothing left to save other then ISU and you then you better live on… Read more »
We need transparency from Springfield you morons.
Let’s see. Property values are rising. Liberals tell us global climate change is causing more storms and increasing the severity of these storms. This means more damage on more expensive properties which translates into higher insurance rates. Rising rates explained simply ifn a few sentences.
State Farm is a private company subject only to regulatory requirements. If they choose to raise rates, people can go to another insurance agency. Lori Lightfoot tried telling Target that they had to leave stores open destroyed in the Summer of Floyd and that they had to stay. Target promptly reminded her that they can close any store anytime and anywhere they choose to do so. If IL were so concerned with consumer concerns regarding insurance, let’s do away with mandatory car insurance as a lot of people don’t have it anyway.
Totally agree. There are dozens of property and casualty insurance companies in Illinois. So, if you’re a State Farm customer and don’t like your rates, stop your bellyaching and go out and find a new insurer.
Same thing goes for excessive State and Local government spending.