-- 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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Honey before you rob the bank , try and sell illegal drugs or get in a gang fight, did you pay your life insurance premiums ?
Everything should be used, credit score, etc
Good organized people do less stupid things.
Pritzker and the Dems continue to protect criminals at the expense of law abiding citizens and taxpayers.
And this is why even more insurance companies will flee Illinois. Law abiding citizens will pay the same as a felon, regardless of the risk they pose or the drugs they took. Thanks JB, and thanks democratic Illinois legislators for your socialist governing.
No they won’t. Insurance companies will just spread the risk across the entire population and raise the rates for non-felons to make up the difference. As long as they can make a profit they will stay in Illinois.
You’re probably right, but as a non-felon, I don’t find that very comforting.But thank you for calling to my attention a benefit of being too old to afford life insurance.