-- 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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Want, want , want and never give. These are incompetent, uneducated, ignorant , community activists who have no clue. The constant shooting costs with no insurance have destroyed most inner city hospital budgets but the idiot coalition doesn’t get it. They deserve no voice in anything.
Maybe Chicago Health Equity Coalition should present an offer to buy Mercy Hospital. If they buy it, they can then run it however they would like. Until then, they have no standing in the matter.
Chicago Health Equity Coalition is just like your typical politician, never ran a business and has no understanding of economics but thinks they should make business decisions.
It’s for sale for a dollar. If they want to run it their way, they can buy it if every organization in the coalition chips in a dime or a quarter. More likely, a new buyer will try to turn it into a limited specialty hospital for neurosurgery and orthopedic surgery, close the ER, close the clinics, and recruit well known neurosurgeons and orthopedic surgeons to bring their cases there. Chicagoland has not had much if any specialty hospital setups, but other states have them. Orthopedic surgery, neurosurgery, and heart work are profitable lines of business. Such specialty hospitals as… Read more »