-- 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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At the same time the illegals will be getting over $1,000,000,000 in free healthcare. How many people this covers is still unknown but probably many 100’s of thousands and now they are being flown in. Maybe even first class. We live in Bizzaro World.
My spouse last week had a routine medical procedure ‘covered’ by her private insurance. The check-in people at the hospital asked for a $3,000.00 patient payment responsibility up front, which represented the co-pay and the deductible. My spouse’s employer and our family pays around $24,000 a year for this privilege. Yet, 3,700,000 people in the state are on free Medicaid, and are prohibited, by federal law, from paying even a penny towards their own medical care. Free! You pay tens of thousands for the same medical care that 3,700,000 people get for free! And the government, through taxes, forces you… Read more »
I’m noticing more pay first then get treated too. My buddy from China tells me that is the system where he came from.
Yep and systemic too!
The silver lining in the hospital with the $3,000 routine medical procedure is that the hospital, from what I could see, did not service medicaid patients. The parking lot was completely full, packed with $50,000+ vehicles. The hospital was the Taj Mahal of hospitals. The inside looked like a space ship. On the outside there was an artificial lake with a 200′ long waterfall cascading. I’ve never seen anything like it.