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"This a much larger thing than just me and my dad, and then me and my mom when she was going through her battle with cancer. This is a larger issue that impacting everyone in the country," said state Sen. Celina Villanueva, who represents Illinois' 12th District.
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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Making user costs ‘affordable’ is not equivalent to ‘tackling high prescription drug prices’. Useful idiots enable unchecked government subsidies to insurers, premiums rise, while State-run media declares victory when diabetic insulin users out-of-pocket is capped… easy button 1: allow Illinois residents to purchase drugs from Canada, Mexico and Europe at 70% savings. easy button 2: pay drug mules crossing US border without restrictions to set up ‘street pharmacies’. Most en vogue US prescription drugs are 70% cheaper in Mexico and require no prescription. Drug mules could make great profits with fewer risks. But US Drug Cartel Czar Schumer might feel… Read more »