-- 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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The only choice offered to medical professionals is to leave Illinois, if they are overwhelmed with burdens of: …forced servitude to new clients taking slots when old clients couldn’t even get slots, …net reimbursements below breakeven cost of doing business (other professions have little concept of the uncertainty of payment for services and the obligatory costs of unknown forward-going malpractice premiums), …clients blaming the medical professional for inability to obtain appointments within reasonable time frames. Pritzker, Illinois medical professionals hear you! They know they are considered deplorable by you! Be happy, you are successfully chasing them all away! (Of course… Read more »
You, deplorable, must pay $25,000 per year for your family of 4, with a $5,000 deductible.
But your illegal immigrant neighbors? They get socialized medicine for free, paid for by the tax payer.
Will the illegal immigrant ever get off the state medicaid plan? Probably not!
Will the republicans ever get off there asses and start demanding changes instead of just sitting by idle. I cannot stomach this state any longer, and yes I can move but at a cost.
Yes, this continuing, awful news we hear about what’s going on in IL continues to irritate us IL residents. I speak often of an IL resident’s threshold of pain. From what I read about COVID money drying up and what wonderful things IL has planned for us in the relatively near future, I think many of us will be crossing that threshold and scooting.
Imagine how cool it would be not to be hit over the head every day with awful IL news. We’d feel so much more at ease, content, etc. Like many IL residents, I have things keeping me in-state, but I continue to approach my threshold of pain.
Myql, I often imagine that. It’s very sad. Had you asked me when I was young what I would be writing about now, I would have imagined it would be about what next steps forward we could take in whole new, bright world in which we had progressed in most every way. Even more recently when the Berlin Wall came down I thought the world would be on a new path to prosperity and freedom. Instead, we’ve degenerated, having to defend the most fundamental values of Western civilization that took centuries to win.
Yes, Mark, things seem to be unraveling at a significantly greater rate than in previous decades. I think that feeling is more prevalent in IL than most states. As I grow older and have less years left, I’d rather not be continually inundated with the news of poor policy decisions and the results thereof. It seems my moving out of state may be more a case of when, not if. I see no light at the end of the tunnel in IL until, perhaps, after many years.
In my opinion the speed at which everything seems to be unraveling has its roots in modern technology especially the internet and devices like the cell phone/computers. In an instant most everyone in the world can communicate with each other on whatever comes to mind good and bad. It’s like instant gratification but with words not actions. When we switched from analog to digital the speed of our eventual downfall accelerated at breakneck speeds. The worst part is if we were to go back to our roots of communication before the internet chaos would ensue but if we don’t even… Read more »
No Comprende Ingles!!! Do I now qualify for the free stuff?