-- 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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Hurray? Not so fast. Insurance/government-for-hire controls medical care supply (supply). Insurance is all but mandatory purchase for all customers of medical care supply. (demand). New txt coverage mandates=higher approved premiums for all insurance customers.(Supply same/demand up). That higher insurance (third party option premium) cost is paid by all potential customers of third-party-payment healthcare ( that is: almost all Illinois humans with bodies with discernable heartbeats). It is paid by force, without choice, by any taxpayer/worker/human-who-works-in-healthcare-provision. That higher payment= higher profits for third party payment Masters.(Math, look it up, ACA= premiums being a function of payouts). Solution= buyers and sellers of… Read more »