-- 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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Hey Putger butt out. You can’t reduce costs in the state. Like you can regulate insurance
State Farm should just leave the state and give JB a big F U losing over 5,000 employees
Sure, just what we want—Pritzker sticking his nose in and pretending to care about the little guy. And Trump is an authoritarian?
Look to CA to see what happens when Democrats over-regulate the insurance business. Insurers exit the market, premiums skyrocket, homeowners and businesses go without insurance, people and companies leave the state, and the state is forced to set up its own taxpayer funded insurer of last resort.