-- 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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Wonder how many pols are members of ill trial lawyer asoc? Just like so many are cashing in as prop tax appeals lawyers
Despite what you read and hear, medical malpractice cases in IL are difficult to win. Insurers quickly settle the cases of actual practice and fight to the bitter end for all others. They have something – and I could be off a bit – something like 90% win rate at trial. But there are a lot of medical malpractice cases in IL. I think the reason for this is that many cases in IL are complicated patients. Our state has a a lot of poor patients on medicaid and medicare; and being poor and unhealthy is going to lead to… Read more »