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.
>>>unwilling to buy insurance<<<
Had a friend of mine’s daughter hit as a pedestrian by someone without insurance. There are significant medical bills to pay and so someone doesn’t want to buy insurance yet is out on the road. Amazing how the State sits back and done nothing regarding insurance and drivers but this is Illinois and nothing surprises me.
In the past I’ve heard estimates that up to 25% of all vehicles on the road at any given time are uninsured. In my experience, I’ve found that the crappier the vehicle, the less likely they are to have liability insurance. And in a neighborhood full of crappy cars? You can assume few have any insurance at all.