Illinois: A State In Crisis
For many months now, Illinois has been a state in crisis. With no budget, there was no certainty that schools would open in the fall. The vast majority of Illinois residents believe that schools are an essential service. Schools are right up there with fire and police protection. But there was a very real chance Illinois would have no public schools in the fall, if it had no budget.
There is enough blame to go around, and no need to point fingers. But there are some striking parallels between the impacts of the budget impasse and the impacts of a family without Aurora, IL Renters Insurance who suffers a significant loss.
For more than a year, Illinois residents have lived in a state in crisis. More accurately, you’ve lived in a state that was simply unable to meet its obligations. Some spending was ordered by courts. Some spending cuts were made by department heads. Some department heads didn’t take a salary for the duration. Even lottery winners went unpaid.
A State And A Family In Crisis: Which Is Hit Harder?
An Illinois family who fell victim to an apartment fire would have found themselves the victim of a double hit. Without most government services available, that family would have had a difficult time in the first days after a fire. Without renters insurance available, they would have found themselves in the same position as many other residents.
Namely, those fire victims would have been unable to receive any unexpected income, because it would go towards the judgement against them for the costs of the fire. They would have been unable to buy any new property to replace what was damaged in the fire, because there was no money. What money there was would all go to solving the problems caused by the fire.
The primary difference between a family after a fire and a state in crisis is this: Illinois was able to resolve their budget issues, though perhaps temporarily, after about eighteen months. A family facing lawsuits, judgements, and the inability to replace their personal property would be looking at a lifetime of living under those conditions and having someone else tell them how to spend their money.
Is The Deal A Full Solution For A State In Crisis?
The Chicago Tribune quotes Governor Rauner as saying,
This is not a budget. This is not a balanced budget. This is not a solution to our long-term challenges. This is a bridge to reform.
Be that as it may, a state in crisis has the option of passing a stopgap compromise measure that is a bridge to reform. Sometimes, the reform that you so desperately need can’t be found all at once. It has to be achieved in steps, over time. Illinois has the option of utilizing a bridge to reform, knowing that things will eventually get better.
A family in crisis following a theft, a fire, or another significant loss has no such option. That family is burdened by the consequences. It makes no difference whether the consequences are due to simple misfortune, their actions, or even their negligence. None of those things makes the consequences of an uninsured loss any easier to bear.
“Mistakes Were Made” Is All Well And Good, But How Will You Fix It?
Perhaps things could have been done differently by the Governor and the legislature to prevent the long-term consequences of living in a state in crisis. We’re not here to criticize what they did or didn’t do. But there is something that you can do differently to make sure that your family isn’t subject to living under the thumb of someone else or subject to the circumstances.
A state in crisis can’t meet its pension obligations, and so breaks promises made to teachers and state employees decades ago. The budget only covers the first half of the year. State universities were at risk, breaking promises made to children of the middle class who believed that the state universities would always be there for them.
What really happened here is that the legislature and the Governor finally agreed to take money from a number of accounts that had been set aside for other purposes. More promises broken to solve a short-term problem, in reality. A state in crisis has enough savings and enough otherwise allocated funds to do that.
Can A Family In Crisis Hold Their Own In America?
A family in crisis probably can’t come up with a mere $400 to pay an unexpected bill, according to the Washington Post. Federal Reserve statistics cited by the Post say that 46% of Americans couldn’t cover that $400 bill. That’s essentially half of American families, and that’s a comparatively small crisis.
Alternatively, the average cost of Aurora, IL Renters Insurance is about fifteen dollars a month. Nearly every family in Illinois could find fifteen dollars a month from somewhere. So why do fifty-six percent of households across America go without the protections that few dollars a month affords them?
Some families think it won’t happen to them. Some families misunderstand the long-term implications of causing bodily injury or property damage to someone else. Some families think that they can just bankrupt the loss without any consequences, which is often not the case. Some families think that they have enough in savings to replace their personal property, often having woefully undervalued the things that they own.
Whatever the reasons given by the government of a state in crisis for allowing this nightmare to drag out for a year and a half, those reasons are not good enough to overcome the impact on every person in the state. Whatever reasons you have for not buying renters insurance, those reasons are not good enough to overcome the impact of a loss on every person in your family.
A state in crisis could have resolved its issues quickly and efficiently, with a minimum of cost, had everyone worked together. Fifteen dollars or so a month could prevent your family from facing a similar set of issues lasting years, decades, or a lifetime. Renters insurance in Illinois is affordable, and it’s quick and easy to get covered.
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