-- 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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Years ago, my father was pulled over for having his hat on the dash. To this day, I still think that cop was an ashhole. I agree with the new law.
I don’t often agree with these guys, but this time I do. TBH, I didn’t even realize my air freshener was illegal. Guess I’m still breaking the law, but I want my fresh pine scent…
I agree. I once had a lawyer, who had been a police officer before he became a lawyer, tell me that the only legal item on a dashboard of a car was a religious statue that was no taller than 6 inches.
Really dark tinted windows are illegal here too but it is selectively enforced. Tinted windows are legal in other states, especially sunny desert states, so that the occupants don’t cook alive while driving. But in IL, the vehicles with the darkest tinted windows are usually up to no good….