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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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Just give them a diploma. They don’t expect to do the hard work, anyway. It’s equity, youknow.
This article is a disgrace. A complete disgrace. Let’s talk about…you know…the international Chinese/South Korean/Indian population. You know, that is somewhere between 20% to 30% of the student population…because they pay full tuition…and take spots from poor urban blacks and rural whites… Let’s have a talk about that, Chicago Tribune Journalist…or is that racist to discuss the fact? The facts that otherwise qualified students of all races have been denied admission for one reason: to allow full tuition paying international students instead? The article mentions 16% who identify as “asian-american” but how many identify as “asian” from Asia? how many… Read more »