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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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Here is an interesting video from Dec 2020 basically talking about the Dark Winter to come. It’s about 16 minutes long. I don’t know how valid this is.
https://www.youtube.com/watch?v=obNiPVWzkTI
This is a great editorial – should be pinned all over.
To wit – https://childrenshealthdefense.org/defender/
We only learn by data and facts, not partisan propaganda.
Any college student that would pay tuition and rack up 20 years of debt for remote classes is beyond stupid. College has become a Barnum and Bailey world looking for suckers.
True but a prestigious college degree will get you the good job at a Fortune 500 company; but low prestige college degree gets you a job at the call center, and no degree maybe you’ll be the janitor. That’s the value of the degree. The people making hiring decisions all think the same way too. All of my ancestors spent their entire lives doing hard laborious work on the farm or in a factory or outside in the elements. I’m the first in my line to work in a cozy temperate controlled office for a mere 8 hours a day… Read more »
I think what Rick is saying is that more people are viewing higher education (rightfully so) as Barnum and Bailey, which means the “prestige” previously afforded many universities such as UofC is devolving into simply a show of fealty to the hierarchy. A signal of what you’re willing to do to yourself to become part of the club.
So the question is will we see a shift in attitudes among college applicants toward “If that’s the price you want, f*ck you and your club.”
I think the answer is yes.
“So the question is will we see a shift in attitudes among college applicants toward “If that’s the price you want, f*ck you and your club.”” This is happening for sure, the drop in the number of admitted college students is mostly due to white teenage males foregoing college altogether. However, corporate america – where ‘good’ jobs exist – doesn’t care or notice. Job openings will given to diverse applicants and foreigners instead. It’s already happening. Yes, quality suffers immensely when employees are selected solely because of race and not merit. But large oligarchy corporations don’t really care because they… Read more »
It varies by profession. Professions requiring a license, then yes. But in IT today nobody regards your degree, its all about what computer languages you know, platforms you know, databases you know, etc… IOW what you can do. My son is making 100k at the age of 24 with an associates degree he himself considers was a waste of time. All the IT people now contracted from India to outsource, have no college there, they just learned on the job.