-- Connecting the dots between our economy, government and business --
:quality(70)/cloudfront-us-east-1.images.arcpublishing.com/tronc/BR45J4Z4V5A7HJWNJSRMK25XRY.JPG)
"The denial of quality education choices at the K-12 level undermines college preparedness."
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
This is why universities should be probed for fraud — admitting students they now will fail, in order to grab federal student loan revenue
Actually they’ll graduate and fail upward. Next time you’re in a Starbucks or similar venue ask the person waiting on you where they went to college. It can be a real conversation starter.
When some future Edward Gibbon writes his magnum opus on America he’ll have several chapters dedicated to the educational system.