-- 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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“I want to make sure the Department of Education is efficient” –
With statements like this, Dick Durbin may be running for office again, he’s making too much sense…
He speaks out of both sides of his mouth.
Curtailing of research funding is misleading. Research facilities will be held to 15% of the money for administration and 85% for research.
That will be a huge increase in money for research … from the same grant amounts. Unrestricted administration percentages have been bloating university administration budgets.
Durban needs to go, and take Duckworth with him.
Duck needs to go, and take Durbin with her.
As PayPal’s founder well knows, it’s the fraudster who squawks loudest when his fraud is being uncovered.
Little dick Durbin has been involved with the grift for a very long time. He feels that he is entitled to steal whatever he can get his hands on and DOGE is making that increasingly difficult. Don’t they know that he is approaching retirement and needs all of those extra millions?
“I want to make sure the Department of Education is efficient.” – Dick Jim Talamonti, typist on behalf of the Center Square and the DNC, regurgitates the ramblings of Dick, the senior senator from the vast wasteland of Illinois. Jim, that Dick wants to maintain the status quo of the DNC and its NGOs fleecing the taxpayers. The Dick quote above is a bald faced lie and you know it. The DNC is terrified their thievery has finally been found. The DNC FA for years, now it is they who will FO. Jimmy, if 39 Trillion dollars of debt isn’t… Read more »
Hold on there. In that kind of news story, a reporter should just regurgitate what was said. Contrary opinions should be in separate opinion pieces or maybe in other news stories about people with different views. I think Center Square does a balanced job.
That’s how Illinois got here. Enabled by the useless Illinois media personalities. The ‘Talking Points Era’ of the USA has been a disaster.
This article wasn’t too bad, at least they quoted Musk giving an alternative opinion. But Mr. journalismist failed to push back even a little on Durbin’s assertion – without evidence – that the SBA was unable to handle student loan processing. One thing that no one is talking about is the that federal government rarely garnishes unpaid student loans. you can stay delinquent for years because the Dept of Ed does everything it can to keep you out of default. The switch over to the SBA is going to be much more business minded – either pay your students loans… Read more »
https://www.forbes.com/sites/adamminsky/2025/03/14/student-loan-borrowers-are-reporting-huge-spikes-in-monthly-payments-as-repayment-system-buckles/
Student Loan Borrowers Are Reporting Huge Spikes In Monthly Payments As Repayment System Buckles
One borrower enrolled in the PAYE plan who was unable to recertify her income was told by her loan servicer that her payments would increase from under $600 per month to $3,400 per month under a Standard-equivelent repayment plan because she was unable to recertify her income. Her loan servicer told her if she could not afford those payments, she would have to go into an interest-accruing forbearance. Other borrowers are sharing similar experiences on public forums.
Are you trying to identify a problem with this deadbeat, perhaps they should have paid or saved during the hiatus?