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.
Profit wise these colleges clean up. It costs only a teacher and a classroom to stand up humanities classes. Whereas standing up a class in electronics, medicine, physics, etc. Costs much more in equipment, labs, etc. Most of these cheap classes devolve into echo chambers for snowflakes. Whereas a STEM class is focused on goals and skills and the cost of not wasting the semester on arguments over what bathroom to use.