-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
All these DEI executives are in high demand as organizations scramble to be perceived as inclusive. Expect high turnover while never fully implementing anything meaningful but leveraging the hype behind their pseudo accomplishments into better paying gigs.
These overpaid administrators, along with others, are in a system fueled with college loans. Eliminating the loans would drive down the demand for college attendance forcing the colleges to lower tuitions thereby dooming these social indoctrination programs and the administrators that run them.
Colleges have turned into high priced country clubs for the high school graduates forgetting their original purpose of gaining useful well paying employment skills and the loans have allowed this situation to flourish.
I’m conflicted about what to do about college. On the one hand, sending your child to college and paying to feed the beast is about the worst thing you can do for society. But on the other hand, if your child doesn’t go to college, you’re only ensuring that no conservatives will again ever be in major institutions, and conservatives will lose whatever little influence they have left. There’s no way to access, change or reform our institutions from within without a college degree. So basically there’s no good answer. A bit like Germany wanting to sanction Russia for invading… Read more »
Maybe instead of withdrawing, the better alternative is to flood the universities with conservatives. It would take a lot of mental strength on the part of those who did it, rather like Jackie Robinson.
But then some hapless Republican parent is paying a communist professor hundreds of thousands of dollars a year to teach their child communism.
Or maybe it’s an investment in saving the country. That’s where the mental strength comes in.
They are chomping at the bit to make college “free”. Beat them at their own game…
Colleges have both a price/value problem and supply problem. The supply problem is often overlooked. Sure, the supply problem is no real challenge at the top 75 universities (give or take), but for the vast majority of the schools, there is a lack of qualified students. Just look at the Chicago Public Schools. This is a 315,000 student system, and so few graduates are really prepared for college work. I doubt it is any different in Rockford, Waukegan and so on. The schools react by lowering standards, but the lack of qualified students causes real pain, especially to the students,… Read more »
Colleges have 3 useless administrators for each actual teaching position. This is why college cost bears no relationship to the career-value of a degree.
DEI is just the newest grift…
..