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.
A slightly deeply dive in Columbia shows that it’s lost nearly half of its student population since 2008; and its freshman class last year was down 55% from a decade ago. The school is hemorrhaging money. It is nearly $160M in debt and has deficits of $30M+ every year with no end in sight. 90% of its revenues comes from students and 2/3rd of them get financial aid from the federal student loan program. Columbia College is not long for this world is will likely go belly up, bankrupt, close shop, during the next downtown. Keep ingesting that DEI poison… Read more »
They badly need a blood transfusion. Problem solved.
Is there some kind of new blood test I haven’t heard of yet to detect this disease
I love this quote even though I have no idea what it means. English must not be this guy’s native language.