-- 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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Translation:
Universities are in on the scam. They will gladly accept government-funded tuition payments from these students, and reward them with a degree in Gender Studies.
Can the students sign their name to a debt that will never be repaid? Well then they are college ready.
Pritzker is lowering the education standards because he wants to run for president. It won’t look good nationally if he is governor of a state with a failed public school system.
Colleges need students for tuition revenue, so many colleges will take even the students who graduated high school not learning how to tie their shoes.