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.
I agree with this. Many of these for-profit colleges are a complete joke. These certificates and degrees should cost 1/10th what they do. These schools only exist because students can borrow the maximum amount of money from the government. I always thought Trump was wrong when his administration supported these schools.