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.
We should follow in Tennessee’s footsteps and offer two years tuition-free at a community or technical college and drop our state income tax.
I love Tennessee(I own propriety there), unfortunately it is afflicted with Christians who believe in government funded charity. When you subsidize college you simply increase inefficiencies in the market, hence the cost goes up. Also you generally get superior results when people are forced to work to pay for their own education.
I’ll also confirm that Tennessee’s admission standards are asinine at best.
CNBC is a financial markets and business news station and they didn’t even see that the real story here, which is, what it’s costing taxpayers to fund “free” tuition. Amazing.
Yes when you force taxpayers to pay for something it is “free”….you know it is not like a taxpayer has an alternative use for their own money. We should all be forced to pay for the education of a bunch of loser’s children who are ill equipped to benefit from the expenditure. After all their parents did so much with the 12 years of free” education others were forced to pay for as demonstrated by the fact they cannot provide for their own offspring.