-- 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
My guess is that the drop off in college attendance upon graduation is mostly white men, which is consistent with national trends: Men are falling behind in higher ed and the trend may not be letting up Women became the majority demographic to attend college decades ago, and today, they make up almost 60% of U.S. college undergraduates. But the rate at which women predominate higher ed may be partly due to the declining rate of men attending college and succeeding. While Fall enrollment among men and women has mostly declined between 2017 and 2022, women have weathered the storm… Read more »