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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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I didn’t read the article as I refuse the paywall. However, I think how higher ed funding is allocated amongst the state colleges in IL is important based on outcomes and equity. For over a decade now UIUC has received an inordinate amount of the funding while actively pursuing a strategy of growing a massive concentration of foreign students – that’s NOT the role of a state college. In NC the state legislature limited out of state students to no more than 10%, e.g. at UIUC no more than 10% of the incoming Freshman class in the School of Business… Read more »
Realistically, many of those foreign students at UIUC are likely spies stealing our agricultural and information technology.
https://www.agweb.com/news/business/technology/while-america-slept-china-stole-farm
Which is typical of IL policies, to be totally stupid about security and then scream RACIST when anyone says Hey maybe 1/3rd of students shouldn’t be foreigners…
Lawmakers and advocates are especially focused on boosting outcomes for Black undergraduate students because that group has experienced the steepest enrollment losses—plummeting 34% between 2013 and 2019 compared to 25.9% for white students and 19.4% for all undergraduates.“It’s important for us to look at our enrollment of African American students—it’s not where it should be,” said state Rep. Carol Ammons, a co-chair of the 33-member commission who sponsored the bill that created it. “I don’t see how we get to equity without looking at reality.” VS. https://www.insidehighered.com/quicktakes/2020/10/06/study-black-borrowers-more-likely-never-be-able-repay-student-debt Study: Black Borrowers More Likely to Never Be Able to Repay Student Debt… Read more »
Higher education needs to be a value proposition. Rep. Carol Ammons idea to enroll more low income black students into low quality public universities and saddle them with debt for their rest of their lives is, quite honestly: RACIST
Any time race is factored in or even mentioned, it is, by definition, RACISM.
I hope to live to see the days that a person’s race, ethnicity, and biological sex are NOT mentioned, factored in, or alluded to.
All of these subdivisions serve no purpose, but to disrupt and divide.