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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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So when is the Illinois GOP going to go to the airwaves and newspapers against this?
Reparations now anyone?! Once again, SMH
Having recently toured a few Illinois institutes of higher learning I would suggest that the issue is not a matter of “underfunded” but rather a matter of underattended. Perhaps therefore the back room plan is to adjust the education system to absorb the undereducated Chicago students we keep hearing about so often. Observe therefore to the streets of Chicago to see the future look of the Illinois college campuses that will be sold to the public as a guise to end racism.
No wonder an increasing share of our state’s best and brightest college-aged students go out of state. What parent in their right mind would want their young adult “educated” by the leaders of the “schools” that produced this study? It ignores more than half the picture, which is the efficiency, cost and outcomes of these schools / universities. Just garbage propaganda / misinformation.
Nice article find Wirepoints. This is not being talked about anywhere. Perhaps because it is so ridiculous, but more likely so they can get it passed without anyone knowing. Enrolment into Illinois public universities is down for every institution and for every slice of race they want to examine. So, does the college restructure or examine how to adapt to smaller enrolment, how to right size the services to the consumer of their services…nope. Let’s start a blue ribbon commission to form a new way to take more public money. Likely because, as it states in the article, Illinois is… Read more »