-- 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.
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If the student body is becoming more diverse, but enrollment is down or stagnant, doesn’t that just mean an increasing number of white and Asian students are not choosing ISU? It’s not like ISU is turning down white and Asian students to admit more minorities. Gains through attrition, if you will. Not exactly a bragging point. Thirty-five percent of the incoming freshman class comes from racially diverse backgrounds. If you were to look at our statistics as early as 2012-2013, we were probably at about 15%,” said Albrecht. The freshman diversity figure also compares favorably to the 28% of the… Read more »