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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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None of your business how much kids get paid to play at a school funded by taxpayers. We want to produce athletes, not scholars. Stay out of our way.
Nice try. But athletes who play at public institutions are probably subject to disclosure through FOIA and other public disclosure requirements, no matter who pays the loot. Jocks at private institutions are a different matter. But of course, no one will pay attention until we have an athlete at any of our public colleges or universities that anyone cares about.
Nice try. But if the jocks play for a public institution and get paid for it, it is probably the law that the compensation has to be disclosed no matter who the money comes from. Let’s wait for the first FOIA request and lawsuit on this point. That is, if there is ever an athlete at any of our public institutions that gets paid enough to be of interest.
This is false.
Source: my kid is at UIUC making some nice NIL money.
Congrats for your son – not many can reach this level. Beware of unintended consequences. This kind of thing helps Power 4 athletes – and U of I UC and Northwestern are the only two in the state. And even within the Power 4, schools like Northwestern won’t benefit as much. Look, even though I was a D1 scholarship athlete, athletics in its current state conflicts with the academic missions of schools, and wish there was a way to dial it all back. I don’t see as a practical matter NIL staying secret. Coaches are going to mention NIL deals… Read more »