-- 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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Students funding their own useless indoctrination? Oh, the horror!
Yes, yes yes,,,if we just had more money….
Where have I heard that before?
Has Illinois adequately funded anything ever!!!
Like Trump is doing now, time to clean house in Illinois folks.
Having provided consulting services for various Illinois universities, I have seen a number of behaviors that make no sense. Professors who work part time/paid ridiculous salaries, conduct classes from home, have no office hours for students and have no fear of evaluation or penalties for crappy performance. Universities who have declining enrolment, but continue to maintain empty dorms. Overselling other universities and filling them with inner city students with fresh student loans and no interest in school – running out of dorm rooms and housing the oversold students in the floor lounges intended to provide students a place to study… Read more »
Have often wondered what the value of a college education is if morals and values are not brought into the equation. Post the Ten Commandments in the elementary schools so children can learn about right and wrong. The fear of the Lord is the beginning of wisdom. Proverbs 9:10, Psalm 111:10 My mother was a nurse for over 40 years and she had a master’s degree. She and my father raised ten children in Chicago. Admittedly, I am biased, but people who knew her said she was an eternal optimist and she really cared about others. (She was a people… Read more »
Look out, this is another sneaky deal by the machine. Just like school k-12 EBF taxpayers are stuck with, HB1581 is a EBF for state universities. More legalize justification to keep spending $astronomical$ sums no matter how empty or underprefoming the institutions are. Did martire write this bill as well? (Illinois General Assembly – Bill Status for HB1581 https://search.app/U9heVGu7wwezsN1L8)
Adequately fund always means “pay teachers more $$$” that’s all it ever means. Maybe if U of I football was a little better, it could generate some cash for the university….but who cares about U of I football nobody