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Soon, some Illinois colleges may have more staffers than students. In 2016, the freshman class enrollment at Chicago State University numbered just 86 incoming students. Meanwhile, the university employed 980 staffers.
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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Taxpayers should get their pitchforks out, after you read this.
Just google this, an article from 7(?) yrs ago that I am SURE is still valid.
google: thank you Illinois for my cushy life
Ooh, good, Steve. Here is the link. Yes, it still applies. http://www.freerepublic.com/focus/f-news/2726959/posts We will repost it.
Hi Mark, I’m sure it applies to many other taxpayer-supported “colleges” in other states, but it’s an absolute insult to private sector taxpayers who must pay for the waste, excess of a govt ee like this. This prof should be applauded— few if any are so honest and realize how lucky they are/were. I’m still in Maryland although out of suburbs, into Annapolis , which is a blast!! But the very high 8% flat income tax, and annoying PC that’s infected laws, courtsand newspapers, but ESP the cold weather, will make it just 2 – 3 yrs til we go… Read more »
Wow admissions departments might have to stop requiring parents to offer bribes to get their kids in!
Does it even occur to these fools that they need to reduce Staff ? Or is it not possible with the Unions ? Just ridiculous. Is it any wonder we are in a sinking ship ?
This is literally insane. Literally insane. Meanwhile, 50%+ of all Illinois high school seniors leave the state for college, and few of them ever return. Again, I wish I could send tweets to these loser professors and shame them into refunding the majority of the pensions to the taxpayer.
Yet their parent’s re-elect the same politicians.