-- Connecting the dots between our economy, government and business --
The state college savings plan remains closed to new investors as the financial health of the program deteriorates. It's clear a state bailout will be needed to ensure all participants get promised benefits.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
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Can the state do anything right? We unwashed masses are lectured daily on how the poor deprived state doesn’t have enough money or power, and that explains our pithy lives aren’t perfect.
Are the rights of the parents and prospective students “contract rights” that must be honored at all costs? What reasonable expectations are NOT contract rights? If all or most promises of states and their subdivisions MUST be honored, why should they not all be pro-rated? How will the IL Sup Ct differentiate among those debts that should be paid and those which need not be paid? To me these tuition promises seem more deserving because people actually paid money to secure the promise. NOT TRUE of teachers or public employees to the extent their nominal contributions were paid by others… Read more »
How about reducing the salaries of the professors and administrators at the colleges and stop the golden parachutes. Move to virtual education for core classes. The best class I took way back in the 80s was to watch the Cosmos series on video cassette and read the book, then took a series of CBT exams for which I received 3 credit hours in intro to astronomy. And this was back with 1980 technology. The key is to reduce the cost of college, then the promise of the plan can be met simply by attacking the cost of college.