-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
This is not the job of a public, state supported college.
Well, much to your regret and mine the leadership there doesn’t see it that way.
So, is it the case all the Chinese students they’ve been recruiting to pay full tuition are spies for the CCP and U of I needs replacements or is it a case of needing even more foreign students to pay the bloated salaries and benefits of the “Diversity” Administrators?
Seems quaint that back when I was a high school student nearly half of my graduating class from our west suburban school went to U of I. Of course that was back when Reagan was President.
Now half of Illinois college student leave the state and don’t return.
There are a lot of empty seats in U of I classes because knowledgeable Illinois high school grads can get better deals elsewhere, notably University of
Alabama.
Every flagship school has a place for international students, but it is clear that Illinois wants them for budget reasons. Heck, in 2017 U of I took out an insurance policy against a decline in students from China. In Virginia where I live, we have excellent universities, a far cry from Illinois. UVa, W & M, VA Tech and JMU students by and large graduate and stay in the area. VA Tech is a great example. It has one of the highest alumni loyalty scores in the country (the school exists for students), there are an incredible number of VA… Read more »
Does the Federal Government subsidize their tuition?
I guess this is necessary in order to pay the bloated salaries, and pensions, of the liberal lunatic professors. Those students from India will pay full tuition baby!
Illinois exports people, food, jobs, money, and education. If the foreign students paid for EVERY Illinois student who wanted to attend I would agree it’s good. But, as you said, the liberal lunatic professors, bloated administrators, and democrap slush funds benefit more.
How in the hell is this equitable?