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.
Imagine paying $40,000 a year with Room and Board to take online classes in your dorm room. Hahaahaha no wonder college admissions in IL is dropping, the smart kids are going to out of state schools in red states, where SATs and merit actually counts for something.