-- 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
Isnt it all going to free pretty soon? Dementia Joe and the rest of the US Communist party said so.
+40% of the students at UIUC are out of state, i.e. not Illinois residents – they can raise tuition plenty w/o any problem.
Hiking tuition and other costs…yep things are getting back to normal.
“Public” Higher education needs to be reformed completely. These organizations foster poor productivity, coddle the highly degreed staff, charge premium costs for poor results, deliver a poor product and have little business based over-site. When they spend too much, they simply raise prices and come back to the tax payer well for more money. Students and their parents who decide that College is a must…are then pushed to take loans from predatory lenders or take on a huge debt putting off retirement and other needs to pay the price. Under the Biden/”Maleficent” regime, Our government is poised to take on… Read more »
Higher Education is in the middle of a forced reform now. Enrollment is dropping precipitously and is unlikely to come back. Even worse, the drop off in college enrollment is most affecting BIPOC whose enrollment has dropped off a cliff. A relative of mine, from a working class background (but shares the oppressor color of skin), with a 1200+ SAT, didn’t attend college this year. Didn’t enroll at U of I, didn’t want the debt or zoom learning. Big changes coming when there is a generational attitude shift among high school students. The good thing now is that millions of… Read more »
They are producing exactly what they want- angry young people who believe that the “system” has screwed them. Young people have been led to believe that any degree is a ticket to wealth, and money is no object in the pursuit of a degree. Then when they find out that the degree in gender studies, ethnic studies, or sociology is worthless in the real economy, they are angry. The “system” is evil. They are not told that there has never been, nor will there ever be, an economy in which these “studies” are worth a nickel.