-- Connecting the dots between our economy, government and business --
It’s becoming much clearer why Gov. J.B. Pritzker wants legislators to give him a half-billion dollars for quantum computing. The state of Illinois is closing in on what it believes could be the biggest technology project in state history: a $20 billion, 150-acre campus in the Chicago area for quantum computing. PsiQuantum is a leader, but there’s no guarantee its approach will work. Nor is it certain when or if quantum computing will deliver on the potential of becoming the next big thing.
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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Another Pritzker start up business using taxpayers money.
There’s nothing more dangerous than an inherited billionaire spending other people’s money on other people!
Well said!
$500 mil in taxpayer grants to U of I & U of C in hope they will attract quantum computing companies? I guess JB hopes he will get fed matching $bucks and win race against CO? I tried to google PsiQuantum, it’s just a tech start-up IPO where maybe CTU can invest there pension funds