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The Treasury Department issued a new proposal Monday to expand the Committee on Foreign Investment in the U.S.’ (CFIUS) ability to prevent certain foreign-linked companies from buying up land near U.S. military installations inside the country. The proposed rule would stonewall both Cnano USA and Gotion Inc., two separate subsidiaries of Chinese-based companies that planned to buy land and build plants close to military installations in Michigan, Illinois and Kansas. Gotion Inc. was also approved for $536 million in state subsidies to build its plant and additional tax breaks to rake in hundreds of millions in additional dollars, the office of Democratic Gov. JB Pritzker said.
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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No foreign nationals or companies should be able to purchase farm land in the US. Period. Foreign countries should not control our food source.
And the one who is drooling to be president, unfortunately Illinois governor, welcomes the Communist Party with open arms. He is a Traitor, we know that.
Picture hundreds of Chinese nationals flying drones at targets within the U.S., from their new command and control center, the “EV manufacturing plant”. Wild speculation and unsubstantiated conspiracy theory or distinct possibility? I can’t see what difference it makes if the proposed plant is 50 miles away or hundreds of miles away. Why not build the plant in China?
I’m wondering when Gotion will be refunding the advance payments made by JB and the state of Illinois?
Yeah, and when will we, the taxpayers, see all of those millions in taxpayer subsidies redirected to us? I know, we live in Illinois, so the answer is “never.” They’ll use that money on more projects to benefit us, LOL.
Oh snap!!! Going, going… soon gone. Another fat failure for Pritzker. Taxpayers can take a breath though – the pork pie won’t get cooked.