-- 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.
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I foresee a whole new category of law and litigation developing here. The question is will humans sue AI or will AI sue the humans first. I asked AI this question and it’s answer was “as Al’s role in society evolves, there may be future discussions about its legal status.”
This is bad juju. Often the employees make great use of AI to do their job better. Is CTU afraid the AI will be capitalist?