Michael Lucci, president of the 50 Economy Foundation: "There is an army of investors armed with capital ready to pour into Illinois. And the federal government might help if Illinois cuts its debt and gets its fiscal house in order. In the meantime, investment dollars will flow into the growth of better managed states, and Illinois residents will follow."
This article is spot on about everything except one thing. The headline. The past pattern has shown that investors do flock to Illinois for the yields and collude with politicians to raise taxes or get a place at the front of the line in bankruptcy. Investors (vultures) like to eat the carcass of this dying state, it’s very profitable for them and not risky at all for them, when the likes of corrupt actuaries, Moodys, Madigan, and Pritzker are their trusty market fixers, they will have nothing to fear. The Ponzi will easily go more cycles.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
This article is spot on about everything except one thing. The headline. The past pattern has shown that investors do flock to Illinois for the yields and collude with politicians to raise taxes or get a place at the front of the line in bankruptcy. Investors (vultures) like to eat the carcass of this dying state, it’s very profitable for them and not risky at all for them, when the likes of corrupt actuaries, Moodys, Madigan, and Pritzker are their trusty market fixers, they will have nothing to fear. The Ponzi will easily go more cycles.