-- 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
Yes come to Illinois tax credits abundant, billions upon billions screw the people of Illinois, well guess what Pritzker people are leaving in abundance your communist ship is sinking in Illinois and across the country.
Alternate headline from 1917:
Russia has the tools and talent to power its next stage of wheat production.
Duckworth can’t spell AI, Durbin still has a flip-phone, and JB would eat AI if only he had some catsup…
LOL I believe you that they, particularly Duckworth, cannot spell artificial intelligence.
You would find more value in an op-ed written by Moe, Larry and Curly. They were much better stooges than the ones we’re stuck with.
An op-ed of technology buzzwords and tech-speak usually repeated by frauds and grifters. People don’t want to live in Illinois because the state sucks. Companies aren’t going to invest in high tech facilities where most of state’s college students leave and never return, and they are replaced by low IQ third-world immigrants with little desire to integrate. Furthermore, chip making is EXTREMELY water and electricity intensive. Taiwan’s TMSC uses nearly 10% of the country’s electricity! How exactly is IL going to harness this kind of energy when we are banning natural gas, refuse additional nuclear plants? Windmills and solar panels… Read more »
Then why are companies planning to invest in Vietnam? Cheap labor? Better educated workforce? Which means higher profit margins but the U.S. is then still dependent on overseas production.
https://www.reuters.com/technology/fifteen-us-semiconductors-firms-eye-8-bln-investment-vietnam-senior-us-official-2024-01-26/
Given the state of learning in CPS, the technology level hasn’t reached candle making.