“Must be repaid.” Are they secured? Even by anticipated future federal monies? Why bother with these self-negating illusory conditions? It reminds me of “loans” from the World Bank that are never intended to be repaid. They can show up as assets on somebody’s balance sheet for a period of time. Enron perpetrators went to jail. It’s another self-perpetuating Ponzi scheme that is part of the exceedingly shaky foundation of the national and the world economy. It’s all basically short-term economics providing opportunities for a few insiders to profit without accountability. How many Tokayevs and Nazarbayevs and Duvaliers and Madigans are… Read more »
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.
“Must be repaid.” Are they secured? Even by anticipated future federal monies? Why bother with these self-negating illusory conditions? It reminds me of “loans” from the World Bank that are never intended to be repaid. They can show up as assets on somebody’s balance sheet for a period of time. Enron perpetrators went to jail. It’s another self-perpetuating Ponzi scheme that is part of the exceedingly shaky foundation of the national and the world economy. It’s all basically short-term economics providing opportunities for a few insiders to profit without accountability. How many Tokayevs and Nazarbayevs and Duvaliers and Madigans are… Read more »