-- Connecting the dots between our economy, government and business --
With some investment returns likely falling as far as 15 percent, states are going to face a cumulative pension debt of between $1.5 trillion and $2 trillion by the end of the year.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Horsey Manure!!
The Democrats in the State Houses spent the money that was supposed to fund them.
That’s just one part of the problem. Investment returns that didn’t meet projections, defined benefits that exceed contributions, early retirement, 3% annual COLA and the list goes on.