-- 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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Sounds to me like controlled nuclear fusion powerplants: always just 50 years away from practicality, no matter what year is on the calendar page. We’re a long way from millions of stable qubits. How’s that ITER coming along, anyway?
My questions is to the greenies aka climate change fraudsters is you deemed fossil fuels as horrible for the environment how is the power going to be generated for this facility. For the life of me and many others since Pritzker the great is shutting down coal plants, gas peaker plants are wind turbines or solar panels going to handle the mega watts of power needed not a chance in hell. Remember this also Quantum computing can be very dangerous to everyone as to how it will be applied, privacy will be gone forever it will control are everyday lives.
“The new quantum campus is projected to create 175,000 jobs” says the linked article. Crains says “PsiQuantum’s facility will be about 300,000 square feet and employ up to 150 people within five years.” Either way, aren’t we going to hear about gentrification as affluent folks want to move into the neighborhood?
I also wonder how the facility’s need for water will work. Will it raise Lake temperature?
The jumping carp won’t mind a bit and the PCB will dissolve faster into the water supply. The three headed perch again will not care.
I once caught a Haddock. I took an aspirin and it went away. LOL