-- Connecting the dots between our economy, government and business --
The Kenosha area is so near that there's a lot of potential for Illinois job-seekers and suppliers.
And the benefits Illinois derives from Wisconsin's deal comes without having to pay out a reported $3 billion in incentives.
"When you need that many people and a company ramps up as fast as Foxconn intends, it will be difficult for Wisconsin to meet all of their needs," Peterson said. "The reality is, it's a pretty short trip for people (who live) in Lake and McHenry counties, or even Cook. We have a lot of people that can benefit."
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