http://host.madison.com/ct/news/loc...cle_e1ba2e04-25bd-595c-8739-9f9641c8ede8.html
If the state didn’t see a large increase in private-sector jobs in July, it certainly heard a lot of conversation about creating private-sector jobs, as the state Assembly recently
voted in favorof a $3 billion incentive package for Foxconn.
Foxconn is a Taiwanese company that has proposed building a LCD manufacturing plant to Wisconsin, potentially creating 13,000 jobs. To start, Foxconn would hire 3,000 workers. Some Democrats have declared themselves skeptical of the deal, especially after estimates came out showing the state would not break even on its $3 billion investment until 2043.
But other Democrats were drawn in by the possibility of such significant job creation.
"Say what you will about who the governor is, say what you will about who this company is, say what you will about investing our money into a Chinese company coming to Wisconsin — but you know what is worse? Watching those factories shutter and move to China and Mexico," said Rep. Cory Mason, D-Racine said Thursday.
LOL at calling the $3B an investment. If it somehow costs the state $3B to get factories built there, we should be looking at WHY they need to provide those benefits to just get one factory. Whatever they're doing is driving away big business building factories there all along.
In other words, the $3B is well spent and maybe they should rid themselves of the taxes and regulations that keep other factories from being built there.
There is real debate about the factory providing jobs for Illinois residents over Wisconsin ones.
It's no coincidence that Illinois is in seriously bad fiscal shape after decades of Progressive policies. High taxes, trickle down government have failed miserably there.
http://money.cnn.com/2017/06/29/investing/illinois-budget-crisis-downgrade/index.html
How Illinois became America's most messed-up state
Politicians are notorious for making promises they can't keep. But they really outdid themselves in Illinois -- and now the state is paying for it.
Illinois is on the verge of becoming America's
first state with a junk credit rating. The financial mess is the inevitable result of spending more on pensions and services than the state could afford -- then covering it up with reckless budget tricks.
After decades of historic mismanagement, Illinois is now grappling with $15 billion of unpaid bills and an unthinkable quarter-trillion dollars owed to public employees when they retire.
"Illinois got to this financially treacherous place by ignoring the long-term consequences of short-term decision-making," said Laurence Msall, the president of Civic Federation, a budget watchdog organization.
The budget crisis has crippled social services that survive on state money, hurting everything from mental health services and Meals on Wheels for homebound seniors to domestic violence support centers.
"The most vulnerable citizens in Illinois are being hurt the most severely," Msall said.
The bit in red is how Progressive policies are downright dangerous.