I Confronted The Governor Of Michigan | Financial Audit
Published: 2025-11-03
Status:
Available
|
Analyzed
Published: 2025-11-03
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
87% of Michigan CEOs anticipate a weaker state economy in the next ten years.
"87% of CEOs in Michigan expect a weaker overall state economy looking over the next decade."
Pending
Michigan has an unfunded pension liability of approximately $27 billion, with a significant portion not reaching classrooms.
"We're talking about an unfunded liability of about $27 billion, but a good chunk of that doesn't make it to the classroom."
Correct
Michigan teachers have the 44th lowest starting pay in the nation, averaging $41,645.
"The state ranks 44th in the nation when it comes to starting pay. The average starting salary for Michigan teachers was $41,645."
Correct
The Michigan state pension is funded at 74.83% of its required amount.
"74.83% is adequately funded for what is needed to fund for the entire state pension."
Correct
Michigan's pension system has a $24.4 billion unfunded liability, which is five times the annual K-12 school aid fund contribution.
"The pension system being $24.4 billion underwater is five times the annual K through2 school aid fund contribution."
Correct
Michigan has a $1.3 billion school stabilization fund and $4.46 billion restricted for education.
"the school stabilization fund is $1.3 billion. ... but 4.46 is restricted into education, which I think is good."
Correct
Michigan ranks 49th in population growth, which poses a long-term risk to the state's economy.
"the state is 49th in population growth. That is a long-term risk."
Correct
Total student debt in the US has reached $1.8 trillion, tripling in the last 17 years.
"total student debt in America is at $1.8 trillion. It's roughly tripled in the last 17 years."
Pending
Student loan delinquency rates are increasing and currently stand at 7.73%.
"delinquency rates are rising at 7.73%."
Correct
The current system allows unlimited student borrowing for any degree, regardless of marketability, leading to individuals taking on excessive debt for non-career-oriented pursuits.
"borrow any amount to go to whatever school you want for whatever degree you want. We got people getting both degrees that are not going to translate in the market and they're borrowing whatever it takes to go to the school that has the sports team they care about."
Correct
Michigan aims to grow its population by investing in jobs and opportunities, and has established a Chief Growth Officer position to focus on this strategy.
"We do have an older population in Michigan and I think that's part of why our strategy around investing in people places and opportunities you know that bring good paying jobs is going to continue to be really important but I do have a had a chief growth officer first state in the country to do that. We want to stay focused on how do we grow our population. It's important."
Pending
The speaker predicts a period of increased violence in the coming years.
"I think we're in for a violent couple of years."
Pending
Approximately one-third of Americans believe political violence might be necessary to address national issues.
"Nearly a third of Americans now believe political violence may be necessary to get the country back on track."
Correct
Leaders who incite anger and violence will exacerbate political extremism, leading to its continued growth.
"I think it's really dangerous when we have uh leaders who want to fan the flames of of anger and violence. I think it we'll continue to see it grow"
Correct
Michigan is implementing personal finance education in schools to equip students with knowledge on budgeting, markets, saving, and avoiding debt before they enter college and face financial decisions like taking on credit card debt.
"We had to do it before they head off to college and get that credit card when they're 18 years old and buy a stupid piano. ... So that's what we were trying to do. Give people arm people with information."
Correct
Due to Michigan's Vehicle Franchise Act, Tesla cannot operate as a licensed dealer and must orchestrate sales out-of-state before titling vehicles in Michigan, and cannot own direct service or repair facilities under the same corporate structure.
"Tesla cannot be a license as a dealer in the normal sense with the Michigan Vehicle Franchise Act... the sale is orchestrated out of state and then the vehicle titled in Michigan afterwards and Tesla cannot directly own a service or repair uh faculty in Michigan under the same corporate structure."
Correct