Ted was on the Coffee and a Mike podcast earlier this week discussing the highlights of his recent articles No shame: Illinois set to borrow from Fed’s “lender of last resort” facility a second time. and A preview of Chicago’s 2021 budget: more taxes, phantom savings and no reforms.
Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
10 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Audio and summary 
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.
Years ago I had a friend that would always “Borrow Money” and never pay it back.
How many years do you think it’ll take before no services in Chicago with increased taxes? = riots, duh – or tax revolt
INCOMPETENCE + CORRUPTION = BANKRUPTCY
CHICAGO AND THE STATE OF ILLINOIS.
Hmm it seems like your blog ate my first comment (it was super long) so I guess I’ll just sum it up
what I had written and say, I’m thoroughly enjoying your blog.
I as well am an aspiring blog blogger but I’m still new to everything.
Do you have any suggestions for first-time blog writers?
I’d certainly appreciate it.
Great talk Ted. All these feel good lefty’s can’t run from the facts. The numbers don’t lie (unlike JB). Everyone is going to suffer greatly the more these Pols wait and it will be mostly the pensioners. The average pensioner needs to understand how bad their management has failed them, cause the pension is a promise motto won’t get you very far!!!
They are in Deep Schitt.
JB is really counting on a bailout. It is disgusting.
I love it because for all the problems he and his ilk have caused, the sweetest revenge will be seeing him shittin’ his pants as the results come in on November 3rd, Trump flushing that fat ass down the toilet.
I agree, this is just absurdly handled. Past Illinois administrations looted a rich system to fund their own corruption and the only way to dig out has been stymied time and again. Now the only solution is to ignore the future implications and get a bailout.
This would be fine if it did reset the value to zero, but it won’t.
Borrow till you blow up.