Ted was on Black and Right with John Anthony this week talking about the how the Biden stimulus will ultimate force taxpayers in well-run states to pay for Illinois’ self-inflicted crises, how Madigan’s departure might hasten Illinois’ decline because big-spending politicians have more power, and why lawmakers’ failure to pass Pritzker’s $500 million tax hike on businesses is important.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 9, 2026
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Summary and audio linked 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.
If I am a well run state, I opt-out. And if they force me, I really opt out.
Illinois has a bad history.
This is steeped in evil, graft, theft, fraud, corruption and murder.
Al Capone? Gangsters? Remember?
So, Illinois will never rise to any occasion to be worth a plugged nickel.
While you are right to say the state is mismanaged and bailouts would encourage more bad behavior, as taxpayers we should all be encouraging the bailouts since it helps us. If the federal govt. wants to build more f-16 jets for example, they could mandate that general dynamics build the plant in Illinois as opposed to Texas . Great for Illinois, too bad for Texas. Your elected officials lobby and bargain for these things to happen. Running a federal defecit and “giving” it to Illinois to pay bills is what your officials are there for as the system is currently… Read more »
That is a very smart reply.
I say bail out 100% of the 132 billion or whatever it is that Illinois is behind, give them a clean slate and screw the kids, grandkids, and great-grandkids of everyone in the nation.
Why should we begin thinking about fiscal responsibility now? Our parents didn’t seem to mind sucking down the teat of the government pablum.
So, via the Biden election, Illinois has in effect the ability to print its way out of monetary bliss. To be sure other state’s will demand funding too for assorted feel good programs while Illinoi’s money will be targeted for our political leader’s little pets. It is the Illinois way.
Pelosi told all Blue State Governor’s to hold down their economies, do as much damage as you can and when we eject Trump and give you the White House Mrs. Harris we’ll bail you all out.
God I hope I win PowerBall. Myself and my family not only would leave IL, we would leave America. Perhaps a medium yacht and large private island. The federal government is THE issue, so leaving IL isn’t going to save you in the years to come. It is without a doubt sad.
The amount of money it takes is beyond preposterous. The Fed only has so much balance sheet flexibility. I don’t see any outcome working well for any party involved. IL will be forced to default, literally or figuratively. Of course, Chicago is the first domino to fall.
Doesn’t this come down to one simple question for the Dems? Is more important to keep Illinois as a Dem stronghold or risk annoying the taxpayers of other states (thereby risking potential future votes in tight national elections)? How do you think taxpayers in Wisconsin would feel about an Illinois bailout? By saving Illinois the Dems risk losing Wisconsin and possibly other states. A bailout with only Dem votes will provide the GOP a strong issue to campaign on before next election. I still think the best strategy for the Dems is to change the law to allow states to… Read more »
Unfortunately, the GOP is committing suicide right now by alienating 85% of the GOP voters.
I’m only voting in the primaries for Trump Republicans who specifically rebuke the RINOs who slandered Trump. I may not be the biggest fan of Trump but I agreed with nearly every issue. Many others will vote the same way. The 2024 R majority house and Senate are going to be wild affairs.