Governor’s limitless spending habits are wreaking havoc on multiple fronts – Wirepoints joins Tom Miller on WJPF in Carbondale

Wirepoints President Ted Dabrowski joined Tom Miller on WJPF Morning Newswatch in Carbondale. They discussed how the governor’s limitless spending habits – in some cases unchecked by the General Assembly – are wreaking havoc on multiple fronts.

Interest is rapidly accruing on a loan taken for Illinois’ unemployment trust – and so far we’ve heard of no plans from the legislature for paying it back. As the debt grows, Illinoisans inch closer to a slew of undesirable remedies: lower pay rates for the unemployed, reductions in the duration of the unemployment benefits they can collect, and tax hikes for employers who are already struggling to survive under the burdens imposed by the state’s unfriendly business environment.

Also up for discussion this morning was a new report from the Pew Charitable Trusts that Illinois consistently failed to bring in enough revenue to cover expenses in the decade before the pandemic.

Host Tom Miller asks: With so many straws in play, which one will break the camel’s back?

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Paul Boomer
4 years ago

It ain’t fat boys money so he don’t care. Right now he’s saving up some money to buy new toilets in one of his unlivable Gold Coast mansions. JB is another democrap disaster.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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