Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
2 Comments
Audio and summary linked here.
-- Connecting the dots between our economy, government and business --
A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
A friend sent this article with a note saying, “econometrically, we have a multicollinearity problem here.” (That’s a bad thing, in this case.)
Thanks for the translation … not even DuckDuckGo was willing to come up with a translation for multicollinearity.
Basically, the factors that are driving out migration from Illinois are correlated with each other.
Mark, How many of the blue-state refugees are just baby boomers leaving? I can’t demonstrate with data, but from my observations many of these shifts in workforce participation and housing are driven by baby boomers. My parents are on the tail-end of the boom and listening to them and their friends speak, it sounds like many of them are downsizing here and setting up shop in the Sunbelt. They still want to enjoy summers here and be near grandkids. Florida is just a 3 hour flight away. Chicago and suburbs still attract many BiG 10 alumni and the Millennials will… Read more »