Mark and Ted discuss rising inflation, why it’s happening and where we are headed in Illinois.
Check out these articles for more info on inflation:
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.
fantastic dialogue piece M&T!! Comment #1–So, with inflation at 7.5% (for now) that means Illinois combined pension debt is now $430 bill + 7.5% = $462 bill, increase of +$32 bill !!! (not sure if I got my $ billions right but who can). This inflation pension debt increase coupled with automatic inflation prop tax increase, largely to pay for pensions & salaries for the gov hero class, makes jbs $1 bill temporary tax break a complete (giving trinkets to the Indians) joke. Comment #2–the way out of an inflation death spiral is economic GROWTH ( a word progressive/ fake… Read more »
Your analysis is way too superficial and essentially wrong. The unstated assumption is that literally every public sector worker woukd retire within the same four-five year time span and that each of them would have their highest earning latter years bumped up by that 7% figure, a figure generally subject to variability and not likely true for this select group of workers over the multi-year time period mentioned. You may want to go back to your spreadsheet and create a more likely outcome, assuming that is even predictable at all.
yes, a generalized statement and who knows how many $billions are involved. I was trying to make point that the OVERALL pension debt owed by tax payers increases with inflation by $10s of billions and not that individual retirees get somehow get automatic 7.5% inflation adjusted pension benefit (at least not yet, just 3% compound cola-which is ridiculous enough) which in comparison to jbs $1 billion tax cut is a chump change joke. Stop focusing on yourself, think of us poor taxpayers without gov benefits please.
I’m only focused on your shaky analysis. Give a more realistic one where short-term inflation data are not considerd permanent. It may turn iut your way, but yours is an extremist position.