"Personal income in California, Illinois and New York declined in 2022 for the first time since 2009 as Covid transfer payments ebbed.... Some states such as Florida and Georgia spent their federal funds on public-works projects. California, New York and Illinois used their allotments largely to cover pre-existing budget shortfalls, boost government worker pay, and bake into their budget new spending obligations. Those will become shortfalls once the pandemic money boom ends. Taxpayers, look out."
Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
What a representation of Chicago’s plight.
The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
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Another good WSJ article on Fed and State overspending.
The Data Prove Government Is Spending Too Much – WSJ
Had the federal government limited the growth in spending to a maximum of the population growth rate plus inflation during that decade, in 2022 the federal government would have spent $1.6 trillion less than it did, resulting in at least a $200 billion surplus. If the federal government had done this over the past two decades, the national debt would have increased by less than $500 billion instead of $19 trillion.
With mortgage rates at 8%, used car rates over 10%, credit card rates over 20%, and home assessments increasing, illegals flooding in demanding free things, you are about to see the average IL taxpayer get even more poor in 2023 and beyond.
But diversity is our strength!
Democrats are largely a cult driven by wokeness ideology, the mask is their talisman, and like Lemmings jumping off the cliff will show blind obedience till they are no more.
Visual diversity only.
It’s only balanced because of the Edgar (Republican) pension ramp. The budget is balanced according to our laws but not balanced according to true accounting principals. Don’t like it? Change the law to require full actuarial payments. Otherwise the voters on both sides of the aisle are complicit in each and every budget.
“Otherwise the voters on both sides of the aisle are complicit in each and every budget.”
Not true.
And that is why Illinois taxes are so high but are not high enough. Illinois could cut spending but the voters of Illinois would not stand for that. Quite frankly Illinois voters love spending especially when it is other peoples money.
“Some states such as Florida and Georgia spent their federal funds on public-works projects. California, New York and Illinois used their allotments largely to cover pre-existing budget shortfalls, boost government worker pay, and bake into their budget new spending obligations.”
Counting down to the launch of ‘all is well’ screeds from Miller-n-Martire –
3….2….1….