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
Anecdotal but the last 6 months have worse for us than 2002 or 2008-9 and they haven’t even officially acknowledged the recession yet. The Dallas FED service sector survey was negative for the 23rd month in row and last year we had 2 official consecutive quarters of negative growth. It’s a recession, it’s been ongoing and the fact the BLS is fluffing every number each week tells me it’s a monster on par with 08 or worse. But fret not, old pedo-joe has billions for eastern european gangsters, genocidal terrorists states and dead beat borrowers. Keep working tax donkeys.
Yes, remarkably bad macro news this past week. Beyond what you said, consumer confidence and PMI measures way down.
I agree, yet the restaurants are busy, the hotels are full, the checkout lines are long and for the most part, corporate earnings are gang busters. I can’t make heads or tails of the economic numbers and neither can anyone else either. I’ve been a passive follower of economic news my entire life and this time more than ever confuses the heck out of me.
Ditto.
Who would down vote this? A bad economy effects everyone. Even the socialist vermin. Even the parasites of CTU.
You can be sure there are some lefty political staffers and the like who come here and just pound away on the down button.
Compared to the usual racists who call Chicago planet of the apes. We need more racist to upvotes. LOL
Not usual, and he is out of here now.
Racists are just stupid and misguided. But they’re still better than degenerate, mostly evil Democrats. Pretty much everybody is better than Democrats, except Nazis, and right now, the Democrat Party seems to be filled with them!
Hmm.. meanwhile in states with the same national rate of inflation, businesses seem to be doing well. Not so much in CA, NY, NJ, etc. Seeing a pattern?
I’m struggling with car insurance. It almost equals the monthly payment!
I’m no fan of insurance companies but their costs have increased exponentially. There are more uninsured drivers on the road than ever before (aka illegal immigrants), while car accidents and traffic fatalities are at 20 year highs, and used car replacement values are near record highs, and a visit to the ER after a fender bender now costs upwards of $10,000 after the MRI/CT and ambulance. Everything is more expensive so its only logical that your insurance rates would reflect this.
Not to mention the occasional carjacking which rarely gets solved. And those carjackers have expensive tastes.