Wirepoints’ Mark Glennon on AM560: JB Pritzker’s 70-Page Federal Wish List and Why Nobody Asks “How Are We Going to Pay for It?
Governor JB Pritzker’s 70-page federal wish list would cost trillions of dollars, but not a word is provided on that or how it would be paid. Summary and audio linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
Almost $20B from higher than expected tax revenues. Most of this was driven by Bidenflation and the trillions pumped into the economy. Unfortunately, inflation may flatten but prices aren’t going down, so a big chunk of that increased tax revenue is permanent. The trillions pumped into the economy are over though, hopefully for a long time.