Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
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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
Right Fitch, send them a stern letter, that will teach them. Watch Fitch next demand a total screwover of the taxpayers in order for the pols to “earn” a better credit rating. This is how the scam works with raters, make it look like they are so concerned, then in the back office trade the people’s homes and income as collateral to keep the ponzi going with a non junk rating.
Can’t say I disagree. These companies are gutless. Investors clearly cannot rely on their ratings.