Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
23 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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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.
I am trying to look at this from a different perspective. Instead of using the term underfunded what about using the term “Defunded” Look at how all the ways this is done. Pension management fees probably totaling Billions over the life of all the funds. Unlimited spiking prior to 2010 without penalties then 6% after 2010 with penalties attached. 3% compounding. Expected fund returns of 7.5 to 8% but rarely attained. End of career advancements and salary spikes. Highest wages 4 out of 5 years to determine the pension but all the lower wage years are just calculated for total… Read more »
It’s just a bunch of Wimpys promising Popeye that if Popeye will buy Wimpy a burger today, Wimpy will give Popeye two burgers next week. Over-and-over. With Wimpy having no real means of ever making good on the promise. But as long as the music is playing, as Charles Prince said, “you gotta’ get up and dance.” When the music stops, everyone will get screwed.