"Detroit’s experience is a valuable window into what hitting financial rock bottom — and using that as an economic reset — could look like." 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.
In short, stop digging and bankruptcy ASAP!
Ok, fine, but it’s not 2008, BO was in office helicoptering money to solve every crisis that popped up; particularly where he could pander to his base, those days (hopefully) are over. What that created is the Moral Hazard we see today throughout Blue cities. Bessent and Trump know that and are not going to continue to allow it to go on, they know it’s destroying affordability in this country. There’s going to be a rude awakening for the progressive political class…and it can’t happen soon enough.
IDK about Motown, but in IL/ Chiraq when one reaches the basement, it’s time to grab a shovel and dig further down.
Detroit Resurrected is a very good book and is worth reading. There are some good videos on Youtube about the city post bankruptcy. Some are positive, some are positively scary.
The book is very good, but people need to look carefully at the dynamics going on there. It required power OUTSIDE Detroit to sweep in and shove the corrupt local politicians out of the way. It also helped to have art that the city owned and held hostage (remember the “Grand Bargain”?) Also, the prior mayor got federal charges, and other things were going on (not necessarily covered in the book). Nobody is coming in from outside Chicago without corrupt Chicago ties to save Chicago. There will be no “Grand Bargain”. And forget about federal bankruptcy (for now). As long… Read more »