Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
15 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.
And remember, everyone. These rating agencies are all paid for by the City itself for initial ratings plus annual updates. So even when you are on the City payroll you can’t erase the stink on this credit. Does anyone really think even the BBB isn’t bought and paid for?
Resist/Defy
Start up the Speakeasys!
Rating agencies are not your friend. They work for the investors not the taxpayers. They encourage ever rising taxes to support their “marketplace”, a marketplace that trades upon the agony of taxpayers. Budget cutting is averse to both the political class and the bond trading class in Illinois. And by the way Illinois will never, ever be junk. Simply because rating agencies and politicians collude to keep the bonds investment grade yet yielding the highest possible rates, creating more misery for us. None of this Ponzi ends until the day bondholders take a haircut and the rating agencies are class… Read more »
Junk, Junk, Junk.
Only way out is to Raise Taxes big time for a long time.
Pensions are crushing every Schitty in Illinois.
This pertains to Rockford. U.S News came out with a newly expanded top 150 best places to live up from 100. Rockford came in #134 bad news Flint came in a notch better at #133. Rockford is also the 14th most dangerous but Flint is the 25th. Rockford is also in the bottom 25% in 13 categories one of which is crime per 100K people. Mark or Ted- Would it be possible to have an odds and ends category where commenters can speak about stories not related to any particular report but still about what is going on in their… Read more »