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.
What a mess, and an example of city, McPiet agency and state leader incompetence. All they are doing here is making the bond holders wealthy, and soaking us taxpayers by never paying down the principal of the loan. Most don’t understand that “capitalizing” the interest means not paying the interest payment, and adding it to the principal. Plus everyone outside the city should be pleased that the state (that means people in the suburbs and downstate) guarantee these garbage bonds, and will likely have to step and make $300m to $450m in payments each year as Chicago implodes. Yeah Chicago,… Read more »