Wirepoints’ Mark Glennon on AM560: Why We Need to “Relentlessly” Make the Blue State-Red State Case
November 5, 2026
7 Comments
Glennon raised the stakes of the moment in broader civilizational terms: “This election in Illinois is not about the usual pedestrian issues… it’s about nothing less than whether Western civilization survives in our democratic republic of America because [the left], just on the open border alone, will destroy the country, and now they’re bringing in the jihadists, frankly, into the party.” Audio and summary linked here.Audio and summary linked here.
New Trier High School made national headlines nine years ago as a “canary in a coal mine” for political indoctrination in public schools. The canaries lived.
Among the consequences of economic growth that badly lags national averages are billions of lost revenue every year. Yet denial reigns in Illinois, fueling the vicious cycle of demand for higher taxes.
There’s no way this can continue. Any money manager that places such bonds into someone’s passive-investing retirement account is derelict and should be held liable…when they for certain fail.
A city run by crackheads.
The most expensive and worst way to handle this. That is almost always the choice of government.
Next Mayor will have to run on “Bankruptcy now!” motto.
The only reason why Chicago’s bonds aren’t rated as junk at this point is because the rating agencies believe that the Democrats probably will take control of Congress and the Presidency in two years and bail out the city, dollar for dollar.
“Spreading it out over ten years makes it feel like we are now committing the cardinal sin of debt financing an operational need” – A blind-as-a-bat analyst quoted by the Bonehead Bond Buyer
These people are alleged to be experienced and educated financial people though I can’t see any of that in their analysis. It doesn’t feel like anything. It IS paying current operating expenses with long-term borrowed funds. This is fiscal suicide for any organization who tries it.