-- Connecting the dots between our economy, government and business --
"In Illinois, Gov. J.B. Pritzker just signed a budget that increases spending by $2.4 billion over last year and relies on $5 billion from a nonexistent federal bailout to partially close a $6 billion deficit. Ironically, this continued disregard for basic fiscal responsibility shows why Illinois stands as the best single argument against state bailouts."
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WIREPOINTS ORIGINAL STORIES
Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
27 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades
April 3, 2026
9 Comments
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
WBEZ and Chicago Sun-Times falsely blame Texas Gov. Abbott for 2020 to 2024 surge in Chicago Latino HIV, AIDS infections – Wirepoints Quickpoint
March 31, 2026
11 Comments
Expect no retraction or apology. This what they do.
Debt Matters.
The concept of ‘a bailout with strings’ is fundamentally flawed for there is no meaningful enforcement mechanism(s). Even if the bailout was contingent on the 3 actions mentioned,Illinois and the Chicago Democrats that run the state, with a super majority, have not shown any good faith to resolve the budget and dept problem they created. Look at the recent ‘loan’ Illinois took from the Federal Reserve – there is no enforcement mechanism if Illinois decides to not pay it back – the U.S. taxpayer will have been sucked by Illinois with no recourse. Best not to consider state bailouts at… Read more »
Why should they be bailed out at all?