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.
Hidden in Bloomberg is some earthshaking news for states, cities, and schools. The CIO of CalPERS who is a Chinese finance expert is planning to go all in with private equity and some other alternative investing because he knows stocks and bonds won’t cut it when CalPERS needs 7% gains. Or to put it simply, there’s no easy solutions for broke states and cities.
https://www.bloomberg.com/news/articles/2020-06-15/calpers-cio-eyes-more-private-equity-leverage-to-boost-returns
https://www.wsj.com/articles/biggest-u-s-public-pension-looks-to-china-for-new-investment-chief-1537376027