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.
Seem in violation of federal law which requires creditors, including RIP, to issue 1099-C’s to patients with forgiven debt.
Do we know for sure that these people won’t receive a 1099-c? These people may be in for a bit of a surprise. I agree with you that this should trigger a taxable event although I doubt the people that receive one pay much if any federal taxes.
You’d be shocked how few people pay medical debt. Many people don’t even try to make the payments. And anybody with medical debt on their credit report has income too, enough to not qualify for medicaid, because medicaid doesn’t have co-pays….so they could in theory pay the lab or physican co-pay. But they just don’t. The CFPB estimates upwards of 20% of people can’t be bothered to pay the $50 or $100 co-pay.
EXCEPTIONS to Cancellation of Debt Income: 1. Amounts canceled as gifts, bequests, devises, or inheritances 2. Certain qualified student loans containing loan provisions for cancellation based on length of employment in certain professions for a broad class of employers 3. Certain student loan discharges after December 31, 2020, and before January 1, 2026 4. Amounts received or forgiven under certain student loan repayment assistance programs 5. Amounts of canceled debt that would be deductible if you, as a cash basis taxpayer, had paid it 6. A qualified purchase price reduction given by the seller of property to the buyer The… Read more »
I think they mean gift in the sense of an inheritance, bequest or devise, not a gift from Cook County. At best they could consider it a public benefit which is not considered income, and therefore not taxable.