Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
22 Comments
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
-- Connecting the dots between our economy, government and business --
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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.
Lack of an orderly process of managing insolvency (aka bankruptcy) is not protection against insolvency. Furthermore governments have a long history of insolvency — insolvencies accompanied by chaos and tremendous human costs. There is no reason to believe our governments are different. See “This Time Is Different: Eight Centuries of Financial Folly” by Carmen M. Reinhart, Kenneth Rogoff, 2009. Orderly processes now are much better than digging from chaos later.
Anono- Great question, and the short answer is “chaos,” I’m afraid. Maybe I need to do a Part 2 on this elaborating on the scary eventuality.
So what happens when a unit of government starts not paying, getting sued, judgements on it etc?