"Illinois' chronic structural budget and pension strains will persist long after it spends down $7.5 billion of new federal relief so lawmakers should avoid digging the hole any deeper."
Will be interesting to watch in coming months as are dem machine pols spin same old state debt blame game on rauner, trump, etc while are relatively debt/ pension debt free neighboring states like Indiana & Wisconsin will be using fed ARP $funds$ for new &/or expanded services or even tax breaks while Illinois is forced to use funds to payoff old debts (directly or indirectly–PENSION DEBT for are upperincome state worker heros)…and am sure the dullard Illinois voter/taxpayer, abetted by partisan press, will gobble up the spin as usual…all part of systemic social equality Illinois style
JimBob
5 years ago
Why no mention of the recent criticism of the GASB rules? Why no admonitions to the rating agencies? Who is being alerted or warned here? Might this be a signal to IL and its municipalities to issue-issue-issue?
It really is a puzzle to me how these supposed guardians of the marketplace continue to put lipstick on the pig.
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.
Will be interesting to watch in coming months as are dem machine pols spin same old state debt blame game on rauner, trump, etc while are relatively debt/ pension debt free neighboring states like Indiana & Wisconsin will be using fed ARP $funds$ for new &/or expanded services or even tax breaks while Illinois is forced to use funds to payoff old debts (directly or indirectly–PENSION DEBT for are upperincome state worker heros)…and am sure the dullard Illinois voter/taxpayer, abetted by partisan press, will gobble up the spin as usual…all part of systemic social equality Illinois style
Why no mention of the recent criticism of the GASB rules? Why no admonitions to the rating agencies? Who is being alerted or warned here? Might this be a signal to IL and its municipalities to issue-issue-issue?
It really is a puzzle to me how these supposed guardians of the marketplace continue to put lipstick on the pig.