Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
14 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 --
Audio and summary 
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.
Best sign up for some insurance on these bonds. They’re going for current year expenses, which is fiscal suicide for any organization. Amtrak tried this once, with the expected results, resulting in massive bailouts from Uncle Fed.
What are bonds rated at? Latest GO I could find are Refunding bonds issued in December for 287 million.
The city of Chicago has lost 48,000 business license applicants since 2005, a 67% drop, with no end in sight; a death spiral for the city, Chicago WILL file for bankruptcy, it’s only a matter of when, not if.
My personal opinion is that the drop in business licenses is only partially due to lost businesses – we see closed store fronts all over the city. But a lot of businesses, especially ethnic businesses, don’t obtain businesses licenses at all. Unless the business accepts EBT or sells lottery tickets or must pay sales tax, they often aren’t registered with the state or state at all. It’s a completely underground separate economy, the black market so to speak.
This story is not going to end well for the bond holders or the taxpayers.
Only winners are the pensioners.
We’re gonna need gobs of GOBs!