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.
As an accountant, I will say that of course GASB should implement changes that require reporting these liabilities more clearly and openly.
But I will also say that it is not possible that any responsible person is unaware of the unfunded liabilities, even under the current reporting requirements. The problem is not that those in power don’t know there are massive unfunded pension promises. The problem is that they don’t care as long as they get the votes.
Heyjude, the issue that we constantly encounter, even when talking to our allies, is that most people really don’t know the full scope of the problem. They appear on the surface to be in full agreement with us that it’s horrible, but on further discussion it becomes clear that they are still way off. Consequently, their remedies don’t match the malady.
It’s certainly not from lack of information. Even Quinn was discussing it years ago! Apparently the problem is “Innumeracy”, as outlined in the excellent book by that title. Same problem with the disconnect between public perception and actual statistics for Covid.
That book, Innumeracy, should be mandatory in every school.