Ted explained to Quaid of WTAD why Gov. Pritzker’s claim of a “balanced” 2020 budget is bunk. Lawmakers are only contributing what they want, not what the state’s actuaries say is the responsible amount.
“Illinois did not end up with the nation’s worst pension debt by being honest about its budgets. It did not end up with the nation’s worst credit rating by being honest about its debts” said Ted.
Interview starts at 8:20.
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.