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.
Unsustainable.
A problem that was predicted as likely from the moment Tier 2 was proposed.
The solution to which – no matter what it might be – of course being guaranteed to be protected from any future impairment or reduction.
Even if the ‘solution’ also turns out to be a mistake full of unhappy consequences.
When Social Security goes into the tank and reduces benefits, will the “equalization” go away? Perhaps that is the reason for the rush — peg Tier 2 to a current Social Security beneit. Fire fighters have a much greater claim to “hero” status than grocery clerks, of course, but it’s foreseeaable that there will be federal bailouts for all down the line. So much voter self-interest is on the line that every election year will be a Jubilee year and the debt ceiling will be eliminated. High incomes and wealth will be taxed to the max. Importance of public safety… Read more »
And the City still lists a defined benefit pension as one of the benefits for all new hire Firemen and Police.
What is one of the first rules to get out of debt? Stop digging!
The teachers are next.
So much for lowering pension liabilities with the Tier2 pensions.