-- Connecting the dots between our economy, government and business --
The state should implement long-term saving measures, such as a spending cap. Under such a cap, annual spending cannot increase more than the 10-year average growth of the state’s nominal gross domestic product. That way, increases in spending are tied to growth in the tax base, which could mean limited tax increases.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
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.
Everybody needs a side hustle these days, and mine is Ukraine, where I am now.
Summary and audio linked here.
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Audio and summary
Funding all the illegal aliens costs a lot. That’s on top of the unearned, and unwarranted largesse for public unions. It’s an enormous, growing, unproductive burden for a ever shrinking tax base. And Pritzker and Democrats are hell bent on only doing more of the same. Look no further than the robbing of the road and bridge lock box funds from gasoline taxes to bailout the failing Chicago transit, w/o requiring a single reform. None of the negative trends will change. In fact they may accelerate.
Do our taxes go down when the economy stinks? We are all due for a big refund then.
With the job losses each year our GDP should also go down. Will decreases also coincide with spending ?
IL Democrats do not know about the concept of spending control and cuts. They only know about irresponsible tax and spend policies.
But it will never happen, next term Pritzker will raise the state spending another 20% like he has consistently with each of the last two terms.
Sounds good to me.