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Crain's Joe Cahill: "In one of their most audacious power grabs yet, clout-heavy Illinois labor unions are angling for a constitutional trump card."
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
Please pass amendment 1. I want to see the chaos that follows. It’s fun being an outsider that can watch Illinois disintegrate from the safe distance of my Tennessee home.
If Illinois gets too deep in debt I have a feeling that bailouts will be coming its way. It’s for the good of the country HJ.
Bailouts from who the federal government will be controlled by the Republicans come January 2023 no help coming from Washington
No need for bailouts any time soon. Even as bad as Illinois debt is, we are a few decades away from truly needing bailouts. We still have several rounds of tax increases before it will be necessary. When the time comes, voters in other states will be on the hook as well. When it happens, multiple states will come hat in hand. These states will be too big to fail. Everyone will pay regardless of where one lives.
We have recently seen that pumping federal dollars into the economy leads to inflation. And I think you may be correct about other states. CA and NJ to name two If inflation helps all debtors, state and local governments are some of the largest debtors. What better than to have the feds assume all pension and bond debt. If the Dems think that forgiving college debt will win votes, what about forgiving all government-taxpayer debt nationwide? I.e., feds agree to pay off all bonds and government pensions. While we are at it, why not pay off all defined benefit plan… Read more »
All over again!
Democracy has flaws, as we’ll probably see in November. Passage of this amendment will simply increase union bargaining power and they’ll negotiate for more & more and shut everything down when they can’t win. Negotiation is all about power and access to the judiciary and to juries comprised of Illinois voters makes it likely that things will get worse. Illinois is like Venezula in many respects (other than Venezuela has oil). Putin has nuclear weapons, of course, which may give him more power than the public employee unions. He seems to want land and resources while the union only wants… Read more »