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.
Wasn’t it the ratings houses over valuing Mortgage Backed Securities that was one major cause of the housing crash in 2008 and 2009? So, we should believe that this is real and not just a manipulation?
All the pension funds in Illinois should have to invest at least 50% in Illinois bonds. Bonds are considered a safe investment.
Presumably it’s well recognized by most bond holders that there are various degrees of “safe” from perfectly so, likely so, maybe so, down to hope so. What’s your tolerance if you were a bond investor?
I would not put any money into Illinois bonds, not even yours or PPF money. Illinois is a bankrupt state financially and morally.
This is only possible when the rating agencies deny reality. In fact, the same people who are responsible for Illinois’ debt are responsible for the 6,000+ other Illinois governmental entities’ debt, including without limitation the City of Chicago public debt. Credit worthiness appears to be as ephemeral as the next announced financial slight-of-hand. Pritzger has reduced cash flow to other units of government, has not provided audited financial statements for two years, and continues to engage in fresh-cup-move-down financial games. This rating agency is a lapdog for the next bond release as they wink and nod and smirk, paid to… Read more »
Moodys needs to be investigated by the Feds.
As his “balanced budget “ is an accounting lie !!!
Cash accounting vs accrual accounting. Same can be said for the tariffs though. When you’re 36 trillion in debt it doesn’t matter if you took more in last month than you spent. As MsT mentions above the ratings agencies are complicit in this since they are paid for their reviews. My advisors spend all day reading the entire reports, not the summary page.
Right out of the box, Biggie has to shoot his mouth about Bad Orange Man over a questionable upgrade of IL financial status. Who lives in whose head “ rent free “ Lucky? Clown.