Totaling the unsustainable tax increases and windfall revenue during Pritzker Administration – Wirepoints
May 26, 2026
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With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
-- Connecting the dots between our economy, government and business --
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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.
Wow! It is almost like the people who might be interested in purchasing Illinois debt, just don’t trust the politicians! Now why would that be?
143 basis points over triple A credit is frankly not, in a rational sense, enough to cover the risk premium of lending to Illinois. Once the federal assistance disappears, Illinois is in real trouble. And the near term political and economic landscape does not bode well for a bailout. But investors are at some level confident that Illinois politicians can continue to shake down taxpayers. Maybe they are “right”. The multitude of regressive tax increases passed since the failure of the progressive tax amendment is evidence of this notion. How ironic. Progressives claim there is no relationship between bond yields… Read more »