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.
They talk about dedicated revenue streams not being subject to impairment in bankruptcy, but I thought the Puerto Rico reorganization had cast that into doubt.
That decision on Puerto Rico actually only pertains to payments during the pendency of the proceeding, which is why we haven’t written about it much.
Nice, it’s finally starting to happen, the only thing that will stop the madness. The bond holders need to suffer, they need to lose their shirts, big time, to the tune of maybe a dime on the dollar. This will finally teach the market that they can’t come in here, have their paid raters like Moodys go convince elected officials to raise taxes, then turn around and rate the very thing they manipulated and colluded with pritzker on. Illinois and Chicago need to become such toxic investments that stops the flow of borrowed money, so the only choice is to… Read more »