Illinois Comptroller Susana Mendoza said with the loan now paid off, Illinois taxpayers will save $82 million in interest payments. “With this early repayment, we take another important step toward restoring fiscal stability and predictability to Illinois. I can’t stand seeing taxpayer money wasted on interest – that’s why paying off this loan early was so important for me.”
Illinois is one big pyramid scheme. They can’t get enough of freebies from the federal government. They hate $82 million in interest, but apparently love BILLIONS in pension debt. Seems as if the priorities are a little out of whack.
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.
Illinois is one big pyramid scheme. They can’t get enough of freebies from the federal government. They hate $82 million in interest, but apparently love BILLIONS in pension debt. Seems as if the priorities are a little out of whack.