Steven Malanga, George M. Yeager Fellow at the Manhattan Institute and City Journal’s senior editor, joins Ted and Mark to discuss how Illinois compares to other states when it comes to issues like crime, outmigration and pension debt.
Read more about Illinois’ outlier status:
- 2021 Census numbers are horrible for Illinois: Population decline second worst in country, behind only New York
- Illinois pension shortfall surpasses $500 billion, average debt burden now $110,000 per household
- Illinois pols might get rid of Madigan, but don’t expect them to get rid of his machine
- WalletHub, Tax Foundation confirm what Illinoisans already know: they’re overtaxed
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them.