Ted joined Brian Costin of Americans For Prosperity Illinois to talk about the impact of Illinois’ grossly unbalanced 2021 budget. The bottom line is this:
This is by far the most irresponsible budget ever passed by an Illinois legislature. It’s no wonder that the words bankruptcy and Illinois increasingly go hand-in-hand.
Lawmakers have run up a deficit of over $6 billion and they’re counting on the federal government to bail out the state. It spends a record amount of money in the middle of one of the worst recessions ever. It offers no cuts or reforms to provide relief to struggling taxpayers.
Instead, it relies on an income tax hike that will burden business and residents while they try to recover from the government-imposed shutdown.
Read more about COVID-19 and the impact on Illinois:
- COVID-19 Peaked In April in Illinois Just When Pritzker Changed ‘Science and Data’ To Say Otherwise
- No cuts, record spending, and hoping for a bailout. Eight things you need to know about Illinois’ 2021 budget.
- Illinois government jobs protected, private sector jobs decimated during COVID-19 shutdown
- COVID-19 spreads to half of all Chicagoland retirement homes. How did this happen?
- Big raises for Chicago Teachers Union, AFSCME shows where federal aid will end up
- Trading at junk levels: Illinois borrowing costs 5 times higher than AAA-rated states
- Pritzker’s overly-restrictive shutdown rules make Illinois a national outlier
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.
I already figured it out a long time ago that I am not a priority. I am just an ordinary Illinoisan.
Raise taxes on the honest Hard working poor taxpayers.
As long as cops, teachers, and firemen can retire at age 45 and live in luxury homes in Florida, everything is okay.
Think you are being screwed?
Its because you are.
Illinois “Land of Slavery”
Can a pdf of the slides be made available as a download?
Nice event.
Agreed, the problem I had was every time I hit pause to view the slides in detail there was a popup of “related videos” or something that obscured the slides.
Hit your print screen button then paste it into Paint.