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.
According to Angelo Codevilla, while self-identified democrats say the democrat party reflects their values, most self-identified republicans (and independents) say the republican party DOES NOT. The republicans in IL are just Democrat-Lite, so the author’s claim that the pension clause was “bipartisan” is far less meaningful than meets the eye. The orgy of love for bonds can’t last forever. The moment bonds enter a bear market, the rush for the exits should rapidly turn into a stampede and the result will be BONDFIRE. Since money is debt, monetary wealth is nothing but IOU’s. There exist perhaps a quadrillion dollars of… Read more »
When IL defaults on the promises of future cash flows (pensions) to retirees, that is synonymous with defaulting on debt.
Bet me that when that occurs (and it will), defaulting on debt will be a national pastime.