Wirepoints’ Mark Glennon on AM560’s Morning Answer: Illinois Budget’s New Taxes Face Serious Constitutional Challenges
June 12, 2026
2 Comments
Audio and summary linked here.
-- Connecting the dots between our economy, government and business --
A mess of uncertainty and litigation is sure to follow.
With $162 billion more from taxpayers, couldn’t you deliver a few bond upgrades, too
Daaah…in simple consumer parlance, it’s called a balloon loan. You pay a small interest payment for a few years and then you pay off the balance of the loan in one BIG balloon payment…or you do the same thing again thru a refinance plan pushing the payment due date to when you are out of office. Either way, the taxpayer is stuck with the bill.
Someone needs to explain the concept of the use of a credit card to this pin-head. What part of living within your means do you not understand? Apparently all of it. The City and State have plenty of revenue, they of course have a spending problem. Someone needs to cut up the credit card.
He knows, he doesn’t care. He knows he has 2 years max to direct funds to his crowd before he’s voted out.