There’s no arguing that Illinois is a wreck. But read Gov. J.B. Pritzker's recent pre-budget report and you'll get the impression former Gov. Bruce Rauner alone caused that wreck.
Ted Dabrowski, Wirepoints News
Illinois Gov. J.B. Pritzker got a warning of sorts from Moody’s ahead of his first budget address. The rating agency’s most recent report highlighted the usual crises Pritzker must tackle: ballooning pension debts and chronic budget deficits.
Governor J.B. Pritzker has made his position clear on pensions: No reforms. Not necessary. Just pay them. Nobody in the Democratic party, which holds supermajorities in both the House and the Senate, has voiced any dissent.
While the request is being downplayed as “symbolic,” it reveals just how out of touch education officials are from the realities facing Illinois and its residents, like the state’s crumbling finances, punishing tax bills and the increasing flight of Illinoisans.
A lethal combination of rising property taxes and stagnant incomes has forced many Illinoisans to rethink their relationship with their state. Families have done the math, whether they’re in the struggling south suburbs of Chicago or the affluent North Shore, and they’ve decided to leave Illinois behind.
J.B. Pritzker has staked his run for governor on a progressive income tax, yet he won't say a word about his plan.
One graphic perfectly captures the absurdity of Illinois pensions over the past three decades.
You can trust public pension apologists to deflect any critique that calls out the failure of defined benefit plans. Unsurprisingly, their response to a recent Wall Street Journal editorial highlighting Wirepoints’ research was just that – deflection via misdirection and victim playing.
If you want to understand Illinois’ corrupt budget making process, take the example of how the legislature just “cleaned up” some of its unaccounted-for budget deficits.
Illinois media is widely reporting that no news on Illinois’ budget negotiations is good news – that a quiet battleground in the statehouse means all is well. Especially after a nasty near three year impasse between Gov. Bruce Rauner and House Speaker Mike Madigan.
Glance at the list of the Civic Federation’s Trustees and you’ll see a collection of Illinois corporate titans. Many of the 16 men and one woman are CEOs, heads of private equity, chairs of boards, investors or hugely successful entrepreneurs.
Gubernatorial candidates hurling insults instead of addressing 10 trends driving Illinois towards insolvency
With Illinois’ decline in full display for the nation to see, proposals for fiscal and spending reforms should dominate the campaign and political landscape. After all, virtually every budget and economic trend in Illinois is pointing towards insolvency sometime in the near future.