Illinois is verging on bankruptcy, and Progressive-Democratic Governor JB Pritzker and his henchmen running this Progressive-Democrat-run State want a State constitutional amendment to raise taxes preferentially on the rich—a progressive tax.

Illinois faces a $3.2 billion budget deficit next fiscal year, unfunded pension liabilities estimated from $133 billion to $250 billion, and the worst credit rating of any US state. It has roughly $8 billion in bills outstanding.

They insist that the good citizens of Illinois—and especially the not-so-good rich ones—should pay for this failure to perform, rather than that failure be made good through reallocation of currently collected revenues.  The technical term for that is “spending cuts.”

Here’s Deputy Governor Dan Hynes (D):

You have wide acceptance that Illinois needs new revenue.  If the voters disagree with us in 2020, then we’ll have to explore other revenues.

The first statement is a dubious claim, at best.  The second shows how economically illiterate is Hynes and his Progressive-Democratic Party. He—and they—can’t even conceive of the other side of that coin: that what Illinois needs is less spending.  That what they should be exploring is spending cuts.

1 thought on “Explorations

  1. The greater viallain is the Legislature – and Speaker Madigan, who’s been there driving the fiscal train to the cliff with a wide open throttle.

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