2025-05-27 Home Front: Politix
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JB Pritzker is acting presidential — too bad his state is in shambles
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[NYPOST] JB Pritzker made headlines when he called for ''mass protests'' against the Trump administration. There's no question, the second-term governor of Illinois is positioning himself for a presidential run, as he crisscrosses the country lauding his time serving the citizens of the Prairie State.
But what he's not telling the crowd about Illinois is precisely what Americans need to know most.
Americans are more worried today about the nation's financial problems than they've been in a decade. A recent Gallup poll found that 81% of Americans are personally concerned a ''great deal'' or ''fair amount'' about federal spending and the federal deficit.
A federal government run like the state of Illinois would do little to quell their fears. Today, Illinois has more than $200 billion in unfunded pension liabilities, with the state's government pension systems hovering around 50% funded. (By comparison, even the most conservative estimates place New York state's pension fund at 99% funded.) It's bad news for pensioners, who live with the uncertainty of not knowing if a retirement check from the state could bounce. It's perhaps even worse news for Illinois taxpayers, who are on the hook for such enormous liabilities.
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Posted by Fred 2025-05-27 00:00||
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Posted by Bangkok Billy 2025-05-27 23:22||
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