Futures Edge Show: Finance Unfiltered with Jim Iuorio and Bob Iaccino The Challenges Facing Illinois with Wirepoints’ Mark Glennon and Ted Dabrowski
It’s no secret the state of Illinois is near and dear to the hearts of podcast hosts Jim Iuorio (@jimiuorio) and Bob Iaccino (@Bob_Iaccino), who frequently reference Illinois’ economy and government throughout the Futures Edge show. That’s why this episode focuses on the challenges facing Illinois and the efforts of Wirepoints, a think tank that provides unbiased analysis and commentary on Illinois politics and finance. Wirepoints’ Founder and Executive Editor Mark Glennon (@GlennonMarkE) and President Ted Dabrowski (@ilpoliski) break down the financial crisis in Illinois, the impact of migration on the state, the role of federal money in undermining federalism, the rise in crime and its connection to equity policies, and the potential for inflation to help address Illinois' debt. The conversation highlights the need for data-driven analysis and the importance of educating the public about the state's problems. They cover various topics, including the financial crisis in Chicago, the impact of migration on voting blocks, the state of education in Illinois, green policies, and the upcoming Democratic National Convention in Chicago. They also discuss Chicago's challenges, such as high crime rates, underfunded pensions, and population loss. They touch on the potential for a federal bailout, the role of unions in negotiating with the government, and the need for disruptive changes in the education system.
Key Takeaways:
Illinois is facing a severe financial crisis, with a significant loss of taxpayers and income due to migration out of the state.
The influx of federal money as COVID relief has provided temporary relief but has also undermined the federalist system and delayed necessary reforms.
The rise in crime in Illinois is linked to equity policies that prioritize the rights of criminals over the safety of the community.
Donations are crucial for organizations like Wirepoints to continue their work in advocating for change and educating the public about the state's problems.
While inflation may provide some temporary relief for Illinois' debt, the long-term solution requires addressing the state's pension crisis and reducing the burden of public sector pensions. Chicago is facing a financial crisis due to high crime rates, underfunded pensions, and the loss of population.
The impact of migration on voting blocks and elections is a growing concern, particularly among the black community.
The education system in Illinois is in need of disruptive changes, such as school choice, to improve outcomes for students.
Green policies in Illinois, such as the Clean Energy Jobs Act, have led to challenges in infrastructure and the allocation of resources.
The upcoming Democratic National Convention in Chicago raises concerns about potential protests and unrest.
Support for independent media outlets like Wireoints is crucial for providing unbiased analysis and commentary on Illinois politics and finance.
Chapters:
00:00 Introduction and Light-hearted Banter
02:00 The Role of Michael Madigan in Illinois' Problems
05:14 The Impact of Federal Money on Illinois and Undermining Federalism
09:24 The Rise in Crime and its Connection to Equity Policies
15:47 The Importance of Donations for Organizations like WirePoints
27:28 The Financial Crisis in Chicago
32:46 Disruptive Changes Needed in the Education System
34:37 Challenges and Concerns with Green Policies
48:59 The Democratic National Convention
53:42 Supporting Independent Media: WirePoints
This episode is sponsored by Mint Mobile.
$15 for your first 3 months. Visit site below:
trymintmobile.com/futuresedge
Produced by Haynow Media