4/6/2012
Must Reads for April 6
Featured Letter to the Editor: State, Peoria taking steps to improve transparency
Also, kudos to Sen. LaHood for co-sponsoring SB 3392,
which will require our local governments to post documents on their
Internet sites. This bill will promote the Ten Point Transparency
Checklist, which was created by the Illinois Policy Institute.
Chicago Tribune: Governor, Mayor, "Engage Illinois"
Lessons from "The Little State that Could:" '"This is about math, not politics"
National Review: Why a constitution?
Liberals fear the Court may respect its limits.
Wall Street Journal: The real causes of income inequality
Any analysis of taxes paid in high tax-and-spend countries shows that the U.S. has the most progressive income tax system in the world. Must Reads for April 5
Pantagraph: Vacation? Make sure legislators hear from you
If the Medicaid and pension reform issues aren’t
addressed in a significant matter this spring, two events are virtually
guaranteed to happen. First, the 67 percent income tax increase will
become permanent. Second, the budget cutting for social service,
education, safety and other state services will become more severe.
Heartlander: Study: Choice threaten public school finances
Scafidi analyzed public schools’ short-term variable and
fixed costs. Fixed costs are overhead like buildings and heating bills.
Variable costs such as books and staff can be trimmed more quickly. In
the long run, he said, all costs are variable.
National Review: Obama's America
In essence, the president argued that our country’s
future depends on allowing our government to grow uncontrollably, and
that any attempt to restrain its growth and to keep the size of
government in relation to the economy where it was during the fifty
years preceding his election would be heartless and irresponsible.
Daily Herald: Make transparency a spur to action
In short, we’re all — not just newspapers but anyone
wanting to talk about the issues confounding government — running out of
excuses for not being able to speak knowledgeably and specifically
about the state’s financial condition or the way money is spent in
Illinois. Let’s start using those facts to build a better government.
Northwest Herald: Use reserves to pay off some debt
Taxpayers want their governments to be fiscally sound,
financially healthy institutions. But when they start banking large sums
of money … that’s when people start asking for refunds. After all, it’s
the public’s money, and if anyone’s going to try to come up with
profitable ways to save and invest it, let it be us. Must Reads for April 4
Wall Street Journal: The worst economic recovery in history
Since
the second half of 2009, the U.S. economy has grown at a rate of 2.4%, a
full percentage point below average long-term growth.
Chicago Tribune: White Parthenon grows, pain and despair overshadow Athens
As a weary and frightened people sift the ruins of their economy, Greece's hardship stands as a warning to America.
Chicago Tribune: Teachers and pension cut
In a reversal, Illinois' biggest pension fund says it may have to reduce benefits to today's retirees.
Reason: Americans want more control over their own health care
ObamaCare's popular provisions lose their appeal once Americans are confronted with the consequences.
Huffington Post: Illinois unpaid bills at the center of new transparency site
We all know that the Illinois budget situation is a mess, but lllinois Comptroller Judy Baar Topinka wants us to know just how messy it really is. Must Reads for April 3 Wall Street Journal: What to do on the day after ObamaCare
The
president's lawyer said 'Insurance has become the predominant means of
paying for health care in this country.' But whose fault is that?
Shouldn't we bring the cash market back?
Wall Street Journal: The endless spending spree
America's debt is $15.6 trillion and growing. Instead of raising taxes, here's an idea: Let's try capitalism.
Chicago Sun-Times: Former Oak Brook cop's undeserved pension bonanza
Village
of Oak Brook taxpayers are on the hook for nearly $750,000 in funding
liabilities. In essence, they are paying Sheahan, 59, for work that he
did elsewhere. Featured Letter to the Editor: Wrong again
Illinois has it wrong again with their comical “I’ll gladly pay you Tuesday for a job today” mentality.
Must Reads for April 2 National Review: Yes, we can wait
The idea that federal government’s power should be limited is dismissed as a quaint relic of a bygone age. There are important national problems to be solved, and we should not be held back by a document from the past.
Chicago Tribune: Come off the sidelines
Mad about Quinn's budget cuts? Then demand pension and Medicaid reforms.
State Journal-Register: TRS Director: Retirees might have to take pension cut
In a confidential memo, obtained by The State Journal-Register, the Illinois Teacher Retirement System Director said the state’s largest pension system, which has been underfunded for decades, can no longer be confident that state government will continue to pay it enough money to allow the system to keep treading water.
Huffington Post: Detroit High School protest: Students suspended after demanding "an education"
Among their complaints: a lack of consistent teachers, the reassignment of the school principal, educators who abuse sick time and a shortage of textbooks.
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