by Heather Wilhelm “Britain announced a far-reaching deficit-reduction plan Tuesday aimed at saving billions of dollars over the next five years,” reports today’sWashington Post, “becoming the latest European nation to slash spending amid increased worries about rising public-sector debt.” The austerity measures include $145 billion in cuts to public-sector spending (including a two-year freeze on...
by Kristina Rasmussen The Manhattan Institute’s Josh Barro has an excellent column on RealClearMarkets today in which he explains how Illinois overtook California as America’s least creditworthy state and why our Pension Funding & Fairness Act is a good way back to fiscal sanity: If you go to Sacramento this week, don’t be surprised to hear champagne corks popping and...
by Kristina Rasmussen Another great cartoon from the Tribune’s Scott Stantis:
The Illinois Department of Commerce and Economic Opportunity (DCEO) gave an $83,400 grant to
BillTally provides a window into the cumulative costs or savings present in bills sponsored by Members of Congress.
Illinois state pensions have millions invested in British Petroleum.
A study finds that the Illinois pension system will be out of money by 2018.
The lack of leadership from elected officials in our state reared its ugly head again this week. Illinois will likely be stuck with another unbalanced budget, thanks in large part to two retiring Republican legislators.
Illinois Legislators have the fifth highest salary in the nation.
About that budget proposal from Gov. Quinn...
Cook County health panel has the ability to bring full reform the the County's health system.
Andrew G. Biggs, a resident scholar at the American Enterprise Institute, disputes a recent study that claims state and local government workers are underpaid compared to similar private sector workers.
Is America nearing the fiscal tipping point?
A new study released by the Illinois Policy Institute shows how much money you make doesn't depend on what you do for a living--it depends on who you work for.