A new report by the Joint Economic Committee, or JEC, provides even more evidence that the federal government should never bail out state pension debt. Here are just a few of their findings.
Last week the Illinois Policy Institute launched "NoPensionBailout.com," a national project aimed at preventing a federal bailout of state pension debt.
After nearly a year of collective bargaining and a seven day strike, you have reached a tentative agreement with the Chicago Teachers Union.
For the third straight month, Illinois' unemployment rate climbed. More than 9.1 percent of Illinoisans are now unemployed, a full percentage point higher than the national average of 8.1 percent, according to the Bureau of Labor Statistics.
All across the country, states are grappling with pension funds that are massively underfunded. Under new accounting rules, Illinois’ unfunded pension debt stands at a whopping $209 billion. And that’s not counting the debt for retiree health insurance, pension bonds or all local retirement debt. Recent calculations have put the total level of states’ unfunded pension...
Rahm Emanuel famously argued that
The Illinois Policy Institute launched
A few parting observations, lessons to be learned, and things to watch in the future: Any positives in the contract? Yes, but… It is hard to find positives in the contract, but for what it’s worth: Chicago had one of the shortest school days and years in the US. The school day is a bit longer and...
Bailout of state pensions would force taxpayers in prudent states to pay for fiscal irresponsibility of Illinois, California
U.S. Sen. Jim DeMint (R-South Carolina), the Senate
Sen. Jim DeMint (R-S.C.) and other conservatives said today that it would be a mistake for the federal government to consider bailing out states that are in danger of defaulting on massive pension liabilities.
John Tillman appeared in-studio with Varney & Co. on Fox Business to discuss the agreement reached between the city and teachers.
A specter is haunting Illinois
Institute Experts on the Chicago Teachers Union Strike A meditation on the Chicago Way The CTU strike has ended and a lot of people are asking: “what happened?” Five things you need to know about Chicago Public Schools Five critical facts to keep in mind during the CTU strike. Cheat Sheet: Chicago Public Schools A...