Illinois is the second-most corrupt state in the nation, according to the University of Illinois-Chicago. And corruption costs the state economy at least $550 million per year. But the size and scope of government corruption is nothing new for Illinoisans. What is new? Powerful Illinois lawmakers, Chicago aldermen, local mayors and business interests are involved...View Report
The most recent round of city borrowing is a sign of things to come.
State lawmakers and the city of Chicago owe taxpayers an honest assessment. It's a sad state of affairs when we have to get that assessment from a bond guru in Kentucky.
For governments like the ones in Stockton and Illinois, government worker pension plans need ambitious investment returns of nearly 8 percent year in and year out to fund the overly generous benefits officials have handed out