California

Illinois Business Climate Ranks in Bottom

09/20/2011
by Emily Dietrich Yesterday’s headline in the Chicago Tribune, “Illinois Among Worst States to do Business,” encapsulates what’s been on the minds of countless job creators and job seekers across the state. A new study by the Development Counsellors International reports that of the 322 U.S. corporate executives surveyed, nearly one quarter viewed Illinois as having one of...

Mr. Governor, Back Away from the Shiny Trains

06/03/2011
by Kristina Rasmussen Governor Pat Quinn is spending more of your money to study the feasibility of “high speed” rail lines in Illinois. Not daunted by the $8 billion budget deficit he’s failed to balance, yesterday the governor announced $1.25 million to study high speed rail between Chicago and Champaign. Over a billion dollars are already pouring into...

State Sovereignty. National Union.

01/31/2011
If Illinois fails financially, it will not do so in unison with the rest of the country. Will voters from Texas, Florida and the rest of the states send their tax dollars to help? Perhaps the success of "The Mount Vernon Statement" suggests not.

State Sovereignty. National Union.

01/31/2011
If Illinois fails financially, it will not do so in unison with the rest of the country. Will voters from Texas, Florida and the other 45 states send their tax dollars to help? Perhaps the success of "The Mount Vernon Statement" suggests not.

True or False: ObamaCare Will Hold Costs Down

12/31/2010
Chief Medicare Actuary, Richard Foster, testified before the House Budget Committee earlier this week. See what he had to say about two of the main promises of ObamaCare.

Good Ideas from Other States: #1 Reduce Spending

By Chris Andriesen
11/30/2010
by Wesley Fox Over the last two years, many states have faced large budget shortfalls due to declines in revenue and continued spending at unaffordable rates. Some have dramatically cutback spending to balance their budgets, while others have raised taxes. The CATO Institute’s Fiscal Policy Report Card provides an excellent assessment of the responses of U.S. governors...

Some Support Letting States Go Bankrupt

By Chris Andriesen
11/29/2010
by Wesley Fox Illinois along with California have massive budget shortfalls in 2011.  In order to help states deal with budget crises, University of Pennsylvania Law Professor David Skeel argues states should be able to go into bankruptcy.  Local governments have been able to declare bankruptcy in order to settle debts since the 1930s, but states have...