California

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...

‘Build America Bonds’ Building Debt?

By Chris Andriesen
11/22/2010
by Ashley Muchow Steve Malanga’s article in the WSJ today covers a topic that is both timely and closely connected to Illinois’s deteriorating fiscal condition. One measure about to reach the lame-duck Congress floor is a call to extend Build America Bonds (BABs)–bonds used by states and municipalities to accrue nearly $160 billion in new debt...

Spotlight on Spending #17: Nationwide Executive Officer Salary Comparison

By Chris Andriesen
11/17/2010
The Problem Previous Institute reports have shown how officials within Illinois’s legislative and judicial branches are paid significantly higher than national averages. Illinois state representatives and senators earn a base salary of $67,836—the fifth-highest legislator salary in the country. Only California, Michigan, New York and Pennsylvania pay their legislators more. Judges serving on the state’s...

Key Facts about Illinois

By Chris Andriesen
11/01/2010
The Problem With its resources, location, expansive farmland, and first-class towns and cities, Illinois should be a leading economic powerhouse in the United States. Unfortunately, thanks to an unfriendly business and regulatory climate, Illinois has been underperforming for years. “Rich States, Poor States,” a comprehensive economic performance index authored by Steve Moore, Art Laffer, and...

Illinois Says Stop Borrowing and Start Cutting

10/06/2010
by Ashley Muchow Pew Center on the States and the Public Policy Institute of Californiareleased a comprehensive study this morning zoning in on the public’s opinion of state fiscal management. The study, Facing Facts: Public Attitudes and Fiscal Realities in Five Stressed States, polled residents from five fiscally distressed states: California, Arizona, Florida, New York, and our very...