President Barack Obama promised that he would “not sign a [health-care] plan that adds one dime to the deficit, now or in the future, period.” But according to a new analysis by Republican members of the Senate Budget Committee, or SBC, ObamaCare is now estimated to increase the federal budget deficit by $131 billion over...
Last week the Illinois Policy Institute launched "NoPensionBailout.com," a national project aimed at preventing a federal bailout of state pension debt.
In one of my first media appearances following the tax increases, I noted that the Institute would immediately begin to work on repealing them. Some have wondered if this makes any sense ... Here are some reasons why it does.
by Kristina Rasmussen Illinois’s budget is required to be balanced by constitutional mandate, right? Then why has the budget been balanced only 15 of the 41 years between 1970 and 2010? The last time Illinois had a balanced budget was in 2001. We certainly didn’t have one this year. Charles Wheeler has a great article in the...
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.