Changing the repayment plan to one based on flawed assumptions and bad accounting does nothing to shield taxpayers from the risks of an imperfect system.
Responsibility for Illinois’ sorry state of affairs falls at the feet of House Speaker Mike Madigan, Senate President John Cullerton and their combined 80 years in state government.
If state lawmakers fail to pass a balanced budget by a three-fifths majority vote, essential programs will be harmed. But thanks to House Speaker Mike Madigan and Senate President John Cullerton, politicians will still get their paychecks.
Illinois’ tax code stands in the way of the state’s economic competitiveness. The combination of high tax burdens and a poor tax structure contributes to the loss of jobs and investment to other states. From a place of former economic dominance, Illinois now ranks 45th in gross state product (GSP) growth over the past decade...