Illinois

Illinois’ recovery is still 7 years away

By Michael Lucci
10/07/2014
The Great Recession knocked 500,000 Illinoisans out of work from January 2008 to November 2009, according to the Bureau of Labor Statistics’ household survey. And since then, only 200,000 Illinoisans have gone back to work. This stands as one of the country’s slowest recoveries. As a result, Illinois has 300,000 fewer people working today than...

TAGS: jobs, unemployment

$95 million in hidden spending revealed at College of DuPage

By Austin Berg
10/07/2014
Illinois’ second-largest college was revealed on Oct. 2 to have hidden more than $95 million in spending since 2009, according to data from American Transparency’s openthebooks.com. The waste therein has cost students and taxpayers dearly. Illegitimate spending at the College of DuPage, or COD, included $13,800 in membership dues to a private shooting club for...

Senate Dems live in denial, turn to propaganda

By Michael Lucci
10/06/2014
Denial— a failure to acknowledge an unacceptable truth or emotion or to admit it into your consciousness, used as a defense mechanism. Illinois’ Senate Democrats launched a website called “I Like Illinois.” The explicit purpose of the site, according to their tweets, is to “counter negativity of Illinois Policy Institute.” This purpose is ironic, given...

TAGS: Democrats

Judge OKs Peoria SWAT raid over parody Twitter account

By Bryant Jackson-Green
10/03/2014
If someone made fun of you on Twitter, how would you respond? If you’re Peoria, Illinois, Mayor Jim Ardis, you just pressure the police to raid the prankster’s home; and apparently the courts will back you up. Back in March, Jon Daniel of Peoria created the Twitter account “@peoriamayor” from which he sent out a...

Legislative exemption ignores the real budget crisis

By Robert Steere
10/03/2014
As the state of Illinois moves deeper into budgetary crisis, the people of Illinois are depending upon government leaders to confront serious fiscal challenges with maturity, wisdom, courage and responsibility. The character exhibited by our governor and legislative leaders in this crisis will determine the trajectory of our state for years to come. Focus on...

TAGS: taxes

U.S. recovery jumps forward, Illinois falls back

By Michael Lucci
10/03/2014
The U.S. hit a major milestone in September. According to the Bureau of Labor Statistics household survey, the number of Americans working has finally surpassed pre-recession levels. In addition, the national jobless rate fell to 5.9 percent to 6.1 percent. The number of Illinoisans working, however, is far from recovery. There are now 220,000 more...

TAGS: jobs, unemployment

Workforce shrinks in 9 of 10 metro areas

By Michael Lucci
10/02/2014
Though unemployment rates fell in August for Illinois’ major metropolitan areas, 19,000 workers dropped out of the workforce, according to the Bureau of Labor Statistics. Because of these dropouts, the workforce shrank in every metropolitan statistical area, or MSA, except Champaign-Urbana. Workforce dropouts drive down the unemployment rate because unemployed workers who leave the workforce...

TAGS: employment

401(k)-style retirement plans: a viable alternative

By John Klingner
10/01/2014
Illinois politicians have mismanaged government worker pensions for decades, creating one of the nation’s worst pension crises. Illinois’ five state pension systems collectively have only 41 cents on hand for every dollar they need to pay for future benefits. In the private sector, such a low funding level would mean bankruptcy. Even though politicians have...