Illinois

The myth of an Illinois comeback

By Michael Lucci
08/24/2014
Illinois is dead last of all 50 states in recovering from the Great Recession – and two economic surveys prepared each month by the Illinois Department of Employment Security, or IDES, and the U.S. Bureau of Labor Statistics prove it. The BLS and IDES surveys track employment and jobs growth in Illinois: both household surveys...

Cubs tarp fiasco a result of ObamaCare?

By Naomi Lopez Bauman
08/22/2014
Forget the Curse of the Billygoat – the spectre of ObamaCare might have embarrassed the Cubs organization just as much as the team’s poor performance on the field. Already running last in the National League Central, the franchise suffered another blow to their ego this week when they allegedly failed to staff enough grounds crew...

Union waste and pay raises cost thousands of government workers their jobs

By Paul Kersey
08/22/2014
Several of Illinois’ most influential government unions are wasting money on overhead and administrative costs. Workers aren’t getting their money’s worth for the dues they are forced to pay. But state-employee pay has more than doubled over the last decade or so, with lax attendance rules that actually reward workers for showing up late to work....

Illinois a terrible hostess: Twinkies leave the state

By Austin Berg
08/22/2014
Hostess Brands LLC announced on Aug. 20 that the Illinois bakery where Twinkies were first invented will close this fall. More than 400 workers will be affected by the shuttering of the company’s Schiller Park location in October. Sadly, this isn’t surprising. In 2012, Hostess closed three bakeries nationwide after a massive union strike, high...

TAGS: jobs, Twinkies

Free to care

08/21/2014
Laura and Sandy are small business owners in downstate Illinois. Because they receive state aid to care for low-income children, Laura, Sandy and 50,000 other Illinois day-care providers like them were forced by the state to join a union and pay dues. But in June 2014, the U.S. Supreme Court issued a groundbreaking ruling in...

Why Illinois is running last

By Michael Lucci
08/21/2014
Illinois’ 2011 income tax hike put the brakes on the state’s private-sector jobs recovery. According to data from the Bureau of Labor Statistics, Illinois’ monthly job creation has slowed down since the state’s historic 2011 tax hike. Meanwhile, the rest of the country accelerated its jobs growth. Job losses from the Great Recession began for...

TAGS: income tax, jobs

Arizona firefighters fight for retirement security

08/20/2014
Given they depend on the nation’s worst-funded pension systems for their retirement security, Illinois’ government workers may want to take a look at how a group of Arizona firefighters are responding to pension-fund problems of their own. Arizona’s firefighters fear that out-of-control pension costs could bankrupt cities in Arizona, resulting in cuts to pensions like...

TAGS: Bryan Jeffries, Chicago, pensions

Audit of Illinois’ Medicaid program reveals gross mismanagement

By Naomi Lopez Bauman
08/19/2014
According to a federal audit released Aug. 18, Illinois’ Medicaid program routinely over-estimated the amount of funds it needed from federal coffers to the tune of nearly $1 billion from 2010 through 2012. Over that three-year period, the state would spend the Medicaid money elsewhere and was slow in repaying the federal government, costing federal...

Illinois businesses burdened by much more than taxes

By Naomi Lopez Bauman
08/19/2014
A recent study of the business tax burden in the 50 states and District of Columbia ranks Illinois as 27th in the nation. Portrayed as being “not so bad” in the media sheds a lot of light on Illinois’ current economic position. But while Illinois ranks in the middle of the pack for business tax...

TAGS: taxes