State lawmakers and the city of Chicago owe taxpayers an honest assessment. It's a sad state of affairs when we have to get that assessment from a bond guru in Kentucky.
The fact that the government does not like the consequences of its actions is not a reason to ignore the clear meaning of the text of the Affordable Care Act.
Twenty years of flight have wreaked havoc on state and local budgets, causing an estimated $7.6 billion in tax-revenue losses annually. Any long-term fix to Illinois’ budget crisis must address the state’s out-migration crisis.
There is a silver lining should the Supreme Court rule against the ACA: Illinoisans would no longer be subject to an estimated $6.5 billion in IRS penalties.