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Taxpayer advocate says pensions are ‘bankrupting’ Illinois

By Steve Tarter: “It’s ridiculous that taxpayers have to work into their 70s and 80s to fund generous government employees, many of whom start collecting pensions in their 50s,” said Tobin, pointing out that…

Bankruptcy for Illinois comes up again: some background

By Mark Glennon: Our view at Wirepoints remains that debate should commence – yesterday.

Illinois Is Better Off Bankrupt

By John Merrifield & Barry Poulson: Unfortunately, the best hope for a failed state such as Illinois is to let the state go bankrupt.

Unsustainable Illinois Govt. Pensions Driving State to Bankruptcy

Editor’s note: If Republicans and conservatives would effectively disseminate this information about these unsustainable pensions, they’d win more elections in Illinois. This is a news release from Taxpayers United of America: CHICAGO — Taxpayers…

How Illinois Courts Are Bankrupting The State

By Omri Ben-Shahar: The Illinois legislature passed a budget, but none of the chronic ills that led to the crisis have been solved.

Two Questions: Could Illinois File Bankruptcy? Why Vote for Tax-Raising Politicians?

Usually the use of the word “bankruptcy” is a negative. Not in this case. It can be a good thing. The news headlines these days should destroy forever the use of the cliché “it…

Puerto Rico’s ‘Bankruptcy’ a Warning to Illinois

By Ted Dabrowski and John Klingner: Illinois needs to enact structural spending reforms to avoid following Puerto Rico down the path to insolvency.

Proposed Casino Legislation Dictates More Bankruptcy & Education Losses for Illinois

By Prof. John Kindt: Lincoln’s premise of “government of the people, by the people, and for the people” has been corrupted into “government of the casinos, by the casinos, and for the casinos”

In Illinois, the Blue-State Model Rolls toward Bankruptcy

How can things have gotten so bad in Illinois government? Here’s another question, the answer to which actually gives you the explanation to why government spending here is so out of control: Why do…

State of Dysfunction: A new report shows how unions and politicians are bankrupting Illinois

A piece in the Wall Street Journal at the end of last week with the above title and subtitle reported more about what we already know—but they got an important fact wrong. The precarious…

State of Illinois: Severely cut spending, go bankrupt, or both (Part 2)

If federal legislation is passed that paves the way for states to go bankrupt, Illinois should be first in line to take advantage. It’s time for our General Assembly Republicans to find a purpose…

State of Illinois: Severely cut spending, go bankrupt, or both (Part 1)

The new year has brought some good headlines despite the bad. For example, there’s this one (along with the sub-headline and opening paragraph): Gingrich seeks bill allowing state bankruptcy to avert bailouts Move afoot…

The “Civil Unions” vote and the bankrupt Illinois Republican Party

Just as we suffered losing another state-level election in Illinois earlier this month, Republican Party Platform supporters may suffer another test if the so-called “civil unions” bill comes up for a vote in our General Assembly….

Illinois Can Be Saved with the Right Leadership

The necessary policy changes are apparent based upon Illinois’ messed up fiscal condition. Unfortunately, too few Illinois Republican and conservative donors fund the work that is required to make those changes politically possible. During…

With Pension Advice Like This, Chicago and Illinois Are Doomed

By Mark Glennon: A pension actuary writing in Forbes this week said exactly what we, too, have long said: I can only repeat again and again: There is no solution to the woefully underfunded…