Posts in category "Illinois politics"

The other Madigan--Shirley--whose time should be up

Lisa Madigan has been Illinois attorney general for 15 years. Her father has been Illinois House Speaker Mike Madigan for 34 years. It’s time for both of them to go. But there’s another Madigan who has “served” longer. Mike’s wife, Shirley, has been on the Illinois Arts Council since 1976 and has served as, its... Read more »

Another scandal: Illinois budget does nothing about biggest problem--pension debt

Funny how so many people are glossing over this scandal: The budget that was crammed through by House Speaker Michael Madigan does absolutely nothing about the outrageous public employee pension debt. All the hosannas about how Illinois finally got a budget after three years are either a sign of willful ignorance or intentional deception. Most... Read more »

The next big Illinois tax increase is waiting in the wings

After the big Illinois income tax increase engineered by House Speaker Mike Madigan, the question that immediately follows is: When will they be back for another tax increase? Because everyone, I mean everyone except the most partisan among us, knows that the 32 percent tax increase won’t be anywhere near enough to solve Illinois budget crisis. The... Read more »
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Moody's: Madigan's tax hike possibly not enough to avoid Illinois junk bond rating

Moody’s Investor Service warned on Wednesday that big income tax increase  engineered by House Speaker Mike Madigan might not be enough to prevent the rating service to send Illinois bond’s spiraling into junk status. In a statement, Moody’s said: The decision to place the state’s ratings under review for downgrade incorporates our expectation that the... Read more »

Senate approves big Illinois income tax hike

Gov. Bruce Rauner has warned that he will veto an income tax hike so the question on this Fourth of July is whether House Speaker Mike Madigan and Senate President John Cullerton can put together a supermajority to override the governor’s veto. Rauner signs it, game over. Madigan, the state’s de facto boss, has won in... Read more »

So, what now Mike Madigan?

House Speaker Mike Madigan got his big income tax increase through the House, but what now, Speaker Mike? Aside from any question of whether it will survive a promised veto by Gov. Bruce Rauner, what comes next? By wide agreement, this income tax increase will not dig into Illinois’ huge debt–the billions and billions owed... Read more »
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Ah ha! Mike Madigan's budget is $5 billion out of whack

The reporting on the Illinois House Speaker Mike Madigan’s bogus budget passed on Friday by the House doesn’t seem to emphasize what needs to be emphasized: It is $5 billion out of whack. A $5 billion deficit violates the Illinois constitution’s requirement for a balanced budget. It does nothing to get the bond ratings services... Read more »

Tick tock, waiting for Mike Madigan's "compromise"

Breaking News Democratic House Speaker Mike Madigan is congratulating himself and the bipartisan legislators who voted for his budget today for their “good work.” (See updates from Capitol Fax.com) But what’s in the budget? Democrats are denouncing Republicans in the U.S. Senate for drafting their compromise health care reform “in secret.” So where were the... Read more »

Illinois Comptroller Susana Mendoza warns: "not a penny available for hardship cases"

In August, Illinois will have more court-ordered payments for core and essential services than it have money to pay, according to Illinois Comptroller Susan Mendoza. So what will the courts do? “You can kiss what is left of Illinois goodbye.” What can the courts do? Nut cutting time is approaching.
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Illinois' financial bomb gets national attention

Thanks House Speaker Michael Madigan for making Illinois no longer just a laughing stock but for creating a story line that resembles the world watching  as the Titanic sinks. Here’s one example: “How Illinois became America’s most messed-up state” Here’s another: “No other state has come close to the mess that Illinois is in.” Yet... Read more »
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