Posts tagged "budget"

Chicago's only salvation: A Detroit-like bankruptcy

Wait, I thought only the Republican Party was being torn asunder by a rift between the establishment middle and the fringe. That impression was nailed down, again, last week by the embarrassing fracture among House Republicans over funding for the Department of Homeland Security. But don’t forget last Tuesday’s Chicago primary in which incumbent Rahm... Read more »

Closure of Illinois centers prelude to union battles

What's going on with the Super Committee?

It’s easy to forget that a bi-partisan committee of both houses of Congress is meeting (in private) to figure out how to cut $1.5 trillion from the federal budget. If it doesn’t by Nov. 23, the ax will fall and the across-the-board budget cuts of similar size will be automatically imposed. So, what’s the Super... Read more »

Eric Zorn and I face off on the exploding federal debt bubble

Another in a series of debates between Chicago Tribune columnists Dennis Byrne and Eric Zorn. Resolved: What should be cut from the federal budget to reduce the debt? From Dennis, to Eric: We’ve lived through the devastating bursts of the housing and bubbles. Now, welcome to the debt bubble burst, the wrenching end of... Read more »

Reid or Boehner plan?

Lack of pay for Illinois regional superintendents threatens start of school

Reports the Illinois Statehouse News: By Benjamin Yount Illinois Statehouse News SPRINGFIELD — Any local school with a new building, new teachers, new bus drivers or even new students may be in danger of missing the first day of school because of the ongoing political fight over paychecks for regional superintendents in Illinois. Because he... Read more »

Thoughts for while Obama and Dems bring down the country

Reflect on these.   1. In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a Congress. – John Adams   2. If you don’t read the newspaper, you are uninformed; if you do read the newspaper, you... Read more »

Chris "tingle" Matthews meets his match

The MSNBC talk show host probably thought that Freshman Rep. Joe Walsh (R-Ill.) would be easily humiliated and bullied, Matthew’s usual interview approach. Walsh gave as good as he got.

Obama threatens seniors and veterans; leaves out kids

As negotiations over raising the federal debt ceiling, cutting the budget and increasing taxes comes down to the wire, President Barack Obama thinks he might have to stiff social security recipients and veterans. He said in an interview: “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue,”... Read more »

Republicans, call and double down Obama's deficit reduction bluff

Even while deficit reduction talks continue between the White House and congressional leaders, Democrats and Republics, pundits already are awarding victory points for President Barack Obama’s challenge to do a really big deficit reduction deal. “If not now, when?” he asked at his press conference today, when he made it appear that Republicans were backing... Read more »
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