Posts tagged "indebtedness"

No raise for Chicago public school teachers...

and a tax increase for everyone else. It’s nut-cutting time for Chicago Public Schools. Chicago schools are in such a mess that the options are down to just a few, including, no raise for Chicago Public School teachers and a tax increase for everyone else. Even with that, bankruptcy could well be in the future... Read more »

Maybe we should stone our bankers and politicians too

Apparently we could learn from Iceland, according to Bloomberg News: Icelanders who pelted parliament with rocks in 2009 demanding their leaders and bankers answer for the country’s economic and financial collapse are reaping the benefits of their anger. Since the end of 2008, the island’s banks have forgiven loans equivalent to 13 percent of gross... Read more »

Suburban voters: fix public pensions

Judging by the election results, you might think that reforming the extravagent pensions that public employees receive in Illinois wasn’t high on the voters’ minds. Friends (i.e. those who harvest campaign money from organized labor), especially Gov. Pat Quinn and House Speaker Michael Madigan keep their grip on the top spots. But what hasn’t been... Read more »
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Illinois' IOUs now $5.5 billion

More troubling news on the budget front. Illinois Controller Dan Hynes has issued a new report that Illinois is $5.5 billion behind in paying its bills, Among the creditors are social service agencies and universities. Thanks, Democrats for screwing the very folks you say you care about. 
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