Category: Budget

Hey, Chicagoans, are you ready for a city income tax?

So it has come to this at last: Having exhausted every tax and fee in sight to balance its way-out-of-whack budget, will the city of Chicago, out of desperation, turn to the only new one left: a city income tax? Chicago Mayor Lori Lightfoot didn’t mention an income tax in her 6,238-word prepared budget message Wednesday, but... Read more »

Mayor Lightfoot is THINKING about cutting workers

She should have been thinking about trimming the city workforce six months ago. No, actually she should have been cutting city workers six months ago. That sounds harsh, but consider, so many government workers have been getting full pay for months, while private sector workers have been laid off, suffered from reduced hours and generally have... Read more »

A primer for idiots who refuse to understand Illinois' money crisis

Leslie Munger, former Illinois Comptroller in “Cooking Up An Illinois Budget Disaster,” tries to get through to the blockheads who seem comfortable with the direction that the state is heading: a financial boneyard. Or the partisan politicians and journalists who try to ignore the hell that awaits. In the simplest “kitchen table” terms, she describes... Read more »
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Here's $52,000 that you didn't know that you owed

You haven’t received a bill for it, so it’s invisible to you. No one will be knocking on your door or grabbing your wages to collect the $52,000. Nevertheless, the debt still is yours. It’s what every taxpayer in Illinois would have to cough up to pay off the state’s bills. The latest figure comes from Truth in... Read more »

'How do you solve a problem like Illinois?'

Gov. Pritzker and the rest of you head-in-the-sand Democrats might want to take a look at a view from outside the state about the likelihood of American taxpayers coming to the rescue of your pathetic state. I recommend “How do you solve a problem like Illinois? by Charles Fain Lehman. It’s a great step-back-and-look at the intricate... Read more »

Thank OpenTheBooks.com for exposing the coronavirus and other money-grabbing

Based in the Chicago area, OpenTheBooks.com is a leading unmasker of how government at all levels wastes your taxes on useless, stinky, misguided and suspect stuff. Its motto is “Every Dime. Online. In Real Time.” Some of its recent work that the not-for-profit itemized: When Illinois asked for a $41.6 billion bailout, it exposed the 109,881 public employees... Read more »
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Illinois taxpayers are NOT required to keep feeding the state workers' pension funds

Why has feeding Illinois government workers’ pensions funds taken precedence over other desperate needs, especially as the coronavirus has added another crippling dimension to state’s already deadly fiscal crisis? Here’s a surprise: Illinois taxpayers don’t have to.  Not even to conform to the state’s constitution requirement that no government worker’s pension benefits can be diminished. No doubt... Read more »

State workers in Illinois scheduled for raise while other workers get fired

Hey, it’s Illinois where the entire governmental apparatus is designed to  form a more perfect political machine, establish special privileges, insure Democratic Party tranquility, provide for the indicted pols’ defense, promote the insiders’ welfare, and secure the blessings of government workers’ unions. Unbelievable, you say? Who would have the brass to do that while so many people are suffering from... Read more »

16 million Americans lose their jobs. But no one working for Chicago will

In one Mayor Lori Lightfoot’s  most staggering promises, she has ruled out layoffs in city government because of the coronavirus pandemic. The Sun-Times reported: “We are not expecting to do any layoffs,” the mayor told a news conference hours before Gov. J.B. Pritzker’s stay-at-home order was extended for another month. “Our economy in this region is... Read more »
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Finally, a fix for Social Security and Medicare?

I’ll believe it when it happens, but amidst all the partisan bitterness handcuffing Washington, there might be some progress. A bipartisan bill, the TRUST Act (S.2733) doesn’t lay out a specific plan to preserve the endangered Medicare, Social Security and other federal trust funds from drying up. But if passed, it would force a long-delayed, bipartisan... Read more »