Tag: Mike Madigan

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 »

What the...? Mike Madigan has raised $40 million?

In 11 races House Speaker Michael Madigan has run in and won, he has raised $40,075,680 in campaign contributions, according to FollowTheMoney.org. On the face of it, this is an astonishing amount of money to be raised for Madigan, considering the fact that he has run those races in an absolutely safe district that he has mapped out... Read more »

Democrat gubernatorial candidate Chris Kennedy on Speaker Madigan: Well. Um. What?

Filthy rich and member of the iconic Kennedy political family (does he have anything else going for him?) Chris Kennedy declared that he’s in the race for the Democrat party’s nomination for governor. It didn’t take long for him to dodge questions about his relationship with House Speaker Mike Madigan–the one person most to blame... Read more »
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Illinois' credit faces a "sort of" do or die moment

Moody’s Investor Service is weighing in again on Illinois financial crisis, threatening another downgrading of its credit rating if it doesn’t do something to resolve its budget stalemate in a couple of months, Reuter’s reports. The credit rating agency said the state is at a “critical juncture,” and failure to reach a budget consensus by... Read more »

This oughta be good: Illinois Policy Institute's documentary on House Speaker Mike Madigan

It’s about time that someone did a documentary on Illinois House Speaker Mike Madigan, the pilot who drove the state of Illinois into a mountain. Now, the Illinois Policy Institute has done it. Check out this trailer: As the Institute notes: Illinois is one of only 14 states without term limits and this documentary highlights... Read more »

Obama's hypocritical endorsement of Juliana Stratton over anti-Madigan Rep. Ken Dunkin

Barack Obama’s endorsement of Juliana Stratton over anti-Madigan Illinois Rep. Ken Dunkin couldn’t be a more obvious demonstration of the president’s hypocrisy. In his Springfield speech last month, Obama spoke about the need for political cooperation with such passion that one might have even believed that he meant it. As NBC News reported: Bemoaning a... Read more »
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Illinois Legislature not the best place to learn how to compromise

Or for learning wisdom. President Barack Obama is meeting today with Congressional leaders, hoping to figure out a way to move forward with the nation’s business. Compromise  and swallowing your pride will be required. So, while most of those he’s having lunch with are experienced hands at lawmaking, of which compromise is an integral part,... Read more »