Illinois owes a lot. But how much? And who does it owe this money to? It turns out that no one knows. According the Bloomberg, even the CFO of the state government doesn't know how much they owe. By the time he gets reports on public debt from stat
The Illinois legislature is in recess right now. Other than disbanding the body, that's the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike.
Unless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road.
Illinois is chasing a moving target as it tries to dig out of the nation's worst budget crisis, and a review obtained by The Associated Press shows $7.5 billion worth of unpaid bills -- as much as half the total -- hadn't been sent to the official
Illinois now has a budget, the first in three fiscal years. An excellent writeup on The Stump entitled Illinois Financial Disaster: Even More Reactions to the Budget explains what passage of the budget does and does not do.
Chicago, Illinois, has a chronic inflated state problem disguised as a schooling problem. In order to eradicate the symptom, Mayor Rahm Emanuel has decided to attack those who suffer from it and not the actual root of the problem -- adopting a class
(Natural News) Although suddenly everyone is aware of the looming financial collapse of the State of Illinois, almost no one is aware of why it's actually happening. And the lying mainstream media -- purveyors of fake news -- won't dare tell y
Ron Paul Talks about trump and Chicago
Total capitulation by Governor Bruce Rauner is in the works. The taxoholics wore him down.
With Illinois facing a Friday night deadline by which it has to come up with its first fiscal budget in three years or face a downgrade to junk resulting in what a policymaker called a "death spiral", another mini drama is taking place in Connect
As if Illinois didn't have enough to worry about...
The reason I'm so much fun at parties is that my idea of a good time is to lecture everyone on cryptocurrency. I can pretty much talk bitcoin and blockchain with Hamiltonian fervor all night.
Bloomberg columnist Barry Ritholtz is a firm believer that government knows better how to spend your money than you do.
Illinois become the first?...(Natural News) For years Natural News founder/editor Mike Adams, the Health Ranger, has been warning Americans that many of the nation's public sector pensions are underfunded by hundreds of billions of dollars and are
What if everyone declared bankruptcy, would that solve all financial woes? Or rather, would it be the ultimate debt bubble burst? Bankruptcy is a "solution" that would become disastrous if everyone were to use it. So can it truly be considered a