Must Reads for Feb. 17:
Chicago Tribune: All these Quinnidences
Yet another of the governor's tax hike enablers lands, yes, a taxpayer-funded job.
Chicago Tribune: Chicago teachers asking for 30% raises over next 2 years
Documents obtained by the Tribune show that in the face
of Mayor Rahm Emanuel's expansion of the school day, the union has led
with an offer seeking a 24 percent raise in the 2012-13 school year and a
5 percent increase the following year, the net effect being 30 percent.
American Enterprise Institute: Understanding the true cost of pensions
Current public pension accounting rules cause the plans
to promise too much, contribute too little, and take too much investment
risk. To understand the real cost of state and local pensions, we must
turn to market valuation.
Star Journal-Register: Sears lays off 100 at Chicago-area headquarters
University of Illinois economist Fred Giertz said the layoffs were an
embarrassment for the governor, though he said the company’s recent woes
made them necessary.
Must Reads for Feb. 16:
Northwest Herald: Burden shift idea no good
School districts could face a big boost in their share of
payments into the teacher pension system – a system that already is
unaffordable because of the overly generous benefits it pays out. The
state of Illinois helped create this mess. Merely shifting the burden to
local districts isn’t a solution at all.
Chicago Tribune: The Noble rules
So charter schools get targeted with nonsensical claims
like this, that Noble Network is "dehumanizing" students. If these
schools are dehumanizing students, why are students lining up to go to
Peoria Journal Star: Economic viability not out of Illinois' reach
This page is not saying that Illinois should try to
mirror North Carolina. But if North Carolina is what the competition
looks like, it is not out of reach.RealClearMarkets: The state and local pension crisis
Of the utmost importance is preventing the state and local pension
crisis from becoming a further drag on the federal government. Mr.
Obama's budget shows that Uncle Sam is in no position to fund states'
Must Reads for Feb. 15:
Northwest Herald: Anti-transparency bills wrapped in fear and feigned concern for easier swallowing
If you're a politician wanting to help local governments
keep public records private, you wrap your attack in common-sense
exemptions that no logical person would oppose. And through subtlety,
you make people afraid of the Illinois Freedom of Information Act and
you wrap it in that fear as well.
CBS: Chicago called most corrupt city in nation
University of Illinois at Chicago professor Dick Simpson,
who served as alderman of the 44th Ward in Lakeview from 1971 to 1979,
estimates the cost of corruption at $500 million.
Wall Street Journal: Obama's war on school vouchers
The graduation rate for D.C. public schools was 56%, and
it was 70% for students who entered the lottery for a voucher but didn't
win. Because the president's teachers union allies are opposed to
school choice for poor people, Mr. Obama ignores or downplays these
Rockford Register Star: Another first place for the great state of Illinois!
Reason: Obama's fiscal fakery
The new corporate tax rate increases the total percentage Illinois
corporations pay on income, including a separate personal property
replacement tax, to 9.5%, one of the highest in the nation. That makes the corporate income-tax rate in Illinois the
third-highest in the country when combined with an assumed 35% federal
corporate income tax, following only Pennsylvania and Minnesota.
The president's "savings" do not amount to cuts in
overall spending, which would continue to rise every year under his
proposal. Although Obama calls his plan "balanced," following it would
mean the budget never is. Must Reads for Feb. 14:
Wall Street Journal: The Amazing Obama Budget
The political reality of budgeting is that voters should only believe what they can see, which is what politicians are proposing now. Promises of future spending cuts are a mirage. Mr. Obama needs to point to the mirage because his fiscal record is the worst in modern American history.Heartlander: Wyoming's best, New Jersey's worst for business tax climate: report
Illinois dropped 12 places, to 28th place, in the Index rankings, more than any other state. Robyn said Illinois’ 5 percent flat personal income tax is still good compared to many other states, and its sales tax rate is in the middle. These kept the state from falling farther in the rankings, but Robyn warned Illinois’ unemployment insurance, corporate, and local property taxes could drag it down in future.Chicago Tribune: The real discrimination
The Chicago Teachers Union and some local school council members have joined in a lawsuit to try to block Chicago Public Schools from closing and overhauling 17 of the city's worst-performing schools.Chicago Tribune: They get it
Regular citizens have a far greater sense of urgency about this state's problems than their politicians do. We've been trying on this page to raise the urgency in Springfield. A state that hikes taxes and chases away job-creators and still can't balance its books is hurtling to disaster.
Must Reads for Feb. 13:
Chicago Tribune: Why job creators skip Illinois
Business leaders are making decisions today on where to invest in the future. Illinois must act now, with a bipartisan sense of urgency, to position itself for future job creation that is being discussed in board rooms all across this country.Forbes: Don't be fooled, the Obama unemployment rate is 11%
When President Obama entered office in January, 2009, the recession was already in its 13th month. His responsibility was to manage a timely, robust recovery to get America back on track again. What he gave us instead, with his outdated, throwback, Keynesian economics, is the worst economic recovery since the Great Depression.Heartlander: Taxpayers flee Illinois, state loses $26 billion of taxable income
“One taxpayer moved out of Illinois every 10 minutes between 1995 and 2009,” according to the Illinois Policy Institute, and it appears taxes and tax policies are to blame for many of the losses.