Sunday, January 27, 2013
Despite 2011's 67 percent state income tax hike — which took a week's pay away from you — the state's financial problems have worsened.
Illinois now has the lowest credit rating of all 50 states. Standard & Poor’s rating services downgraded Illinois’ credit rating last week to A-, with a negative outlook. State Treasurer Dan Rutherford, who blamed the negative rating on inaction on the public pension system by Gov. Pat Quinn and the General Assembly, said Illinois is headed for "fiscal disaster." He said the lower rating will force the state to fork over more money on interest payments. This will affect state universities, road construction and other public institutions because more will go to interest than principal as these projects are paid for. “If you went out to borrow $500 because you have such bad credit, it will cost $95 more in interest than better-rated states…
Saturday, December 15, 2012
The representatives and senators leaving office in January 2013 will see millions of dollars in pension payments, figures far more sizable than they would've seen in the private sector.
Are you worried about your own retirement? With the downturn in the economy, did your 401k and savings take a big hit? If so, you're like millions of other Americans forced to confront a dramatically different outlook for their post-work years. But one group of pensioners is largely insulated from such concerns — outgoing Illinois lawmakers. The retirement benefits Illinois legislators receive are far more generous than those most of their constituents could collect working full-time jobs, reports Scott Reeder of the Reeder Report, using data from an Illinois Policy Institute analysis in a piece published on Watchdog.org. The anticipated pension benefits of the 34 lawmakers who will depart the state legislature in January show these …
Saturday, November 3, 2012
The veteran GOP strategist visits Chicago and touts Romney • Will Illinois Democrats make income tax hike permanent in lame-duck session? • Teachers Retirement System may "bleed out".
Republican political strategist Mary Matalin predicts a 1980 redux on Election Day, with Mitt Romney emerging victorious by 7 percentage points in the popular vote. Matalin, 59, spoke Thursday evening at St. Xavier University in the Mount Greenwood community of Chicago alongside Democratic strategist Donna Brazile, who believes the race will be much, much closer. "Just 2 to 3 points, favoring the president," Brazile said. Matalin and Brazile — who are close friends — went back and forth in a discussion of presidential politics and campaign war stories in SXU's Shannon Center before a crowd of 1,000 people. Matalin, a Calumet City native who says she may never have left Chicago had the steel mills survived, allowed that she might be …
BUTCH
10:18 am on Tuesday, February 5, 2013
Kerry does not have a reading problem,the poor soul has a comprehension disability due to his preferred choices of of Clear Channel Rant radio and watching FOX and friends! Now give us a sample of your literary skills so far your contribution has yielded nothing but negativity and know nothing nonsense! But it is more than expected from a lightweight. more ›