U.S. National Debt Soars Past $14 Trillion
The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign that we now depend on...
View ArticleState Of Illinois’ Unpaid Bills Could Total $8.5 Billion By End Of June
We have an emergency, a fiscal emergency. Our state was careening toward bankruptcy, fiscal insolvency. Even in the last couple of months, the situation got seriously more dire. So the governor has to...
View ArticleNouriel Roubini: ‘Highly-Likely Chance We’re Going To Go Over The Cliff’
Last time I mentioned Dr. Nouriel Roubini, a former Treasury official in the Clinton administration who correctly-called the 2008 global financial crisis, he was warning about a slowing U.S. economy....
View ArticleIllinois’ Total Unfunded Liabilities: $275 Billion
The following bit about Illinois’ total unfunded liabilities from a January 28 Investor’s Business Daily editorial was so depressing to read that I originally planned to blog about it much earlier this...
View ArticleWisconsin Cuts Taxes While Illinois Looks To Make 2011 ‘Temporary’ Tax Hikes...
Throughout the years, I’ve known/met a number of Illinois residents who can’t stand Wisconsin. Mostly from the Chicago area, they equate Wisconsin and its residents as being unsophisticated clowns. I...
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