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Keyword: illinoisdebt

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  • Illinois downgraded: The Deadbeat State gets deadbeatier

    06/01/2017 4:58:06 PM PDT · by Hojczyk · 38 replies
    Washington Examiner ^ | June 1,2017 | Tim Rogan
    Illinois Democrats have ferociously resisted efforts by Republican Gov. Bruce Rauner to cut spending and challenge the state's immensely powerful alliance of unions. And the state Supreme Court has repeatedly spiked even the most modest efforts at pension reform. So the stalemate rolls on. The taxpayers are Illinois' forgotten man. It's not just that they pay high taxes in return for poor services — it's that they are effective feudal servants to the unions. Consider the graph below. It encapsulates the vast discrepancy between what Illinois government workers pay toward their pensions and what private taxpayers pay. There's a simple...
  • California only second in default risk, says investment firm

    12/02/2010 4:52:44 PM PST · by JoeA · 5 replies
    Examiner.com ^ | 12/2/2010 | Joe Alfieri
    Good news for Californians: the state is no longer the most at risk in defaulting on its obligations, according to investment firm Bespoke Investment Group.