Day: January 9, 2014

Econ 101 on the minimum wage debate in Illinois – WP Original

January 9, 2014 No Comments

January 8, 2013 By: Mark Glennon   Last week Bloomberg ran a wonderful article titled ‘Someone please help the New York Times with Econ 101.‘ It should have been directed it to us in Illinois, too.   It summarizes the evidence that, if you increase the minimum wage, you help those who keep their jobs but you also cause others to lose theirs. As a then-liberal-leaning Econ student long ago, it seemed clear to me that it was pretty much a wash and we had to find better ways to help the poor. The evidence and research since then are

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Illinois taxpayers paying billions just to “manage” state debt

January 9, 2014 No Comments

“(Last year) Illinois spent $1.45 billion on its general obligation bonds’ interest alone,” Topinka wrote in the December Fiscal Focus report. “Every dollar spent on interest is a dollar not spent on some other pressing need.” via Illinois taxpayers paying billions to “manage” state debt.

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