The Grumpy Economist: Electoral College

A good defense of the college from somebody who was on the record about it before this election: It forces candidates to attract geographically dispersed support. Moving a swing state from 45% to 55% is much more important than moving a solid blue or solid red state from 75% to 85%.

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Illinois Ranked as One of the ‘Worst States’ for Your

“If you’re thinking about moving to the Midwest, think twice before moving to Illinois. It might be difficult to succeed financially here. Due to a variety of factors – including its high unemployment rate – Illinois is one of the worst states for families who want to live a richer life.”

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Illinois tax credit program Edge is dying – Crain’s

In the latest casualty of Springfield’s bitter budget wars, the state’s Edge tax-credit program will expire on Dec. 31. Gov. Bruce Rauner and legislative leaders have not agreed on a plan to avoid an automatic year-end sunset for it. Efforts are under way to revive the program.

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Most outrageous opinion piece of the year on pensions is from pension executive director today – WP Original

By: Mark Glennon* I must have fallen asleep outside last night in the -12°. I can’t be reading correctly the guest opinion piece in this morning’s Crain’s, “Beware the Siren Call of ‘Pension Reform.‘”  Only cessation of my neurological activity can explain my understanding of it. First, just a little background on the author, which I do think I remember correctly: Louis Kosiba is Exectutive Director of IMRF (the Illinois Municipal Retirement Fund). That’s the pension that is unique in Illinois because it automatically imposes property tax increases sufficient to cover the promises it makes, helping make Illinois property taxes

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