It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
55 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
Taxpayers would pick up half the tab for Bears’ lakefront stadium, sources say – Chicago Tribune/MSN
The Chicago Bears have a $4.6 billion plan for a new enclosed stadium and lakefront area, half of which would come from taxpayers, sources said, but the team will have to overcome serious skepticism. All levels of government are facing financial cliffs in multiple areas — pensions, transit and Chicago Public Schools —with the end of billions of dollars in federal COVID-19 pandemic money. SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
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Twelve Illinois Congressmen vote against bill to give federal custody to non-citizen defendants charged or convicted with assaulting cops – Wirepoints Quickpoint
May 17, 2024
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The bill passed despite their votes in response to certain incidents where local prosecutors are thought to have been too lenient with non-citizens assaulting cops.
The Chicago Teachers Union Plays Hooky – Wirepoints in the Wall Street Journal*
May 17, 2024
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The Wall Street Journal Editorial Board cited Wirepoints’ analysis of Chicago student proficiency data in their latest piece condemning the Chicago Teachers Union’s outrageous contract demands…all while a vast majority of Chicago’s children graduate unable to read at grade level.
Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale
May 17, 2024
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Ted joined Tom Miller of WJPF to talk about the details of Gov. Pritzker’s proposed $52 billion budget, why the state is struggling now that federal covid dollars have run out, the controversy surrounding Tier 2 government pensions, why Illinois’ expensive education system fails to teach children to read, the outrageous demands of the Chicago Teachers Union, and more.
Public education staffing has ballooned over the years…yet kids still can’t read – Wirepoints on with Jeff Daly of WZUS Decatur Radio
May 17, 2024
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Ted joined Jeff Daly to discuss how politicians can never spend enough on education despite there being no accountability for that spending, the growth of education staffing across Illinois, Mayor Brandon Johnson’s $1 billion demand for Chicago schools, why Gov. Pritzker is providing $830 million in taxpayer subsidies to struggling EV carmaker Rivian, and more.
Come on elected officials, please do this correctly – This just needs to be Private finding. If the stupid Bears want a new stadium (tax payers still owe $600M on the existing one), raise the funds from your billionaire pals and get it done. Billions in Public money spent by a broke state government does not work. It doesn’t work for illegal immigrants, wasted on 852 public school districts, 7000 unique taxing bodies in Illinois (#1 in the nation) or for this stupidity. The remodel of Soldiers Field back in 2002 the tax payers borrowed $390M. 22 years later, the… Read more »
Yes, who is going to pay for this latest pie-on-the-sky is a big concern.
What’s being overlooked is the loss of green space and lakefront.
Obama took part of Jackson Park and now this stadium deal will further diminish green space for Chicago citizens and visitors.
Will the pillaging of Chicagoan’s lakefront ever end?
Let’s let the people who pay the bills, our taxes, vote on this sh… . The current taxes on hotels in Chicago is not covering the debt.
The so called Illinois sports authority comes to the state, us to cover the debt.
This sh.. has to stop. If the bears want to leave go, please. How about them White Sox
Leave please.
With the pensions and schools draining our
Wallets we don’t need this. Any politician who votes for this should be voted out of office immediately, enough of them lose office they will learn.
More chgo BS…..rob the taxpayer
Why would any clear thinking person give $2 billion to an organization with that track record? Also, the point made about the looming end of Covid dollars, and the corresponding fiscal cliff, are spot on. Why does the economy keep chugging along? Because the awful Biden administration wasn’t going to have the great recession hit during an election year. So Joe and the gang sent out trillions, and had the gall to name some of it the “Inflation Reduction Act”! Joe Biden will hold the title of worst president in American history very soon. Simply atrocious.
There are several egregious errors in the story about the Bears stadium:
Well it seems that the Illinoisian’s and their elected officials are exploring another new avenue to spend tax dollars once again. Interestingly enough though the commentors that are against the pension issue seem to be reticent on this spending issue. Oh well it seems that some spending must be better than others even though the State is broke but what the heck…we can always hike property taxes.
Wirtz & Reinsdorf built United Center with private funds and paid it off in around 7 years. No reason Bears can’t develop private funding. They could sell the property in Arlington Hts to help pay for new stadium. But they seek property tax cuts for that property, which they will likely find….private funding….to develop. Let them pay for the infrastructure needed too.
Wrong, private sector has plenty of money. Owners are billionaires.
It is a terrible thing to do. Probably will happen because government almost always makes the worst choice for the taxpayers.
Waste of money