National Public Radio’s Debacle and the ‘Vibe Shift’ – Wirepoints
April 18, 2024
18 Comments
Hopefully, all media will get the message, in Illinois, too.
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Audio – Wirepoints Founder Mark Glennon Interview on Bankruptcy an Option for Illinois – KFTK – YouTube
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Growing property tax burdens make this state unlivable for too many Illinoisans – Wirepoints joins Tom Miller of WJPF Carbondale
April 18, 2024
9 Comments
Ted joined Tom Miller of WJPF to talk about Illinois’ highest-in-the-nation property taxes, why lawmakers don’t want to touch the tax’s cost drivers, just how much Illinoisans’ tax burden has grown over the decades, why Gov. Pritzker failed to meet his promise to reform property taxes, and more.
Illinois education officials keep trying to hide their failures behind excuse of “higher test standards” – Wirepoints
April 17, 2024
8 Comments
Illinois’ dismal education numbers – especially for minority students – are embarrassing to politicians and officials. But rather than admit there’s a problem with Illinois’ education system, they attack the state’s own standards for being “too high,” instead.
Wilmette protects government speech…but not free speech. – Wirepoints on AM 560 Chicago’s Morning Answer
April 17, 2024
4 Comments
Ted joined Dan and Amy to talk about the free speech controversy brewing in Wilmette due to the city’s refusal to fly a religious freedom flag, the city’s left-wing excesses and the growing culture war, the latest money spent on the illegal immigrant crisis, and more.
Chicago Weekly Crime Tracker – Wirepoints
April 17, 2024
77 Comments
Weekly crime statistics from the Chicago Police Department: Report through 4/14/2024.
I’ve been a common sense proponent for filing bankruptcy for years. There’s no way Illinois will ever be able to pay those ridiculous and obscene pensions, never!
The smart people have moved, or are planning on moving our of Illinois.
Once the legislation passes to transfer the teacher pension obligations back to the local school districts, look out! House values will plummet big time.
Hope this helps, and good luck.
Patrick, “Once the legislation passes to transfer the teacher pension obligations back to the local school districts, look out! House values will plummet big time.” How realistic is this to happen? Who would want to vote “Yes” in the IL legislature to force this?
I would guess the teacher unions would fight this tooth and nail. They like the current disconnect with one govt entity paying the salaries and another govt entity paying for the retirement as it’s easier to hide the true cost of the entire compensation package.
At 3:10 you mention unsecured bonds, but aren’t most of them secured by (various) tax revenue streams? And if that’s the case, does that mean essential services get no money while the bondholders get it all?
Some are secured and some (conventional general obligation bonds) are not. You’re probably thinking about municipal bonds for cities and towns, where security is typical. Secured bonds would have to be paid in bankruptcy, but unsecured bonds could get cut. I don’t have a good handle on how much of state bonds are unsecured and how much is secured. That’s very important and I continue to look for a good inventory or list of that.