Recent Wirepoints Originals
Illinois owes $68 billion in health benefits to government retirees. Politicians haven’t set aside a penny to pay for them – Wirepoints Special Report
Pensions get all the attention when it comes to Illinois’ collapsing finances. But there’s another government-worker benefit also wreaking fiscal havoc – free and heavily-subsidized health insurance for retired state workers, teachers and community college employees. Illinois owed more than $68 billion in retiree health benefits to state workers as of 2018.
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Chicago, Detroit “least-prepared” for a recession, says new Moody’s report
Moody’s says 23 of the nation’s 25 largest cities are ready for a recession. Two aren’t: Detroit and Chicago.
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“This is about as good as it gets when it comes to the economy and jobs. We’re at a 50-year low in unemployment. This is the moment to get people into meaningful work and off food stamps.” – Ted Dabrowski on Chicago Tonight
Ted appeared on Chicago Tonight this week, saying Illinois has lagged far behind the rest of the country in getting people off of food stamps and that the new federal rules provide a good opportunity to get able-bodied Illinoisans back into the workplace.
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Trump’s new food stamp rules in Illinois: If not now, when?
It’s been nine years since the Great Recession. Stock markets are at all time highs. The national economy is booming. Minority unemployment is at record lows. Even Illinois is riding the nation’s coattails with a record low unemployment rate of 3.9 percent. If Illinois can't help get single, childless, able-bodied Illinoisans back into meaningful work and off of food stamps now, then when?
I’m sure the woke will throw in a $15 per hour, healthcare and mandatory union and residency requirements onto the investors too!
Articale confirms how wildly over optimistic illinois pol think they’ll bring in a year–$60 million & $240 mill from initial licensing?? When new New Jersey has only brought in $13 mill so far this year..or maybe ill pols dont care, they can just throw out some phoney estimate of projected revenue and the let the bond issuance/spending palloza begin!!!
Cook County needs an extra 2% to prop up their criminal justice system? So legalized sports gambling increases the cost of law enforcement? If that’s the case, shouldn’t every county judicial system be reimbursed 2% by the state? Leave it to Cook County to never pass up an opportunity to add a surcharge to the state’s surcharge. What a joke.
Not that I’d ever think that readers here might be familiar with the commonly used, illegal betting sites, but isn’t the vig typically 10%? With those kinds of taxes going to the state, can the state be competitive? Is anybody going to switch to the new, legal places? If anybody knows, help me out on that.
Money grows on trees, didn’t you know? If you tax it, the revenue will come!