It shouldn’t have taken a PhD in economics to notice this – Wirepoints Quickpoint
May 17, 2024
57 Comments
What a representation of Chicago’s plight.
-- Connecting the dots between our economy, government and business --
Today, the state and local aid package signed off on by Manchin and Warner is down to $160 billion, appropriated as part of a separate bill that may or may not pass at all, with the main $748 billion plan. In other words, Democrats just agreed to take seven times less than the $1.13 trillion they asked for in the HEROES Act, and about half of Mnuchin’s $300 billion offer in October that Pelosi rejected as “sadly inadequate.”
Comment: Illinois was looking for a much bigger package for state and local government. Illinois' share of this, if done by population, would only be about $6.4 billion.
SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER
FOLLOW US
WIREPOINTS ORIGINAL STORIES
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
10 Comments
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
4 Comments
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
10 Comments
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
No Comments
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.
Ya know, I used to care about doing the right thing, being responsible…yeah…not Anymore…I don’t give a crap about what the Democrats decide to spend to bail Illinois out. The more they pay, the better my house value might be…because the economy looks better in Illinois…till the next crisis hits. Give me a short window of real estate appreciation so I can get out with my skin…
It is inevitable that some kind of state and local assistance is coming, so it’s good that it is a smaller amount. It will never be enough to address the ills of Illinois. You can’t just turn the lights back on and go back to the way things were. Many small business, particularly retail and restaurant, aren’t coming back. The transition from in store to online shopping accelerated significantly over the last 9 months, and that won’t come back either. Thousands of jobs lost permanently. Illinois will be trying to recover for a decade or more.
I have not seen any spending cuts by JB or Lori. As a matter of fact, Lori just borrowed against future pot taxes to avoid cuts. Would not give these clueless and incompetent managers a penny until they get their own house in order. Hope this bill fails.
As are most bills like this, they aren’t any good. The way to help people would have been a direct check to certain industries like restaurants-and just to open the economy. It’s really all we need to do. Masks don’t work. Grocery store and Home Depot workers aren’t dropping like flies. Just open up.
Maybe they’re signing this now only because they feel another relief package is coming in 2021.
The big loser here would be Chicago. Assume the state keeps $5B of that. Based on their share of the state population, Chicago would only get $300M of what remains for municipalities.