Category Archives: Cost of Government

Debt Option #3: Bankruptcy

Posted on January 27, 2019 by WordPress.com Support

BANKRUPT: bank·rupt  /ˈbaNGkˌrəpt/ adjective: bankrupt (of a person or organization) declared in law unable to pay outstanding debts. . By all conventional measures, Illinois is bankrupt. The State Supreme Court would disagree, having said in its decision to strike down … Continue reading →

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Governor, Let’s Work Together On Controlling the Cost of Government

Posted on January 24, 2019 by WordPress.com Support

In his very first Executive Order, Governor Pritzker instructed that: . “Every State Agency shall, within 60 days of the effective date of this Executive Order, conduct a review of (a) all statutory obligations, and (b) all audit findings within … Continue reading →

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Watch Out, Mr. Pritzker. Paying Staff From Your Own Pocket Raises Some Issues.

Posted on January 14, 2019 by WordPress.com Support

It’s been reported that J.B. Pritzker is going to double the salaries of his senior staff out of his own pocket. My initial reaction is to say that it’s his money, and if the process is transparent and fully reported, … Continue reading →

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Debt Option #2: Amend the Constitution

Posted on January 6, 2019 by WordPress.com Support

The previous post dealt with a proposal to address the issue of our debt, laying out a “front-loaded” increase in payments to our pension debt so as to avoid ever-increasing payments due in future years. That post was written under … Continue reading →

Posted in Cost of Government, Illinois Budget, Illinois Constitution, Public Pensions | Tagged , , , | 1 Comment

Debt Option #1: Front-Loading Pension Payments

Posted on January 5, 2019 by WordPress.com Support

Long before I was elected to the House, I’ve been talking about Illinois’ pension crisis (here, here, here and here, to name a few). Since that time, our accumulated pension debt has risen from “just” over $100 billion to somewhere … Continue reading →

Posted in Cost of Government, Illinois Budget, Public Pensions | Tagged , , | 1 Comment