More than 50 percent of the state’s $4.1 billion budget for public universities is spent on retirement costs alone.

More than 50 percent of the state’s $4.1 billion budget for public universities is spent on retirement costs alone. From Illinois Policy March 2017   Joni Sorce feels conned. Her daughter graduated from Illinois State University in 2014. They now share more than $60,000 in debt. Sorce’s youngest daughter will graduate high school this spring, …

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Illinois House Committee Approves HB 1785 Falsified Birth Certificates

Illinois House Committee Approves HB 1785 Falsified Birth Certificates Legalizing Counterfeit Birth Certificates Written By David E. Smith This morning, the Illinois House Human Services Committee held a hearing on a highly controversial proposal that would legalize fraud through the alteration of birth certificates by gender-dysphoric persons who wish to have the government reinforce their deceit. The bill passed …

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Interest on Illinois’ pension debt is $9.1B per year

Interest on Illinois’ pension debt is $9.1B per year Illinois isn’t covering the interest payments on its pension debt. Those interest payments total $9.1 billion a year. From Illinois policy March 2017 A golden rule of finance is this: Debt that can’t be paid won’t be paid. Illinois isn’t covering the interest payments on its …

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