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PI Original
by Josh Kalven
12:53pm
Thu Nov 13, 2008

Number Of The Day: 4,000,000,000

That's the dollars-worth of oustanding state bills that Comptroller Dan Hynes cannot afford to pay at the moment.  He thinks this figure may reach $5 billion by next year. From the Tribune: [Hynes] said the backlog poses a "serious danger" to health ...
PI Original
by Adam Doster
6:01pm
Wed Nov 12, 2008

Rep. Davis: Obama Must Put People To Work

To succeed as President, Barack Obama is going to have to help revive the American economy. That's the issue that dominated the campaign, especially the last two months, and it's what voters are entrusting him to do. We've already blogged at length about the importance of ...
PI Original
by Angela Caputo
4:25pm
Wed Nov 12, 2008

Countrywide Accord Paves Way For More Loan Remodifications

Last month, Illinois Attorney General Lisa Madigan won a lawsuit that forced Countrywide Financial to establish an aggressive loan modification program to help an estimated 21,000 people in Illinois facing foreclosures.  At the time, she described it as a "model that ...
PI Original
by Angela Caputo
10:48am
Wed Nov 12, 2008

A Growing List Of Reasons For A Progressive Income Tax

Over the course of the year, we've repeatedly pointed out that adopting a progressive income tax structure -- in which high-earners are taxed at a higher rate -- would do wonders to stabilize Illinois' flagging economy.  Here are a few reasons why: schools could be ...
PI Original
by Angela Caputo
2:57pm
Tue Nov 11, 2008

Growing Green Collar Jobs

It's taken a devastated economy and years worth of job losses to get here, but politicians, business owners, and everyday Americans seem to finally be joining the conversation about how creating "green-collar" jobs is key to repairing the nation's economy...
PI Original
by Adam Doster
1:36pm
Tue Nov 11, 2008

Revenues Low, Need For Stimulus High

Angela highlighted it in the Early Bird, but it's worth emphasizing how little tax revenue the state is actually collecting. Since July, each of Illinois’ key revenue generators --  the individual income tax, corporate income tax, and sales tax -- have come in far below ...
PI Original
by Adam Doster
10:31am
Mon Nov 10, 2008

Obama And The State Economy

Like most Americans, members of the Chicago City Council were thrilled by Barack Obama's victory last Tuesday. Not only was it gratifying to see a biracial Chicagoan ascend to the highest position in American politics, but the aldermen also expressed hope that in true Chicago ...
PI Original
by Adam Doster
5:07pm
Thu Oct 30, 2008

Hare: Don't Tie Stimulus To Colombia Trade Agreement

If the Democrats decide to push for a second stimulus package during the upcoming lame-duck session, House Speaker Nancy Pelosi and company might throw in a few sweeteners to build bipartisan support. While the House Republican proposal amounts to nothing more than an ...
PI Original
by Adam Doster
4:18pm
Wed Oct 29, 2008

GOP Proposal Stimulates The Rich

Yesterday, House Minority Leader John Boehner (R-OH) unveiled his own version of an economic recovery package, one that attempts to draw a contrast with the proposal favored by House Democrats: Boehner’s plan, some components of which are also proposed by Republican ...

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