The U.S. Census Bureau says 108 million Americans live in households where at least one person participates in a means-tested program. We estimate that 80 million are the primary recipients.... Since the president took office: • Medicaid is up from 46.9 million to 56...
Finance
CTA Scam Sucks Millions in Taxpayer Funds
It is after all the Chicago way. The CTA has potentially inflated by up to $150 million the federal taxpayer money it received since as far back as 1982 by "fraudulently over-reporting" the number of miles CTA buses travel while in service, according to a new report...
U.S. Postal Service is Dying, Why You Should Care
The USPS has been teetering on the brink of bankruptcy. A key reason was a 2006 law that required the postal service to make annual payments of about $5.5 billion for 10 years to pay for future retiree health benefits. ... In the three months that ended June 30, the...
Chicago’s Pension Time-Bomb
While Emanuel can coast for two more years, the city in 2015 is required by law to set aside an additional $700 million a year for two of its four pension funds, all of which are woefully underfunded: That year's budget will include a total of $1.2 billion for the...