Illinois Credit — Worst in the Nation

Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session. Standard & Poor’s...

Newton CT – Day 3

I wrote something short on the Facebook page of an old friend who called for more “gun control.”  He wrote back.  I wrote this response.   I actually live on the “West Side” near [omitted.]  My first comment on the Newton matter was to...

IL Voters in 10 counties Want Concealed Carry

Residents in some Illinois counties sent a message to lawmakers this week: Give citizens the right to carry concealed weapons. Measures supporting concealed carry were on the ballot Tuesday in at least 10 mostly rural counties — Adams, Bond, Henry, McDonough, Mercer,...

Mike Madigan: Speaker King

Democratic Speaker Michael Madigan has many advantages as he tries to extend his nearly uninterrupted three-decade control of the Illinois House. His Democrats have more campaign money. His party has home-state President Barack Obama to drive the vote. Perhaps most...

Pension’s Rate of Return Plummets to 0.76%

This sounds like a problem: The pension fund for most public school teachers in Illinois generated just 0.76 percent in fiscal 2012, a big drop from the 23.6 percent rate of return in the previous fiscal year, the Teachers’ Retirement System reported on...