Truth in Accounting Issues: Pennsylvania’s ‘Financial State of the State’ – True Tax Burden $52 Billion

From the Institute for Truth in Accounting…

Chicago (November 29, 2010) Today, the Institute for Truth in Accounting released Pennsylvania’s “Financial State of the State.” After an intensive review of the State’s 2010 audited financial report the Institute determined the State is in a precarious financial position because it does not have the funds available to pay more than $52 billion of the State’s commitments as they come due. Each taxpayer’s share of this financial burden equals $12,200.

Pennsylvania state law requires a balanced budget. “If governors and legislatures had truly balanced the state’s budget, no taxpayer’s financial burden would exist,” said Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting (IFTA). She continued, “A state budget is not balanced if past costs, including those for employees’ retirement benefits, are pushed into the future.”
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Truth in Accounting Issues: Pennsylvania’s ‘Financial State of the State’ – True Tax Burden $52 Billion”


Mitt Romney Endorses Bobby Schilling for Congress

From the Schilling for Congress campaign (17th District)…

Romney: “It is more important than ever that we elect candidates who are dedicated to enacting the pro-growth policies Illinois — and our country — needs.”

EAST MOLINE, IL–Former Presidential nominee Mitt Romney has endorsed Bobby Schilling for Congress in the Illinois 17th District, along with several other Republican candidates in the state of Illinois.

Romney released the following statement in a press release:
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Mitt Romney Endorses Bobby Schilling for Congress”


Peter Roskam Asks YOU to Tell Him What to Cut From Budget

Text YOUCUT2 to 68398and tell Eric Cantor, Peter Roskam and the GOP leadership that YOU want cuts in federal spending.

Come on, people. This is a representative democracy and our representatives need to know WE are serious about cutting the budget. Encourage them to cut, cut, cut!


Putback Amendment Doesn’t Get Enough Petition Signatures

From the Putback Amendment effort…

I wanted to send you a quick note letting you know how our efforts faired. Unfortunately, we did not acquire enough valid signatures to qualify for the ballot this year. No one is more disappointed in that result than I am.

For perspective though, to run for Governor (or any statewide office) you only need 5,000 valid signatures. Of the 11 candidates in the established parties who ran in the primary, at least 7 of those PAID signature gatherers. We need 100 times that and did not have the political parties supporting us and we had nominal funds to work with.
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Putback Amendment Doesn’t Get Enough Petition Signatures”


Another Chicago Alderman Goes to Jail — THIS is Heartening Progress

-By Warner Todd Huston

Alderman Ike Carothers is going to jail over his corruption. The wormy apple didn’t fall too far from the diseased tree, either, because Ike’s daddy, himself a former Alderman, went to jail for corruption in 1983. Ike joins a dozen other Chicago politicians in the Big House.

But I am here to say that I think we are seeing Chicago finally on the path to progress. How can I say that? Well, let’s look at the facts here.

William Carothers was sentenced to over 3 years in jail in 1983 for his bribe taking and general corruption. His son, Ike, now gets about two years for the same thing.

See the progress?

You don’t?

Well, obviously Chicago is getting closer to less corruption, don’t you think? I mean, daddy got three years. His son is only doing two! That means Ike’s son, when he gets into city government,will only get a year for corruption and his son might only get a few months.

See? Eventually we’ll get a Carothers in city government that is free of corruption. Heck it might take 5 or 6 generations…. but the city is getting there. See, it’s progress Chicago style.

Baby steps, friends, baby steps.
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Another Chicago Alderman Goes to Jail — THIS is Heartening Progress”


Gutierrez Illegal Amnesty Bill to Cost Illinois Tax Payers Jobs and Will Raise Taxes

From the Rosanna Pulido campaign:

Rosanna Pulido, Citizen Candidate for the Illinois 5th Congressional district seat is strongly opposed to the Amnesty Bill legislation being introduced by Representative Gutierrez of the 6th district.

Pulido states that, ‘with one in ten Illinoisans laid off of work ,unemployment rates at the highest level in decades and millions of Americans facing tough financial choices, the last thing our country needs is another short sighted politician trying to fix a real problem by throwing hardworking taxpayers money at it.’
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Gutierrez Illegal Amnesty Bill to Cost Illinois Tax Payers Jobs and Will Raise Taxes”


Another Trade Show Dumps Chicago Over Union Ripoffs

-By Warner Todd Huston

Another trade show is leaving Chicago this time for Atlanta, Georgia. The Chicago Tribune is reporting that the Healthcare Information and Management Systems Society meeting which has been held in Chicago’s McCormick Convention Center for quite some time is leaving the city due to the high costs that unions force upon its exhibitors.

In October we posted that the Plastics Industry Trade Association is also contemplating fleeing Chicago for southern hospitality for the same reason.

The HIMSS reports that 2009 attendance in Chicago’s McCormick Center was down by 5 percent compared to 2008. Attendance also dropped from 29,100 in 2008 to 27,500 this year. Additionally, HIMSS reports that they lost exhibitors over 2008, as well.
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Another Trade Show Dumps Chicago Over Union Ripoffs”