View as PDF By Dennis Constant December 2013 is the 100th birthday of the Federal Reserve System (Fed). The Federal Reserve Act was conceived and described in a preliminary version in November 1910, at a secret meeting in the private resort of J. P. Morgan on Jekyll Island, off the coast of Georgia. Republican Senator [...]
As the 10th anniversary draws near of the “surprise” attack on the Twin Towers in New York City, one should not forget that December 7, 2011, marks the 70th anniversary of the Japanese attack on our naval base at Pearl Harbor, Hawaii. This attack drew the U.S. into World War II and when it was [...]
Click here to view this ITEF Comment as a PDF. CHICAGO— The Illinois State Toll Highway Authority has always been a notorious patronage machine. To listen to Tollway lackeys now, today’s Authority is something out of a fairy tale—an upstanding group of public servants to whom we shouldn’t hesitate to give $12.1 billion in toll [...]
Click here to view this ITEF Comment as a PDF. CHICAGO–The phony federal-debt-limit deal put together by Democrats and Republicans has fooled no one and has actually made matters worse, according to economist Jim Tobin, President of Taxpayers United of America (TUA). “You can’t fool the markets. On Wednesday, the Standard and Poor’s 500 hit [...]
Click here to view this ITEF Comment as a PDF. The number of retired Illinois government employees receiving pension benefits of over $100,000 a year has climbed to 5,294 as of April 1, 2011, an increase of 22% from June 30, 2010, according to the president of Taxpayers United of America (TUA). Of the six [...]
Click here to view this ITEF Comment as a PDF. By Dennis Constant In 1971, President Nixon imposed wage and price controls. Inflation was 4%. According to The Econ Review, “By the prevailing historical standards, such inflation rates were thought to be completely intolerable.” The Nixonian measures were not successful. “The wage and price controls [...]
Click here to view this ITEF Comment as a PDF. “The so-called ‘education reforms’ passed by the Democrat-controlled Illinois General Assembly and signed into law by Gov. Patrick Quinn (D) are a sham and a smokescreen,” said the President of the Illinois Taxpayer Education Foundation (ITEF). “This legislation is a smokescreen for the recently-passed, gargantuan [...]
April 12, 2011, marks the 150th anniversary of the start of the War Between the States. Prior to the fall of Fort Sumter, few Americans North or South wanted war. On February 18, 1861, Confederate President Jefferson Davis called for peace: “There can be but little rivalry between ours and any manufacturing or navigating community, [...]
April 12, 2011, marks the 150th anniversary of the start of the War Between the States. It was a war Abraham Lincoln pursued not to free slaves but to enslave free men. Lincoln’s overriding concern was to keep the Southern states as taxpaying provinces of the federal government. Until the War Between the States, the [...]
CHICAGO- Retired Illinois judges are enjoying some of the most lavish pensions of all Illinois pensioners with the top 100 judicial pensions each in excess of $147,000. While Illinois leadership dabbles with pension reform, millionaire pensions are breaking the backs of taxpayers. Tobias Barry, a retired Appellate Court Judge tops the list with an annual [...]
CHICAGO–Figures released today, Wednesday, Feb. 23, by the nonpartisan Tax Foundation, headquartered in Washington, DC, show that Illinois’ state-local tax burden increased sharply in comparison to the 49 other states, despite lower total amounts of taxes paid due to the recession. The foundation defines tax burden as taxes paid divided by income.
There are many different estimates as to the number of casualties in Lincoln’s War Between the States. If one also counts civilian dead, total casualties are probably well over 660,000. Ken Burns’ Civil War documentary series stated casualties were two percent of the population. Today, that would work out to be between five and six [...]
CHICAGO- The Chicago Transit Authority (CTA) is underway with a project that would extend the Red Line’s reach past its current ending point at 95th and Dan Ryan to three miles farther south, at 130th St. This proposed “solution” comes at the cost of $1.2 billion for taxpayers. NTUI’s Nick Mestad testifies on behalf of [...]
The Illinois Taxpayer Education Foundation (ITEF) has just completed a research project on the public school salaries and benefits in Stephenson County, Illinois. Jim Tobin, president of ITEF, brings up these facts: “Stephenson County Illinois has 10.5% unemployment rate with the median full time wage of $30,800 per year. Yet at Stephenson government schools, 98% [...]
LAKE CARROLL–A study by the Illinois Taxpayer Education Foundation (ITEF) of public school salaries and benefits in Carroll County, Illinois, reveals that Carroll County has a 10.5% unemployment rate with an average full time wage of $30,420 per year, but that in Eastland School District 308, every teacher makes more than the average Carroll county [...]
By Jeff Trigg The Illinois Taxpayer Education Foundation’s analysis of Illinois’ state revenue for fiscal year 2010 shows an incredible $8.1 billion increase in total state revenue over fiscal year 2009. The state of Illinois has seen an increase in revenue of 11.22% since fiscal year 2009.
“There are 3,500 employees in the Illinois State Police Department, but only 2,000 are certified troopers. We were astounded to find more than 35% of these 2,000 Illinois state troopers had salaries in excess of $100,000 per year,” said Jim Tobin, President of the Illinois Taxpayer Education Foundation (ITEF). “No wonder some state cops receive [...]
The “Top Two Primaries Act,” most recently passed in California on June 8 as Proposition 14, is a cynical, devious and extremely dangerous way to choose candidates, charged Jim Tobin, President of the Illinois Taxpayer Education Foundation.
By Jerry Kohn If you attended a typical American high school and took a typical course in American history, you no doubt learned the great myths of the Great Depression. [i] You were likely taught that this depression was the result of greedy Wall Street speculators, inequality of wealth, and the “do nothing” Presidency of [...]
By Dennis Constant As described in Part 1 of this series, the Chicago Tribune was one of Abraham Lincoln’s biggest champions during his bid for the presidency. Almost 150 years later, a May 16 Tribune editorial outlined the many ways in which Lincoln’s men orchestrated his nomination through deception and coercion.
By Dennis Constant Step aside, Louisiana, and bow to the real experts on political hijinks: the boys from Illinois. Today, May 18, is the 150th anniversary of Abraham Lincoln’s nomination for president. An entertaining and surprisingly forthright May 16 Chicago Tribune editorial described how the Trib “spared no newsprint or superlative in promoting Lincoln for [...]
An analysis released by Illinois Taxpayer Education Foundation (ITEF) reveals just how much the Illinois State Police (ISP) is costing Illinois taxpayers. At the end of 2009, more than 35% of the 2,000 state troopers—that’s 743 people, to be exact—had salaries in excess of $100,000. Leading the way were Lt. Carl Anderson at $189,015, Master [...]
By Dennis Constant For decades, taxpayers funding public schools with their property taxes have been taken for a ride — and not a particularly pleasant one. Student achievement has stubbornly refused to improve significantly despite the billions of dollars being poured into government school systems.
By Jim Tobin, ITEF President SPRINGFIELD—Analysis of Illinois revenues for the first eight months of fiscal year 2010 shows an increase of $7.5 billion from the same period in FY2009. Comparing the same eight months against a healthier FY2008, revenues are still up $5.3 billion, or 13%.