bankrupt
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The administrators who run Chicago Public Schools, the taxpayers who fund the district and CPS parents have a real mess on their hands. CPS is facing a $500 million budget shortfall for the 2015-16 school year alone. Altogether, the district is over $1 billion in the hole, and the debt CPS is carrying has been labeled “junk” by Fitch Ratings, Moody’s and Standard & Poor’s.
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Budgets/TaxesFeaturedPodcast
Heartland Daily Podcast – Salim Furth: Puerto Rico’s Slow-Motion Fiscal Train Wreck
by Jesse Hathaway December 28, 2015In today’s edition of the Heartland Daily podcast, managing editor Jesse Hathaway and Heritage Foundation macroeconomics research fellow Salim Furth talk about the latest news from Puerto Rico’s slow-motion fiscal train wreck.
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Environment/EnergyFeaturedPodcast
Heartland Daily Podcast – Benita Dodd: Georgia’s Solar Subsidy Boondoggle
by H. Sterling Burnett March 19, 2015In this edition of the Heartland Daily Podcast, managing editor of Environment and Climate News, H. Sterling Burnett talks with Benita Dodd. Dodd is Vice-president of the Georgia Public Policy Foundation. Burnett and Dodd discuss the recent solar power boondoggle in Georgia.
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Budgets/TaxesFeatured
CBO Report: Social Security Going Bankrupt Faster Under Obama
by Justin Haskins January 16, 2015Not only is Social Security in the worst shape it has ever been in, a recent Congressional Budget Office (CBO) report reveals the problem has grown significantly worse under the Obama administration.
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Craig and Ponte point to 1913 as the year progressive, collectivist ideas “took control of the United States government and began a ‘fundamental transformation’ of our economy, politics, culture and beliefs that continues today.”
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Budgets/TaxesEconomicsFeaturedTaxes
Detroit Bankruptcy: Missing The Point
by Wendell Cox July 22, 2013The evidence is characterized as “job sprawl”