Trillions of Corporate Welfare In The U.S. Budget

by Stephen Moore | Illinois Conservative Examiner

If Republicans are going to get truly serious about cutting government spending, they are going to have to snip the umbilical cord from the Treasury to corporate America.  You can’t reform welfare programs for the poor until you’ve gotten Daddy Warbucks off the dole. Voters will insist on that — as well they should.

Federal budgetSo why hasn’t it happened? Why hasn’t the GOP pledged to end corporate welfare as we know it?

Part of the explanation is that too many have gotten confused about the difference between free-market capitalism and crony capitalism.

And part of the problem is corporate welfare that is so well hidden from public view in the budget that no one has really measured how big this mountain of giveaway cash to the Fortune 500 really is. Finding out is like trying to break into the CIA.

Until now. Open the Books, an Illinois-based watchdog group, has been scrupulously monitoring all federal grants, loans, direct payments and insurance subsidies flowing to individuals and companies.

Illinois Still Has The Highest Workers’ Compensation Costs In The Region – By Far

A new study reveals that Illinois has the highest workers’ compensation costs in the Midwest and the seventh highest in the United States.

by Michael Lucci | Illinois Policy Institute

Illinois manufacturers often pay as much as three times more in workers’ compensation costs than comparable businesses in Indiana. These businesses can save millions in workers’ compensation costs by moving just a few miles. Illinois’ workers’ compensation laws are harming workers and employers, and as a result, are hurting the Illinois budget by reducing the state’s tax base. A study from the state of Oregon confirmed that Illinois’ workers’ compensation costs are sky-high, especially compared to neighboring states.

25 People Enrolled On Food Stamps For Every Manufacturing Job

40 Years of Speaker Michael Madigan have just wrecked our state! – Allen

Illinois’ dismal business climate continues to inhibit jobs growth, especially in manufacturing, as the state put 25 people on food stamps for every factory job created during the recovery from the Great Recession.

Illinois is the only state in the Midwest to have added more people to food-stamp rolls than to employment rolls during the recovery from the Great Recession. Job losses from the Great Recession occurred from January 2008 to January 2010, and since then, states have had five-and-a-half years of recovery.

IL Tops Nation in Growth of Food Stamp Recipients

by Warner Todd Huston

President Obama’s home state of Illinois has gained a new distinction: it tops the nation in the growth of the number of its citizens on food stamps.

According to the U.S. Department of Agriculture, 15.7 percent of the Land of Lincoln’s population are now enrolled in the food stamp program.

As Joe Schoffstall points out: “The USDA’s latest data shows 2,023,635 Illinoisans were enrolled in the Supplemental Nutrition Assistance Program (SNAP) in February 2013. In February of 2012, 1,831,898 people took part in the program. That’s an increase of 10.5 percent in just one year.”