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'I Learned From Pain'
His frustration was echoed by Bruce Rauner, chairman of GTCR LLC, a private equity and venture capital firm in Chicago. His business has been “unsuccessful in convincing executives to headquarter In Illinois,” partly because of the high state taxes, but also because “we have almost no confidence” in Illinois state government because of its “incredible incompetence.” There is “no way we could ever pay for” the state’s unfunded pension liabilities. The one hope that Rauner held out was the development of a “wedge” between public-employee unions and advocates for state-funded social services (for the elderly, the poor, the handicapped). With debt mounting and budget cuts required, the interests of both traditional clients of big government cannot be met at current levels. So “the whole structure” of “low-quality, high-cost government has to change.”
TARIFF-IED: Trade Talk with Matthew Rooney
Bush Institute-SMU Economic Growth Initiative Director Matthew Rooney breaks down the trade conflict with India.
How Trade Spreads Holiday Cheer
It is projected that the average American household will spend more than $1,000 during the holidays this year.
Deporting Salvadorans May Lead to Economic Decline
We should think carefully about a policy whose major impacts are likely to be reductions in employment and economic activity here at home, and increased instability and lawlessness along our borders.