Oak Brook Data Firm Releases Report on State & Local Interest Payments Amid $1 Trillion Federal Interest Mark
OAK BROOK, IL - SEPTEMBER 30, 2024
As U.S. federal interest payments hit a staggering $1 trillion milestone, StatisNostics releases a comprehensive report on the cascading effects of government debt across all levels of government.
The Oak Brook, Illinois data firm’s report reveals that federal interest payments now consume 22.72% of tax revenue, with projections indicating the federal debt could reach 166.2% of GNP in 30 years. The study also provides a state-by-state breakdown of per capita state and local debt, ranging from $35,933 in Illinois to $6,173 in Idaho.
“We commend this study to the careful attention of taxpayers interested in the bigger picture of how government spending induces debts that in turn transfer massive amounts of generational wealth...” says Partner Edward N. Tiesenga.
Oak Brook Law Firm Congratulates Timothy Christian Mock Trial Team on its First Place Finish
Oak Brook Law Firm Tiesenga & DeBoer LLP congratulates the Timothy Christian Mock Trial Team and Attorney Coach Nathaniel Reinsma on their first place finish at the annual statewide invitational tournament.
OAK BROOK, IL - APRIL 14, 2016
The Oak Brook law firm of Tiesenga & DeBoer LLP congratulates the Timothy Christian High School mock trial team (of Elmhurst) on its recent first place finish in the 34th Annual Illinois State Bar Association High School Mock Trial Invitational Tournament, held April 2-3, 2016.
Timothy Christian competed at the ISBA tournament against 37 other teams from across the state, and was named the winner following a series of three mock trials over two days. This marks Timothy Christian’s seventh win since the inception of the ISBA tournament, and its first since 2006. Students from Timothy Christian’s team will represent the State of Illinois in the National High School Mock Trial Championship, held this year in Boise, Idaho.
The firm would also like to congratulate Partner Nathaniel Reinsma, who volunteered as an attorney coach for the Timothy Christian team, on the team’s success. Reinsma is an alumnus of Timothy Christian High School and has participated in its mock trial program as a student, as a non-lawyer coach, and as an attorney coach. He has been a partner at Tiesenga & DeBoer LLP since 2005 and is head of the firm’s litigation practice, with experience in the area of commercial litigation, and corporate disputes.
