How liberalism mismanaged the state of Illinois


Mark Kirk:

Illinois, the Land of Lincoln, boasts the 17th largest economy in the world. So how has the state that CEO Magazine ranked 10th among best "States to Start a Business" fallen to 47th?

The state's budget numbers tell the story:

• $9 billion in unpaid bills, with many small-business vendors providing interest-free loans to the state for six to 12 months.

• $4.2 billion pension obligations owed in 2012.

• Highest unfunded state liabilities in the nation — over $62 billion.

• A $1 billion, or 8%, increase in the 2010 deficit projection — to $13 billion from $12 billion the year before.

...
Other states have also screwed up, but the pattern is clear. Liberalism does not work. Spending too much does not translate to "investment."

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