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Politics

In Illinois, the Blue-State Model Rolls Toward Bankruptcy

bankruptcyfrom – National Review – by George Will

Deficits and unfunded pension liabilities as far as the eye can see.

Chicago — Seated in his office here, wearing neither a necktie nor a frown, Republican governor Bruce Rauner is remarkably relaxed for someone at the epicenter of a crisis now in its second year and with no end in sight. But, then, stress is pointless when the situation is hopeless. Besides, if you can ignore the fact that self-government is failing in the nation’s fifth-most populous state, you can see real artistry in the self-dealing by the Democrats who, with veto-proof majorities in the state legislature, have reduced this state they control to insolvency.

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