Wednesday, April 25, 2012

George Will: Illinois is running out of time and money

This man is consistently insightful and delightful to read. 

Here he analyses the grinding fiscal problems in Illinois that appear almost un-fixable.

In 2011, when States really first had to grapple with the economic downturn, many states (Ohio included) opted to down-size state government to reflect the new revenue realities.

Illinois was the exception, raising the corporate and personal income tax rates 30% and 67%, respectively.  Well, Will analyses the result of that decision, and it is not pretty.

It's worth your time to review this piece.

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