Being from Illinois it’s sometimes hard to proud of our government. Illinois has the worst state credit rating in the nation and the highest unfunded pension liability, things you do not want to be number one in.
Still, Illinois may be serving as a model for the federal government. In Thursday’s Wall Street Journal, Greg Ip asked:
“How is it possible for presidents to keep cutting most Americans’ taxes while expanding the safety net? In great part, by borrowing.”
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