By BombThrowers -- Hayden Ludwig—— Bio and Archives--June 22, 2017
Thanks to Big Labor’s political machine, Illinois and California are in a race to see whose economy can go belly-up first – and they’re happy to let their taxpayers foot the bill.
Economic insolvency is the catastrophic result of making expensive promises the states cannot keep, euphemistically referred to as “unfunded liabilities.” It’s what George Will calls “the blue-state model” – suicidal tax rates, unmitigated deficit spending, and public employee pensions stretching as far as the eye can see – and it’s killing two of the country’s most populous states.
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