A Fiscal Lesson

NY state is in big trouble, but their governor is talking some sense. WSJ:

"[T]he higher we tax even the wealthy, the more we lose population and the less job creation there is," Gov. Paterson said in an interview Friday. "We're pretty resigned to the fact that we're going to have to do this with spending cuts."

What do you know. Paterson is a Democrat. A lesson for Illinois? Schooling the incoming administration?