Illinois is the New California:
Unlike California, Illinois cannot blame its budget woes on a particularly volatile revenue system or on outsize exposure to the housing bubble. Illinois's crisis is unique in that it is purely a creature of mismanagement by elected officials.Last I checked, Alexi Giannoulias is our state Treasurer.
Granted, he's one of many incompetents but he's part of the Dem team. He ran on the Blago ticket. Does this inspire confidence, Illinois?
Do we want to send someone like this to represent us in the Senate and vote to increase our debt, raise our taxes, and probably for more bailouts to Dem cronies like him?
And media--don't you think you should ask Alexi a few questions about Illinois insolvency? Shouldn't he share some responsibility? He's ducked it so far.
Related: Stimulus aid to states seen delaying 'day of reckoning'