Friday, April 23, 2010
Illinois is going under - Who to Blame?
Once again, we seem to have the media failing to identify the real culprits.
Instead, they have all pinned it on ex-governor Blagovich...
Instead, they have all pinned it on ex-governor Blagovich...
Rich Trzupek discusses the issue at BigJournalism.com:
"The Prairie State – my state – sits atop the transportation crossroads of America, has a rich, diversified economic base and a multi-talented workforce. Less than a decade ago, the state had money in the bank, unemployment was low and the outlook was bright. Illinois even managed to shrug off the mini-recession that followed 9-11 with barely a pause. Then, in 2003, Democrats took over complete control of state government, brimming with progressive policies that – cross their hearts and hope to die – wouldn’t hurt the state’s budget or damage its economy one little bit. Happy days, the bedazzled citizens of Illinois were told, were here again.
Seven years later, the Illinois’ economy is lies in smoldering ruins thanks to the progressive policies foisted upon its citizens by a cabal of Democrats that included then-state senator Barack H. Obama. Illinois ranks forty eighth in the nation in job loss, with over 200,000 jobs lost in 2009 alone and unemployment over eleven per cent. Our leading exports used to be corn and soybeans. Today, our number one export is college graduates, because young adults can’t find jobs in the state that gave them their education. In 2000, Illinois debt basically matched revenues. Now, the state’s total debt totals over $100 billion, almost four times annual revenue."
