This is what happens when you let Dems run the entire show. This and California, and Rhode Island. Spend, spend, spend, spend, spend. And raise taxes on the rich. And when spending outstrips revenue again, then raise taxes on the rich again. Oh, and spend some more to get the economy moving. Then when the whole Ponzi scheme collapses, scream for a federal bailout.
The Dem strategy on a national level is to centralize the socialism so that people and companies can’t flee the worst-offending states to better tax environments. The Dem states are losing electoral votes in their strongholds, and have to somehow reverse that trend.
The “federal bailout” is one way to do that; taxpayers in Texas will get the bill for the government workforce of Illinois.