Skip to comments.Think Washington's Bad? Try Illinois
Posted on 04/28/2013 6:53:30 AM PDT by SeekAndFind
The Land of Lincoln and home state of President Barack Obama has become nothing short of a fiscal and economic disaster. The Illinois labor market continues to weaken and the State government loses money by the truckload every day. If you think the nation's economic and fiscal conditions are bad, and they are, then pull up a chair and consider it could be worse...you could live in Illinois.
Illinois has a population of about 12.8 million, making it the fifth largest state in the Union. It has oustanding debt of more than $153 billion or nearly $12,000 per citizen of the State. Worse is the fact that Illinois is spending some $6 billion more than it is raking into its coffers.
The massive red ink that characterizes the State government has caused Illinois to owe its public schools some $768 million. That equates to about $1,100 per student attending public schools in Illinois.
These are indeed atrocious fiscal numbers, but the woeful economic conditions in the State are equally unimpressive. Consider that about 1 in 6 citizens are on food stamps in Illinois...1 in 6! Add to that, Illinois is currently sporting a whopping 9.5% unemployment rate. That is nearly three times the unemployment rate of North Dakota (3.3%), which is the state with the lowest unemployment rate in the nation and some 2% ahead of the national unemployment rate.
Economic conditions in Illinois are so poor that Texas Governor Rick Perry recently went on a two-day recruiting visit to Chicago, making the pitch for Illinois businesses to relocate operations South several hundred miles to the Lone Star State. As Governor Perry put it, "Get out while there's still time."
With good reason, as Illinois has a 9.5% corporate tax rate -- one of the largest in the nation,
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I really don’t know how long I can live in Illinois. Texas is looking real good.
These unemployment 'numbers', both in IL and nationally, are as fake as the lying pØs squatting @ 1600.
To approach the city limits of Reality, an additional 10% minimum would be a safe bet.
In ILL-ANNOY we seem to like symmetry: 9.5% tax rate on business, and 9.5% unemployment. No one here has been able to make the nexus and see the problem of the single-party, family-run, RICO-style politics.
I was born there (waaaaaaay downstate), but since Shitcago has defrauded the many good people of the rest of the state into the tribal gulag, I won’t even go back for family reunions.
What are these same statistics for Chicago alone?
If it weren’t for the crappy RE market we would be gone already.
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Yes, but they are putting on a nice version of the Nutcase, I mean Nutcracker, in the Chicago mayor’s office.
Look at Oklahoma. I’ve been trying to get my brother and sister in law to move out of Illinois for years. But they have strong family ties which makes it very hard.
I was born there (waaaaaaay downstate), but since Shitcago has defrauded the many good people of the rest of the state into the tribal gulag, I wont even go back for family reunions.
Me too..I’m from downstate near Belleville..went to SIU, scared to go back..even in daylight. Very sad, but Illinois is a snapshot of what our beloved country will look like in the not to distant future.