[skimbell]

"In Illinois, for instance, vendors wait months to be paid by a government that’s $30 billion in debt, and one whose bonds are just one notch above junk bond status, according to Daniels. New York’s more than $356 billion in debt; New Jersey more than $104 billion; and California more than $428 billion."

A bit off topic but the above quote is pretty much what you hear everywhere as far as numbers are concerned.

Now I have absolutely no disagreement with statements that Illinois is the most corrupt government in America. But using the above numbers, I find it almost impossible to see how Illinois can be accused of being in the worst financial shape in the country.

Illinois is bad, no question, but the Land of Lincoln is a rank amature among these other blue state for financial stupidity.

[Don Corleone]

California more than $428 billion."

California started down that road two generations ago. It has taken this long for it catch up to them but catch up it has.

[mewzilla]

I suspect it’s due to unfunded public pension obligations.