Frank, here’s all you really need to know about Illinois. Namely, it has the highest debt ratio (468.7%) in the U.S. (per worldpopulationreview.com)
3. Illinois
Illinois has the third-highest debt in the U.S., with total liabilities equaling $248.67. With total assets of $53.05 billion, Illinois has $187.7 billion in unfunded liability. This creates a debt ratio of 468.7%, the largest in the U.S.
To pay that off, every person in Illinois’s 12.7 million population would need to pay $14,780. Like New Jersey, the biggest problem in Illinois contributing to the debt is billions of dollars for retired government workers’ pensions and health insurance benefits.
The 2 states with higher ratios have to be New York & California