Politicians are too greedy and corrupt, the poor are too impotent, and the hard working middle class are too busy supporting both to do anything about the fact that socialism and deficit spending don’t work. The state of Illinois is, for all intents and purposes, bankrupt. They can’t pay their bills, and the people who can afford to escape, the rich and productive, are doing so. That leaves the poor and hard working who cannot bear the existing tax burden. When you’re out of something (in this case money), you can’t just wave your magic wand and “poof” there’s some more of it. Illinois’ bond rating is junk bonds status. That means they’ll have to pay higher interest rates to continue for a short while longer their big spending habits. States cannot print money; they can only go deeper in debt. The U.S. government can print money and go deeper in debt. America is not far behind Illinois.
Pensamiento Peligroso writes the truth as he sees it, and if it upsets you, then it makes you think!