-By Warner Todd Huston
It is big news that the public employee unions experienced not just a loss in Wisconsin but a rout. Wisconsin has higher employment since Walker took office, lower debt, and even budget surpluses not to mention seeing its debilitating government unions losing power. The state to Wisconsin’s south, however, finds itself in the opposite condition. Illinois sees businesses fleeing, taxes soaring, unemployment rising, budgets deeper in the red than ever, and unions still with a strangle hold on the state. The neighboring states are a study in contrasts, one in which Illinois does not come out looking very good at all.
While Wisconsin still has an AAA bond rating, Illinois’ rating is steadily slipping. On the very day that Wisconsin is celebrating a Walker win, for instance, Standard and Poor’s has issued a warning of an Illinois credit downgrade. S&P isn’t the only one. Last January, Moody’s already downgraded Illinois.
With the re-election of Wis. Gov. Scott Walker, unions were handed their hat and shown the door especially given the fact that after all their whining Walker won with an even bigger margin than he had the last time out. But in Illinois unions still control the governor and the Democrat Party.
All this tends to make Illinois the worst state — or at least one of the worst five — in the union on nearly every level.
- Illinois has the worst funded teachers pension
- Illinois has the worst legal climate in the country
- Illinois ranks as 49th worst debtor state
- Illinois Ranks as the 48th worst state for business
- Illinois ranks 47th for states with worst government accountability
- Illinois has consistently had some of the worst unemployment in the country
One would think that Illinois would be learning a lesson from the successes in Wisconsin. One would also think that the Illinois GOP could capitalize on the mess they are suffering. Unfortunately it seems that neither is the case.
(H/T on S&P MarathonPundit)
Congratulations, Illinois. You are the worst state in the union.