It’s in the Midwest. It’s called Illinois.
It’s official: Illinois is the worst governed state in the country.
by David Frum
Last week Standard & Poor’s downgraded Illinois’s credit rating to A-. Only California bears so low a rating, but S&P rates California’s future outlook as positive and Illinois’s as negative. The Moody’s (slightly different) rating system assesses Illinois at the same risk level it gives the African nation of Botswana.
It’s not easy to sum up all the aspects of the financial disaster that is Illinois: the fiasco has too many pieces, contributed by too many different politicians.