“Many states, especially California and Illinois, are still depending on the ‘deux ex machina’ method of dealing with their fiscal problems. And as I’ve said on many occasions, when your fiscal plans depend on ‘then a miracle happens!’ as a cornerstone, you are well and truly boned.”
Related: As Ace notes, “Illinois Has a Higher Credit Risk Rating than Tunisia.”
Blogging since 2002, affiliated with PJM since 2005, where he is currently a columnist, Dallas Editor, and founder of PJM's Lifestyle blog. Over the past 15 years, Ed has contributed articles to National Review Online, the Weekly Standard.com, Right Wing News, the New Individualist, Blogcritics, Modernism, Videomaker, Servo, Audio/Video Interiors, Electronic House, PC World, Computer Music, Vintage Guitar, and Guitar World. As an Amazon Associate, he earns from qualifying purchases. For media inquiries, please contact [email protected].
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