The Greece Next Door: Illinois gets a credit downgrade, in contrast to Wisconsin

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Two articles comparing American states to Greece were posted in the last few days – the first, from the Wall Street Journal, had the above title. You have to be a subscriber to read it – but just the preview tells you most of what you need to know:

Run up spending and debt, raise taxes in the naming of balancing the budget, but then watch as deficits rise and your credit-rating falls anyway. That’s been the sad pattern in Europe, and now it’s hitting that mecca of tax-and-spend government known as Illinois.

Though too few noticed, this month Moody’s downgraded Illinois state debt to A2 from A1, the lowest among the 50 states. That’s worse even than California. The state’s cost of borrowing for $800 million of new 10-year general obligation bonds rose to 3.1%—which is 110 …

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Speaking of California – that’s the other state being compared with Greece.  In his article “Civilization in Reverse: We, too, can lose our civilization,” Victor Hanson addresses the bigger picture:

The average Californian, like the average Greek, forgot that civilization is fragile. Its continuance requires respect for the law, tough-minded education, collective thrift, private investment, individual self-reliance, and common codes of behavior and civility — and exempts no one from those rules. Such knowledge and patterns of civilized behavior, slowly accrued over centuries, can be lost in a single generation.

Note  the words “civilized behavior” and then consider how that might apply to the depravity of the so-called “homosexual rights” agenda.

 

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