Illinois, the nation's newest fiscal disaster

How fitting that the state that produced the profligate corruptocrat-in-chief is now collapsing under the weight of its own fiscal irresponsibility. The same union-coddling, welfare state-expanding, pay-for-play politics that wrought the current misery in Illinois are wreaking havoc for us all. And to think: If President Obama, Mrs. Obama, Valerie Jarrett, and Chicago Mayor Richard Daley had had their way, they would have shoveled billions more in taxpayer funds down the drain for their Olympics folly. As I’ve noted here before, you can take Obama out of Chicago, but you can’t take the Chicago out of Obama.