tag:blogger.com,1999:blog-25740524.post4054770594470786220..comments2024-03-11T13:16:19.098-04:00Comments on Ad Orientem: Illinois: Still trying to make California look goodUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-25740524.post-39304597377204737312010-07-03T12:41:57.151-04:002010-07-03T12:41:57.151-04:00States and municipalities have run up spectacular ...States and municipalities have run up spectacular levels of debt. I always want to ask them, what were you doing during the boom times? The answer of course is that they just revved up their expenditures accordingly, and used projections of endlessly increasing tax receipts to incur even more debt.<br /><br />Ultimately, social democracy is going to follow socialism on to history's chopping block.The Anti-Gnostichttps://www.blogger.com/profile/04386593803225823789noreply@blogger.com