Thursday, November 17, 2005

Illinois Economic Meltdown

The Chicago Tribune reports:
Illinois' median family income has dropped dramatically over the last six years, a sharper decline than in every other state except for Michigan, a new report reveals.

The result is that household incomes here--adjusted for inflation--have fallen back to about where they were in 1989.


These income losses, coming at a time when costs are rising for everything from housing to transportation, brings into sharp relief the troubling shift from good-paying manufacturing to lower-paying service jobs.
Here is a true Blue state story.High taxes,regulations, and unions have destroyed job growth.Now the corrupt state of Illinois wants to give medical insurance to every child in the state.It's no accident that Illinois' population growth is way below the median.