By Clint Siegner – Re-Blogged From http://www.Silver-Phoenix500.com
Those wanting a glimpse into the future of our federal government’s finances should have a gander at Illinois. The state recently “resolved” a high-profile battle over its budget. Taxpayers were clubbed with a 32% hike in income taxes in an effort to shore up massive underfunding in public employee pensions, among other deficiencies.
But, predictably, it isn’t working. People are leaving the state in droves.