Chronicles Magazine Financial Crisis

The Broken Promise of American Cities

There is a saying used in California when the going gets tough: “At least we have the weather.” No matter how expensive, dangerous, unclean, and generally inhospitable the state’s cities become, “at least we have the weather,” Californians say,...

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  • Correspondence

    Flyover Math

    In January, George Mason University published a survey of the financial solvency of our country’s 50 states. Illinois came in at 48th place, just in front of Connecticut and New Jersey. The Land of Lincoln caught a bit of a break, it seems.

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    Uncle Sam Goes Bust

    Even President Barack Obama appears to realize that Washington has a spending problem. His latest budget, delivered late and without enthusiasm, makes a nod toward restraining the growth of social programs, most notably “entitlements,” headed...

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