Wednesday, May 23, 2012

California and Illinois Are EU-Style Failed States

Howard Rich, IBD
The euro zone isn't the only economy reeling from "failed states." The United States has several of its own — most notably California and Illinois.According to the CIA's world factbook, California's economy is the ninth largest in the world with a gross state product of $1.9 trillion. Illinois' economy is the world's 23rd largest economy with a gross state product of nearly $630 billion. 

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