by Mish

Illinois had the second worst performance of any state, sporting a population decline of .017%. Only West Virginia, with huge coal-related woes scored lower than Illinois.

The above chart from the Bloomberg interactive chart The Population Is Swelling in Almost Every State.

The sorry thing about Illinois’ numbers is they predate ….

  • The Illinois budget impasse
  • The largest Chicago/Cook County property tax in history
  • Numerous business closures
  • Threats of still more tax hikes

This “Mash” video sums of the state of affairs in Illinois nicely.

Illinois’ Sorry State of Affairs

RECOMMENDED ARTICLES

  1. March 2016: Chicago Public School System Threatens Massive Tax Hikes Via “Backdoor” Bond Guarantee
  2. February 2016:Moody’s Downgrades 3 Illinois Universities to Junk or Just Above Junk
  3. February 2016: Past Due! Illinois Vendors Furious as Unpaid Bills Top $10 Billion
  4. February 2016: Illinois Dead Last in Resident’s Confidence in State Government
  5. February 2016: “Bond Girl” Blasts Chicago Public School Bonds, Says “CPS Genuinely Insolvent”
  6. January 2016: Illinois Too Big a Risk: GE Moves Corporate Headquarters to Boston, Bypassing Chicago Citing Litany of Issues
  7. January 2016: “B” Word Hits Chicago: Illinois Governor Proposes Bankruptcy for Chicago Public School System
  8. December 2015: Death Watch Illinois: Despite Massive Stock Market Rally, Illinois Pension Liabilities Go Up, and Up, and Up
  9. October 2015: Largest Chicago Tax Hike in History, Mayor Emanuel Says “It’s Not a Piece of Art”
  10. August 2015: Get Me the Hell Out of Here

Everything in the above list comes after the census reporting dates!

Questions of the Day

How much additional population in the next year will Illinois lose because of …

  • Additional tax hikes Mayor Emanuel and the Democrats want
  • A corporate environment that is among the worst in the nation
  • Absurd prevailing wages laws that drive up the cost of everything
  • The worst funded pensions in the nation
  • Arcane worker’s compensation laws

While pondering those ideas, please note the Illinois Supreme Court Ruled Against Chicago Mayor Rahm Emanuel on his pension reform plan.

The pretending period is over. The only solution to the Chicago Public School mess is bankruptcy.

Mike “Mish” Shedlock

Cook County Illinois Suffers Largest Population Drop In Entire US

Illinois voters are voting with their feet. Not only are people scrambling to get out of Cook County, but the entire state is suffering.

Chicago Population Shrinks Most of Any City in US

Illinoisans continue their exodus, with Chicago having the dubious distinction of the highest population loss in the nation.

Chicago Population Shrinks Most of Any City in US

Illinoisans continue their exodus, with Chicago having the dubious distinction of the highest population loss in the nation.

Earth Overshoot: How Sustainable is Population Growth?

For decades people have been predicting overpopulation would wipe out energy resources if not the entire planet.

Impediments to Growth

In Hoisington’s Fouth Quarter Review (not yet posted online), Lacy Hunt takes a look at the Trump economy, policy lags, and impediments to growth. Hunt sees five major impediments, in his report.

Tracking the Great Escape from Cook County and Illinois

Cook County Illinois has the largest population loss of any county in the nation. Chicago represents just over half of the population of Cook County. Here is a graph I put together of the “Great Escape” from Illinois.

Amazing Progress Illinois Style: Welcome to the Obama Expressway!

Yesterday, in response to alleged “progress” on Obamacare I penned Mish’s Rule of Progress.

World Trade Plunges13.8% in US Dollar Terms

The value of goods crossing international borders plunged 13.8% in 2015 according to the Netherlands Bureau of Economic Policy Analysis’s World Trade Monitor.

Dear Barry Ritholtz, Can We Please Discuss Illinois?

Bloomberg columnist Barry Ritholtz is a firm believer that government knows better how to spend your money than you do.