At the end of fiscal year 2021, all states had a total debt level of $1.2 trillion, a 26% increase from FY 2020. This news is worrisome, especially in a rising inflationary environment and one in which some economic indicators show us close to, or even in, a recession.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
How can this be?! The three bottom states all received credit upgrades!!