Rust Belt in the red

Illinois: $15 billion deficit (FY 2012; plus another $8B in IOUs and epic pension obligations)
Indiana: $1.3 billion (FY2012)
Michigan: $1.5 billion (2011-12)
Minnesota: $6.2 billion (2012-13)
New York $9 billion (2011-12)
Ohio: $8 billion (2012-13)
Pennsylvania: As much as $5 billion (FY 2012)
Wisconsin: $3.3 billion (2011-13)

PA Gov-Elect: My goal is to make PA #1

Pennsylvania Governor-Elect Tom Corbett in his victory speech said his goal is to "make Pennsylvania the standard of excellence, the standard of excellence when it comes to creating jobs ... education, energy, agriculture and tourism."

"I believe this to be a generational election. When our children are leaving ... 25 percent of them leaving after graduation to go find jobs elsewhere. I hope you have the same goal as I do: to welcome them back home to Pennsylvania."

Rust Belt in the Red 2010

Illinois: $13 billion deficit

Indiana: tax revenues $75 million short of forecast and on pace to spend down $1 billion surplus by June 2011

Michigan: at least $1.6 billion deficit

Minnesota: $1.2 billion deficit

New York: $8.2 billion deficit

Ohio: believes everything is OK

Pennsylvania: $500 million shortfall

Wisconsin: approx $200 million deficit

State of the Rust Belt 2010

Illinois State of the State address

Indiana State of the State address

Michigan State of the State address

Minnesota State of the State address

New York State of the State address

Ohio State of the State address

Pennsylvania expected in February

Wisconsin State of the State address

UPDATE: Cleveland State of the City speech (PDF) by Mayor Frank Jackson