Democrat Politics - A shining example for the rest of us!

[DPI]

Who's jumping on the bandwagon and buying some of their debt?


Illinois’ credit rating downgraded; state drops to worst in the nation

Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.
The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.
The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.
The downgrade now ties Illinois with California, but California has a positive outlook.
Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.
The ratings came out now because Illinois plans to issue $500 million in bonds within days.

Read more: http://wgntv.com/2013/01/26/illinoi...e-drops-to-worst-in-the-nation/#ixzz2J73od6ZH

 

[darth_ted_82]

They're all morons. Their philosophies and politics are the sole reason the state and, namely, Chicago, are spiraling down the shitter. Now, they want good 'ole Uncle Sam to bail them out because they voted overwhelmingly for the POTUS. Again, Jane and Joe Taxpayer will pick up the tab...

 

[Mos Eisley]

What's sad is I've worked in and met folks in middle and South Illinois. They're pretty Midwestern thinkin' folks like you and I and they're gonna pay big time.

 

[willystruck]

I think from what I remember growing up there, that the lower half of the state is pretty conservative. Problem is that the majority of voters live in the Chicago area. Therefore the state is run by liberals. When I grew up the state was run by Richard Daley, then mayor of Chi-town. Got the he!! out of there soon after High school!

 

[Wheel Gun]

They just don't care. That's a "grown up" issue and they're having awesome Peter Pan lives.

 

[TerryMiller]

They just don't care. That's a "grown up" issue and they're having awesome Peter Pan lives.

Peter Pan or Tinker Bell? After all, there just might be a lot of pixie dust floating up there.

 

[Shadowrider]

What's sad is I've worked in and met folks in middle and South Illinois. They're pretty Midwestern thinkin' folks like you and I and they're gonna pay big time.

I've found this to be the case in every blue libtard state I've went to. You leave there thinking "WTF? How did their laws get so jacked up? The folks seem normal."