A warning came Saturday morning from state treasurer Dan Rutherford (R) IL State Treasurer. The Standard and Poor’s downgrade from A to A-minus puts Illinois last on the list-- and means a higher cost to borrow money.
On Wednesday, the state will issue $500 million in new bonds to pay for roads and other transportation projects. Rutherford says the credit downgrade will cost taxpayers an additional $95 million in interest,
Danggit, Illinois has passed us in California again in the race to financial suicide! Sacramento Democrats, you have absolute control of the legislature, and your duty is clear. I have faith you can take us all the way. (But will you respect us in the morning?)
Posted by Phineas Fahrquar 
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