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

Reblogged from WGN-TV:

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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,

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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?)

One Response to Illinois' credit rating downgraded; state drops to worst in the nation

  1. leelu says:

    Democrats? Respect??

    Surely you’re joking.

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