Phineas Fahrquar:

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?)

Originally posted on WGN-TV:

[trib_ndn vid=24274573]
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.
capitol
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,

When compared to a perfect triple-a bond rating enjoyed by other11 states including neighboring Indiana, Iowa and Missouri.

“Our problem in Illinois is that we have not substantively and fairly addressed the state public pension issue.”

Rutherford points to Governor Quinn and the democratically controlled general assembly for making matters worse in the last two years– raising taxes but not acting on pension reform.

“This problem didn’t come along just now it’s been accumulating for actually decades. Each…

View original 118 more words

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One Response to

  1. leelu says:

    Democrats? Respect??

    Surely you’re joking.

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