Monday, May 23, 2011

Illinois treasurer downgrades Illinois

Treasurer says he would call bond houses, warn against lending to Illinois
The backlog of unpaid bills will reach $8 billion by July, Comptroller Judy Baar Topinka recently estimated.

Rutherford says the debt from past borrowing has soared to $45 billion in recent years, which amounts to $10,000 for every household in the state. As a result, Illinois has the second-worst credit rating in the nation, above only California, he added.

Maniacal liar politicians cause these problems.

No comments: