SPRINGFIELD — Illinois, unable to solve its long-running financial problems, was given the lowest credit rating of any state in the country by Moody’s Investors Service on Friday, a move that will increase costs to taxpayers.
A second agency, Standard & Poor’s, left its Illinois rating unchanged but warned of a negative outlook that could lead to a downgrade in the future. A day earlier, Fitch Ratings also left the rating unchanged and declared a stable outlook. http://newssun.suntimes.com/news/9859142-418/moodys-lowers-illinois-credit-rating-again.html">Chicago Sun Times
How is it that Illinois agrees to pay a premium for federal dollars,
getting back only 75 cents on each federal dollar sent to DC? These folks are in the cold Great Lakes economy, they have to maintain winter inventories. But each spring a drunken Irish senator from Massachussets convinces the ladies to swoon and send their houshold budgets to DC.
You would think they would figure it out.
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