Illinois Credit Watch… First Junk State

by
June 25, 2017

ct-dissolving-illinois-kass-met

Illinois is on track to become the first U.S. state to have its credit rating downgraded to “junk” status, which would deepen its multi-billion-dollar deficit and cost taxpayers more for years to come.

S&P Global Ratings has warned the agency will likely lower Illinois’ creditworthiness to below investment grade if feuding lawmakers fail to agree on a state budget for a third straight year, increasing the amount the state will have to pay to borrow money for things such as building roads or refinancing existing debt.

The outlook for a deal wasn’t good Saturday, as lawmakers meeting in Springfield for a special legislative session remained deadlocked with the July 1 start of the new fiscal year approaching.

That should alarm everyone, not just those at the Capitol, said Brian Battle, director at Performance Trust Capital Partners, a Chicago-based investment firm.

  • Walter Flatt

    GET RID OF ALL THE CROOKED DEMOCRAT POLTICANS AND ELECT GOOD STRONG BUSINESS PEOPLE LIKE TRUMP.

    FROM A REGISTERED DEMOCRAT, A KOREAN WAR VET, AND A CHRISTIAN. I AM AN AMERICAN AND PROUDLY, I VOTED FOR TRUMP. I AM 86 AND HAVE NEVER SEEN A MORE QUALIFIED PERSON TO BE PRESIDENT.

    TRUMP IS THE PRESIDENT OF THE USA AND CAN DE-CLASSIFY ANYTHING HE WANTS TO REGARDING GET THE JOB DONE. HE NEEDS TO FIRE EVERYONE CONNECTED TO THE DEMOCRATS AND REALLY INVESTIGATE THE REAL MUSLIM PROBLEM WE ARE FACING.

    5 CAMPS IN NORTH VA. CLOSE TO WASHINGTON, A MINIMUM OF 31 MORE CLOSE TO MILITARY BASES, AND A FEMA CAMP, (SOME STATES MORE), IN EVERY STATE. BUILT WITH TAX PAYER $. TO HOUSE MUSLIMS???

    PUBLIC LAW 414, PAGE 2, SECTION 212, WAS PASSED IN 1952 THAT BANS ALL PEOPLE TRYING TO DESTROY OUR COUNTY, AND MUSLIMS QUALIF TO BE DEPORTED.

    READ THE QURAN, THEIR BIBLE. IF THE CAMPS IN N. VA. ARE TO TAKE DC. WE WILL HAVE A LOT OF HEADLESS POLITICIANS.

    COULD IT BE THAT OBAMA ALONG WITH HILLIARY AND THE NEWS MEDIA, HAVE SET US UP FOR HIM TO LEAD A MUSLIM INVASION OF OUR COUNTRY? IF NOT,

    WHY TRY AND BUY UP ALL AMMO AND TAKE OUR GUNS.

    WHY, WHILE IN OFFICE, DID HE SET HIS CABINET WITH MOSTLY MUSLIMS.

    WHY WAS HILLIARY’S TOP AIDE A RADICAL MUSLIM,

    WHY IS THE DEMOCRAT PARTY FOR A OPEN BORDER. COULD IT BE TO GET FREE DOPE, GOODGLE, THE NEW CLINTON CHRONICLES 2015 AND LISTEN TO IT ALL.

    WHY ARE ALL MUSLIM CAMPS CLOSE TO OUR MILITARY BASES?

    LAST WHY, DID OBAMA SEND BILLIONS TO HIS MUSLIM FRIENDS.

    THIS COUNTRY HAD BETTER WAKE UP QUICK.

    • Retired

      Remember Hillary and Obama came from that State .

  • John Shackelford

    Well folks in chicago, u have on choice, at election time get rid of every democrat at any elective office in the state. u had the same troubles last election, do no make the same mastake

  • ONLYJB1

    Want to recoup all of the states money? Go back 3 decades and freeze the accounts of all state and local democommie politicians. All large sums of money obtained during office will be confiscated and the individuals will be sentenced to life in prison @ GITMO! Money problems solved. That is unless they continue to elect democommies!

  • Dan

    Call Obama, maybe he can arrange a loan from Iran, after all didn’t he just give them trillions our our money?

  • Jerry

    Democrats run the state, now this is a perfect example of what they have intended to do to the country, an example that they can’t even run a state much less a country

    • Rodney Steward

      And Obama was proof of the country!

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