Patch on Politics
We're No. 1 — Illinois Has Nation's Worst Credit Rating
Despite 2011's 67 percent state income tax hike — which took a week's pay away from you — the state's financial problems have worsened.
Illinois now has the lowest credit rating of all 50 states. Standard & Poor’s rating services downgraded Illinois’ credit rating last week to A-, with a negative outlook. State Treasurer Dan Rutherford, who blamed the negative rating on inaction on the public pension system by Gov. Pat Quinn and the General Assembly, said Illinois is headed for "fiscal disaster." He said the lower rating will force the state to fork over more money on interest payments. This will affect state universities, road construction and other public institutions because more will go to interest than principal as these projects are paid for. “If you went out to borrow $500 because you have such bad credit, it will cost $95 more in interest than better-rated states…
BUTCH
10:18 am on Tuesday, February 5, 2013
Kerry does not have a reading problem,the poor soul has a comprehension disability due to his preferred choices of of Clear Channel Rant radio and watching FOX and friends! Now give us a sample of your literary skills so far your contribution has yielded nothing but negativity and know nothing nonsense! But it is more than expected from a lightweight. more ›