Illinois Downgraded

Worst. In. The. Nation.

Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.

The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.

The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.

The downgrade now ties Illinois with California, but California has a positive outlook. Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.

All you have to do, however, is cross the Mississippi into Iowa to enter AAA bond rating county. That’s the difference between the sophisticated political machine of Chicago and the simple, clodhopper politics of Des Moines.

That does not mean all is well in Iowa. The president, as you know, is the head of a sophisticated political machine with a pedigree in Chicago. He means to do to the rest of America what has been done to Illinois.

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10 Responses to Illinois Downgraded

  1. R.D. Walker says:

    I feel sorry for the outvoted conservatives in southern Illinois. They have far more in common with Kentucky and Tennessee than Chicago.

  2. whosebone says:

    California has a positive outlook? What does that mean, that jerry brown ate some mushrooms?

    • EastBayLarry says:

      Brown has been eating a lot of mushrooms.
      California is still in better shape ONLY because we started from a higher GDP. It naturally takes longer to fall to the bottom.

  3. notamobster says:

    Can you imagine growing up in a country, with Chicago as it’s model? God save us.

  4. Slaphappypap says:

    Ugh. I’ve got nothing.

  5. Tatersalad says:

    Barack Obama does NOT care if Illinois is down graded, whether California is also down graded or any other state for that matter. Why? Eventually, Obamacare will down grade every state anyhow and all will be equal in debt and subservient to the federal government. It will take time but it will happen.

  6. Rockheim says:

    You know.. Every day for the last 5 years brings yet another reason that I regret moving to Indiana..


    Sorry. I couldn’t resist.

  7. Ray Davies says:

    NO!!!! DAMNIT!!! We already have enough people from Chicago In Iowa City,Cedar Rapids and Waterloo. The crime including shootings are going up, and now, they want to put in a fast train between Des Moines and Chicago to get them here faster. We need a wall,or at least make them swim the Mississippi.My taxes are going up to pay for the Chicago welfare cheats to live in here.
    I watched a (Obese) woman pay for a basket full of food with a state card yesterday and then came out and got into a relatively new Hummer H2. Talk about being pissed off. Yeah,ME.

  8. Tatersalad says:

    Dick “Turbin” Durbin doesn’t want to talk about this and keeps shilling that the economy is doing great. He is just like being one of the orderlies on the Titanic and Barack Obama is the captain. Useless Idiots!