11 times since Governor Pat Quinn succeeded his two-time running mate, Rod Blagojevich.
Today the state announced that it will delay the sale of $500 million worth of bonds--citing unfavorable market conditions.
Whoah. In regards to the last downgrade, when Standard & Poor's lowered Illinois' credit rating to A-, it also gave Illinois a negative outlook and said that another downgrade was possible. The Prairie State's rating is just two notches above "junk."
Illinois should sell those bonds now--before the next downgrade.
Technorati tags: pensions Politics economy news Patrick Quinn pat quinn government illinois politics
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