Tuesday, June 08, 2010

As Blago trial begins, Illinois' bond rating lowered

Opening arguments began this afternoon in the corruption trial of Rod Blagojevich. How fitting: Because ThirdWaveDave e-mailed me just now to let me know that Illinois' credit rating has been lowered. Again.

Blago used a smoke-and-mirrors method of "balancing" the budget, and his onetime running mate, Pat Quinn, is adding to the wreckage.

Related posts:

Illinois' bond rating lowered again
Illinois' credit rating drops--only California has a lower one
UPDATED: Gov. Quinn's pay-for-play budget: Borrow $4.7 billion

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