Wednesday, August 29, 2012

Failure: S&P lowers Illinois bond rating

Once again, citing the state's massive unfunded pension liabilities, Standard & Poor's has lowered Illinois' bond rating--from A+ to A.

I don't expect to hear much about President Obama's home state during next week's Democratic National Convention.

Four years ago at the DNC in Denver Rep. Jesse Jackson Jr. declared, “Illinois is America.“

When you look at our runaway federal spending, I have no choice--this time--but to agree with Junior.


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