Friday, June 02, 2017

Illinois Bonds - Moody Downgrades To One Step Above Junk Bonds

Citing the State of Illinois massive pension debt and huge amount of unpaid bills using up 40% of it's operating budget, Moody's has reiterated what many of us already knew. The State is broke and many communities within the state will follow over the next 4 years.

Yes, Madigan and his ilk are really a shifty bunch or did I misspell the word?

1 comment:

Merle Widmer said...

I left out "failure to pass a budget over the last 2 years or more".