Illinois moves closer to becoming first ‘junk’ state with negative credit outlook

Illinois Policy Institute ^ | April 12, 2020 | Adam Schuster

[Lurkinanloomin]

Good advice.
This will not end well.

[dp0622]

I’m surprised NY has an AA+ still.

who’s rating these things? :)

[clearcarbon]

"Illinois moves closer to becoming first ‘junk’ state with negative credit outlook"

That's another trick biden learned from obama.

[eyeamok]

Can’t they just Raise Taxes???

This is when Thousands of Lawyers start brushing up on Chapter 9 of the Bankruptcy Code. Lots of States are poised to go bankrupt and hopefully wipe out their unsustainable PENSIONS!!!

[Alberta's Child]

For all its flaws, New York has a very strong pension system. Your biggest problem is future health care costs for government retirees, but that’s a problem that every state faces in one form or another.

[hsmomx3]

Same here and the people who keep voting for democrats....all they are doing is praising this lunatic in charge of the state. I just do not understand my friends and family.

[ronnie raygun]

NY and other big cities is not far behind, lets get rid of these rat corrupt scumbags

[dp0622]

I did no know that. Thanks for the info.

[Bonemaker]

Illinois (Chicago/’Cook County) has been “junk” for decades.

[kiryandil]

I love a happy ending.

[kiryandil]

Don’t be the one stuck looking for a seat when the music stops. Get out now.

Truer words...

[Don Corleone]

Danger: Democrats in charge!!

Venezuela in the viewfinder.

[PGalt]

Socialists want your money, your children, your wife or your life in no particular order.

[kiryandil]

A lot of people working remotely now will realize they don’t need to live in these places.

When the Dems decided to play the "shut down the economy" card - they weren't bright enough to run through the unintended consequences...

And the Dems are playing "chicken" with their property tax money machines - the schools and the teachers.

People are going to start wondering why they're paying for buildings that can't be used, because they're pestilence factories.

"It is to laugh." - those wild & crazy Czechs.

[PGalt]

“Can’t they just Raise Taxes???”

Raise taxes or “rendition” some seniors...oh...wait...

[shanover]

You get what you vote for. People are just fidiotic or just don’t care.

[socalgop]

The problem is that states themselves cannot declare bankruptcy, just subdivisions thereof. Congress would need to amend the code first.

[usconservative]

Governor FatAss Prickster is doing this all deliberately to pass his “progressive income tax” without voter consent. Watch.

[usconservative]

You know, the fat, POS Prickster is about one ham sammich away from literally exploding. I hope he eats that ham sammich today.

[2banana]

And still, insane public union pensions will be left unscathed.