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Another Win for Illinois: Now Worst Debtor State

Written By : Warner Todd Huston
January 9, 2012

On the same day that it was reported that the checks sent to Illinois lottery winners had bounced, another more serious announcement was made. Moody’s investment service had cut the state’s credit rating from A1 to A2 making the Land of Lincoln the worst state in the union… again.

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Now Illinois has the lowest credit rating of any state thanks to its inability to solve is increasing pension debt problems, its over spending, and its other overwhelming financial problems.

A second service, Standard & Poor’s, ranked only California lower than Illinois.

The Democrat Party has destroyed the state. There won’t be any fixing this until the politicians have been chastened and the Democrat Party is shaken from power. Further it won’t happen until the state’s Republican Party finally stops being the Democrat’s handmaidens, supping on the scraps from the Democrat’s table and starts acting like a real Republican Party.

Unfortunately, I don’t see that happening until the state utterly crashes and burns. Imagine the whole state like Detroit. Then you’ll start to see what I mean.

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