Illinois’ credit rating has taken another hit. Standard & Poor’s Ratings Service downgraded the state from an “A” rating to “A-minus”, making it the worst in the country.
The New York ratings firm’s ranking means taxpayers may have to pay tens of millions of dollars more in interest when the state borrows money for roads and other projects.
The downgrade is the latest fallout over the $96.8 billion debt to five state pension systems.
The downgrade now ties Illinois with California, but California has a positive outlook.
Illinois’ fragile overall financial status netted it a negative outlook, putting it behind California overall.
The ratings came out now because Illinois plans to issue $500 million in bonds within days.
The last day.
Convicted former Illinois Gov. Rod Blagojevich’s final hours of freedom are winding down before he must report to Federal Correctional Institution (FCI) Englewood in Littleton, Colo., Thursday to serve his 14 years for corruption.
On Tuesday, Blagojevich took his wife and two daughters to Lincoln Park Zoo to enjoy the mild weather. When they arrived home, neighbors greeted them, offering the former governor support. On the sidewalk outside his home, posters are still seen with messages thanking Blagojevich and expressing outrage at the severity of his sentence.
Don’t do the crime if you can’t do the time.
Since 1976, the Northern District of Illinois, which encompasses mostly Chicago, has racked up the most convictions for public corruption of all 94 federal districts — 1,531, according to the study by the University of Illinois at Chicago. The runners-up were the Central District of California, which covers Los Angeles, and the Southern District of New York, home to Manhattan.
An article that discusses much of what we all inherently know.
The problem, union supporters say, isn’t that the workers are getting too much but that state leaders have been shortchanging the system for a generation, avoiding tough budgetary choices in lean years by failing to make the pension fund payments they were supposed to make. The failure to adhere to that payment schedule, they say, is what dug the hole that some now want to fill by cutting workers’ benefits.
A new state law requires those who buy drain cleaners and other caustic substances to provide photo identification and sign a log.It’s getting a rough reception from customers and merchants alike although perhaps none more than a cashier at Schroeder’s True Value Hardware in Lombard.“They’re not very happy about it at all,” said Don Schroeder, one of the store’s owners. “One of the customers actually threatened the cashier and threatened to throw the acid on her.”
More nanny-state liberalism. Illegal aliens roam the streets with impunity, but I have to bring a state I.D. to buy Draino. Illinois is pathetic.
A Cook County court judge initially dismissed Zokhrabov’s lawsuit against the boy’s estate, ruling that Joho could not possibly have anticipated Zokhrabov’s injuries.
But ruling in what it called a ‘tragically bizarre’ case, a state appeals court disagreed.
It found that ‘it was reasonably foreseeable’ that the high-speed train would kill the college hopeful and fling his body toward a platform where people were waiting.
The courts in Illinois are corrupt and sick. An accident is an accident. The legal system and the lawyers who exploit it are disgusting.
While immigration advocates are hailing the new ordinance as a step toward equal treatment under the law, one Cook County Commissioner says Sanchez’s release underscores his concern that suspected felons — not just those arrested on minor misdemeanor charges — can now avoid federal authorities seeking to deport them.
“All agreements are subject to the clause in the Illinois law that says ‘subject to appropriation,’” Quinn said while touring a Chicago Public School on the first day of classes. “If the General Assembly doesn’t appropriate the money, the governor doesn’t have the authority on his own motion to appropriate money. So I have to abide by the will of the General Assembly. They passed a budget that requires reductions, and therefore we’ll have to carry those reductions out.”
In other words, you public employee suckers should read the fine print before you back a guy like this!