(06-01-2017 09:45 PM)DogPoundNorth Wrote:  

(06-01-2017 09:42 PM)MiamiHuskie Wrote:  "Illinois today received the fiscal dividends of sorts from again blowing through a budget deadline: S&P Global Ratings dropped its view of state general obligation debt to one level above junk, and moved bonds issued by the Illinois Sports Facilities Authority and the Metropolitan Pier & Exposition Authority into the junk bonds bracket.

Later in the day, Moody's Investors Service followed with its own downgrade, moving Illinois GO bonds from Baa2 to Baa3. That, too, is just one level above junk.

The cause, according to S&P: "the severe deterioration of Illinois' fiscal condition, a byproduct of its stalemated budget negotiations, now approaching the start of a third fiscal year," the rating service wrote in a report. "In our view, the unrelenting political brinkmanship now poses a threat to the timely payment of the state's core priority payments."

Blame democrats all you want, but at least when there was a democratic gov. there was a budget.

Now....commence being upset.

There is a ...

Republican Governor.
Republican President.
Republican Senate.
Republican House of Representatives.
Republican controlled Supreme Court.

Yeah, I'm so upset.