S&P warns delayed spending cuts could push Illinois into ‘non-investment grade’ territory – Center Square

“The lack of additional federal stimulus increases the likelihood of a worse economic outcome,” the report said. “Furthermore, potential layoffs at state and local government levels could contribute to a lasting drag on Illinois' economy.”
1 Comment
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Juicy Smollier
5 years ago

But they are paid by IL to keep them out of the junk category/IL has to request their analysis … are they finally just going to publish the real truth about IL and bury them as a joke and junk finally?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE