Illinois Faces Risk of Junk After Voters Reject Tax on Rich – Bloomberg

5 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
5 years ago

Good. Hopefully they feel some debt market pain. The Bond Gods are tolerant Gods, but when they mete out discipline they are merciless

Poor Taxpayer
5 years ago

It is not Junk, it is sewage.
Fish paper has more value than Illinois or Chicago bonds do.
No chance they will ever pay back any bonds.
Nothing but an illegal Ponzi scheme.
Illinois pension funds should have to buy them and pray.
Selling out generations to come is the Illinois way.

Riverbender
5 years ago

Another threat of being declared junk status…yawwwwwn.

Governor of Alderaan
5 years ago

Illinois bonds were junk long before they officially were called junk

anonymous
5 years ago

It was to be a tax on the middle class. Lard boy would never have “paid his fair share” and he is a billionaire.

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