Illinois Policy said it could get worse: the state is one notch above “junk” on our credit rating

The downfall of Illinois’ credit rating since Madigan has made the state go into the tank.

The Annie Frey Show
September 02, 2020 - 3:31 pm

Senior budget and tax research director Adam Schuster explained how Madigan has dumped the state’s credit over the last 40 years due to poor policy choices.

Schuster’s article on Illinois Policy highlights the following:

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“Madigan has used his power to build unprecedented levels of state debt, primarily by helping secure for politicians and public union workers generous retirement benefits that have proved unaffordable for the private sector workers and businesses who fund Illinois government. In return, union leaders are one of Madigan’s chief special-interest allies and political funders.

The results for Illinoisans have been disastrous.”

To read more from the article, CLICK HERE.