Illinois Taught Obama All He Knows About Governing

Lincoln Weeping

 

 

Well, the Land of Lincoln, and the home state of the South Side Messiah, has another distinction:

 

 

The Land of Lincoln now has the worst credit rating of any state in the nation:

llinois’ 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.

Finally…we beat California at something.

 

 

For those of you lucky enough not to live in my home state it is hard to convey the hopelessness and helplessness that is a part of living in the aptly named Sucker State currently.  The economy is bad, our State is hopelessly in debt, and Springfield is in the iron control of uber liberal Chicago Democrat politicians who seem only concerned to raise taxes to keep the State pension money flowing until they are safely out of office, and to steal anything not nailed down.  The political corruption that is endemic in the State is symbolized by the fact that three members of the General Assembly are currently awaiting trial on felony corruption charges.    The State is effectively a one party system with the Democrats having rammed through a gerry mandered map in 2011 that has to be seen to be believed.  In any case the Republican party is moribund with most GOP elected officials only a little less eager than Democrats to steal what they can before the State collapses.  This is the future that Obama sees for the entire nation.  Lincoln weeps.

 

 

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  1. Silver Lining Department:

    IL is number one in horseradish production.

    And, with a little effort, IL can improve its number three ranking (behind CA and NY) in the “most politically corrupt state” category.

  2. What’s worse is that the pension liability problem COULD be alleviated considerably, were it not for the fact that IL has become so dependent upon short-term borrowing that when the bond houses say “jump,” we have no choice but to say “how high”? For this reason alone, some common-sense measures that wouldn’t risk massively expensive legal action are kept off the table.

    The unfunded pension liability is a problem that didn’t develop overnight (it’s been around for decades), can’t be blamed entirely on any one person, party or group of people, and can’t be solved overnight without doing considerable injustice to retirees, taxpayers, or both. The reasons for this are kind of complicated and I can explain them in later posts if anyone is interested.

  3. ….more silver lining; University of St. Mary of the Lake in Mundelein IL. And Marytown.

    My point is ” where sin abounds grace abounds all the more.” One of the greatest retreat centers is Marytown. Perpetual Eucharistic Adoration for over 85 years in this Holy sanctuary. IL. has it’s challenges sure, but it also has sacred homes that Abe would be lifting his head and heart to.

  4. Aside from the fiscal lunacy and greedy corruption:
    Chicago has a Life Dept. !
    Hope for IL in an organized, spirited group in numbers that could probably fill two buses. My group was uplifted by walking near them for a time on Friday afternoon on Constitution Ave. with the snow beginning to fall. I’ll try to describe, although the impact was their creative variety of chants, for which I wish I took notes.
    Yellow hooded sweatshirts with LIFE on the backs in white, arm emblems on the idea of fire or police depts. – red four petals with Chicago Life Dept. in center.
    A couple of drummers to accompany as if a march.
    An arch of yellow balloons and a couple of clustered ones.
    Led by a ‘boat’ with wheels that could be raised by a few people, made of sturdy branches with a platform for the chant leader, festooned with yellow balloons.
    They were spirited and singing out their messages for all around to hear. (Great for tired, cold ones around them … )
    They stopped at the steps to the Russell Senate Ofc. bldg., which sported a camera on the second floor balcony and guards on the roof.
    Being short on memorizing powers, I noted they had at least ten chants, as well as patriotic songs. There was: Hey, hey, ho, ho; Roe v. Wade has got to go. And from a rock song, We will, we will, Save you. Salve Regina – first verse.
    We tarried for a while, the sons and daughters of some in our group paying attention and talking about next year…
    I wonder where they stopped next, we had a bus waiting – schedules to follow.

  5. PM-
    Thanks for the remembrance. The chant, We will Save you, is perfect. It is going to happen. The end of legalized abortions will take place.
    We must keep at it. Prayer and action.
    Thanks for sharing some of the event with us.