Patrick Cox's Tech Digest - View by Tag "illinois state government"

Illinois’ Budget Problems Are America’s Budget Problems

June 26, 2017

It looks like Illinois may soon be the first state to have its credit rating downgraded to “junk” status. If you don’t know what that means, it’s beyond “broke.” The Illinois state government is already borrowing to pay its bills. Now, the cost of borrowing will become even more expensive. At some point, big lenders may simply cancel the state’s credit cards.

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