GOP leader reacts to bond rating downgrade

Staff Writer
Woodford Times

Illinois has the worst bond rating of all 50 states.

“(Friday's) action by Moodys is a direct result of Mike Madigan’s failure to pass legislation reforming the public pension system which is bankrupting the state,” said Illinois Republican Party Chairman Pat Brady. 

“Madigan passed massive tax increases in 36 hours last year, but won’t touch the pension issue because it might jeopardize the millions in campaign donations he receives from organized labor.”

Brady continued, “In Madigan’s world, sound public policy long ago took a back seat to accumulating power and self-enrichment.  Illinois deserves better.”