"It's A Real Meltdown Today"
Municipal Bond Analyst Shook Over Bruce Rauner’s Record-Long Budget Crisis
Chicago, IL — With state bonds being downgraded twice last week and a federal court ordering Illinois to find money for Medicaid payments just yesterday, municipal bond analysts are shook over the state’s worsening fiscal crisis under Bruce Rauner’s failed leadership. One analyst was not mincing words about the tumult breaking out among investors, telling Reuters: “It's a real meltdown today.”
This comes as the state has reached day 708 without a budget and the bill backlog is estimated to reach $16 billion by the end of the fiscal year on June 30. In the meantime, Rauner continues his media tour around the state to promote an agenda that even Republicans admit won’t help get our state back on track.
“It’s no surprise that our dire fiscal situation worsens each day under Bruce Rauner’s failed leadership,” said Pritzker campaign spokeswoman Jordan Abudayyeh. “While investors are panicked, Rauner remains unbothered as he tours the state to promote his teardown agenda that ultimately won’t solve our budget crisis. It’s clear Rauner’s priorities are with his special interest friends and wealthy corporations instead of the Illinoisans who will continue suffering because of his failures.”