Obama’s Home State of Illinois Credit Rating Downgraded to Worst in Nation

Democrats have controlled much of Illinois and Chicago for the past ten years.  Barack Obama rose politically in the Illinois Democratic Party and shares many of the same ideologies that them.  The current mayor of Chicago, Rahm Emanuel is Obama’s former Chief of Staff.  And if you want to get a glimpse of where the American economy is headed, just take a look at Obama’s political home state of Illinois. Just last week, Standard and Poor’s downgraded Illinois’ credit rating from A to Read more […]

Media Blame Conservatives for Ratings’ Downgrade

So Moody’s is threatening to downgrade US debt from AAA to Aaa. This gives reporters fodder for interrogating Republican politicians because they need to “do more.” The Associated Press reports: Moody’s Investors Service said Tuesday that it would likely cut its “Aaa” rating on U.S. government debt, probably by one notch, if budget negotiations fail. Boehner was asked at a Capitol Hill news conference how confident he was that negotiations would prevent the government from hitting the so-called Read more […]