According to Reuters, Moody's downgraded Illinois' bond rating from A1 to A2, citing the state's "financial woes stemming from the U.S. recession." Their rating is now worse than any other state, except for California. However, since an eventual recession was inevitable, the problem is not the recession, but the inability of politicians to control themselves during good times and bad (([node:content/141-climate-shift link]).
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