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Illinois downgraded: The Deadbeat State gets deadbeatier

By Tom Rogan
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Illinois downgraded: The Deadbeat State gets deadbeatier

The land of Lincoln needs a new nickname.

People had taken to calling it “the Deadbeat State” after it started issuing IOUs in lieu of payment to vendors and even lottery winners. But now you can also call it the Just-Above-Junk State.

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Commentary Fiscal Policy Illinois Moodys Pensions Tom Rogan