Illinois Named Lowest-Rated State in the Nation

From the Friedman for State Senate campaign…

Late Friday, Illinois families received another hard economic blow in the form of a major credit rating downgrade by Moody’s Investor Service. In reducing Illinois to A2 from A1, Moody’s has given Illinois the worst credit rating of any state in the union. Unsurprisingly, Moody’s explained that the rating came after a legislative session that “took no steps to implement lasting solutions to its severe pension under-funding or to its chronic bill payment delays.”

Appalling.

Dr. Friedman stated in response to the downgrade, “I am angry and saddened. While I agree with Moody’s when it states that Illinois has ‘weak management practices,’ I believe that they have significantly understated the situation. Governor Quinn, Speaker Madigan, and Senate President John Cullerton have repeatedly demonstrated that they are utterly out of touch with the damage their policies are causing.

“No matter how much we borrow, no matter how much we raise taxes and fees, no matter how many casinos we build, the people of Illinois will continue to suffer until we get new leadership in Springfield. It’s time to end the irresponsible piling up of debt and the deadbeat practice of not paying our bills.”

The only way to change the direction of Illinois is to send a new generation of public servants to Springfield. It’s time for us to put our trust in citizen legislators with real-world backgrounds. Only then will Springfield reflect the needs of the people and begin to take the actions necessary to turn this state around.

Dr. Arie Friedman and his wife Michelle are parents of five children and live in Highland Park. A graduate of the University of Chicago, he finished at the top of his medical school class at the University of Illinois Medical Center in 1998. He opened a pediatric medicine practice in Lake County in 2001. Prior to attending medical school, Dr. Friedman served in the United States Navy as a helicopter pilot. During his seven years of active duty, Dr. Friedman flew SH-60B Seahawk helicopters out of Naval Air Station North Island, California, from which he deployed twice, including once to the Persian Gulf as part of Operation Desert Storm.

www.FriedmanForSenate.com

Leave a comment