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  • ILLINOIS GETS FIRST CREDIT UPGRADE IN 20 YEARS. IT TOOK $138 BILLION IN FEDERAL RELIEF FOR IT TO HAPPEN

Illinois gets first credit upgrade in 20 years. It took $138 billion in federal relief for it to happen

JULY 1, 2021 | by Ted Dabrowski, John Klingner | WIREPOINTS

By Ted Dabrowski and John Klingner, includes “…Ignore the claims by Illinois lawmakers of their heroic acts of ‘balanced budgets,’ ‘fiscal discipline’ and the like. Even if those claims were true – and they are not – they couldn’t by themselves create such a swing in Illinois’ short-term fortunes. Credit, instead, the massive $138 billion in federal funds from the multiple COVID relief and stimulus packages – as compiled by the Committee for Responsible Federal Budget – that are now flooding Illinois’ public and private sectors.”

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