How Illinois became America's most messed-up state – CNNMoney

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Illinois could become America's first 'junk' state

Illinois could become America’s first ‘junk’ state

Politicians are notorious for making promises they can’t keep. But they really outdid themselves in Illinois — and now the state is paying for it.

Illinois is on the verge of becoming America’s first state with a junk credit rating. The financial mess is the inevitable result of spending more on pensions and services than the state could afford — then covering it up with reckless budget tricks.