Though he's only eight-months removed from suffering a stroke Illinois Senator Mark Kirk is talking up the state's recent debt rating downgrade in an online video statement. In the 90-second video the Republican lawmaker says the state is "disadvantaged" by the higher interest costs because of what Kirk calls quote, "poor debt management by our state."
Kirk says the downgrade impacts everyone in Illinois. Kirk goes on to say Illinois taxpayers will cough up an extra one-point-five million-dollars for every 100-million-dollars the state borrows. Last month Standard and Poor's Rating Services downgraded the state's credit rating citing weak pension funding levels and lack of government action on reforms.