House Speaker Michael Madigan: Credit Downgrade Caused by Governor Rauner’s Desire to Cause Crisis

SPRINGFIELD, Ill. –(ENEWSPF)–June 9, 2016.   House Speaker Michael J. Madigan issued the following statement after Moody’s Investors Service downgraded Illinois’ credit rating Wednesday:

“Governor Rauner has created the crisis he so publicly sought. The crisis he wanted when, shortly after taking office, he said ‘Crisis creates opportunity. Crisis creates leverage … and we’ve got to use that leverage of the crisis…’

“It’s an outrage that we have gone nearly a year without a state budget. This downgrade is directly attributable to Governor Rauner’s reckless decision to hold the state hostage for more than a year and to create the crisis he desired. The governor’s own proposed budgets are billions of dollars out of balance, and, for almost a month, a bipartisan plan to provide emergency funding for human services providers and our most vulnerable has languished on Governor Rauner’s desk. He refuses to sign that bill because he continues seeking a state of crisis in Illinois.

“We are committed to continuing our negotiations with the governor on his agenda, but we won’t support an agenda that benefits the wealthy and corporations at the expense of middle-class families. The governor needs to work with legislators to pass a budget that ensures we continue to fund education, health care for the frail elderly and persons with disabilities, and other basic services that Illinois families rely on, rather than refusing to allow government to function in order to continue his manufactured crisis.”

Source: House Speaker Madigan’s Office