Illinois will pay an extra $130 million in interest on a bond issue this week. Thank the Civic Committee.
By his own admission, Civic Committee head Ty Fahner met with the bond rating agencies and told them to lower Illinois’ ratings.
They did what he asked.
As the question and the answer in the video shows, the intent was to create political pressure on the state legislature to cut constitutionally guaranteed state pension benefits.
It will also cost the state and taxpayers millions of dollars.
Ironic, considering Fahner created a phony front group for the Civic Committee called Illinois is Broke.
This week Illinois will pay an extra $130 million in interest on bonds because of Fahner’s lobbying efforts.
Where is the Attorney General?
Why no investigation?
Where is the press?
Why no stories?
Are they afraid of the Committee of the rich and powerful?