Dan Rutherford and Jeff Brown on Pensions and Illinois’ Bond Rating

January 29, 2013
Squeezy, Illinois' pension python, was introduced by governor Pat Quinn last year.

Last week, Illinois' bond rating was reduced again by several credit agencies, making it the lowest rated state in the union. What can be done about the state's pension issue? State Treasurer Dan Rutherford and economics professor Jefferey Brown of the University of Illinois talk us through it.