Answer the following questions in paragraph form (each answer below the question):
1. Do you think the downgrade will stop Illinoisâ€™ partisan gridlock? Why or why not?
2. How should states address retirement liabilities and other entitlements?
3. How will the downgrade affect Illinoisâ€™ budget problems? Explain.
4. How did Illinois bonds react to the downgrade? Are the bonds now a bargain? Why or why not?