Updated 2:45 p.m. Chicago time on Wednesday with Giannoulias statement....
"Just like a typical politician, Congressman Mark Kirk's hypocrisy knows no bounds. While Congressman Mark Kirk continues to refuse to explain why he has embellished his record for over 10 years, including falsely claiming he served in combat, he seems to have 'misremembered' that he supported the failed, reckless Bush policies that brought our economy to its knees." -- Kathleen Strand, Alexi for Illinois spokeswoman
below, from Kirk campaign...
Moody's Decision to Downgrade Illinois' Credit Rating Reminds Voters of Clear Contrast in U.S. Senate Race
Kirk outspoken on wasteful spending, need for fiscal discipline;
Giannoulias silent on state debt crisis, backs more wasteful government spending
Northbrook, Ill. - The Kirk for Senate campaign today called Moody's decision to downgrade Illinois' credit rating a "major wake-up call" to voters as they consider their choice for U.S. Senate.
Yesterday, Moody's lowered Illinois' general obligation bond rating to A1, which is four notches below AAA. The move came after the General Assembly failed to address the state's structural budget imbalance for the coming fiscal year. Meanwhile, as Springfield struggles with the state's ballooning debt, the state's banker remains silent.
"Our state is in fiscal crisis and our state's banker is nowhere to be found," Kirk campaign spokesperson Kirsten Kukowski said. "While Congressman Kirk voted against wasteful government spending and backed efforts to balance the budget, Alexi Giannoulias stands by and watches as our state's credit rating drops lower and lower."
Congressman Kirk supports the line item veto and cosponsored the Balanced Budget Amendment. He voted against the wasteful trillion-dollar stimulus bill and opposed efforts to raise America's debt ceiling. In early 2008, Congressman Kirk became the first member of the House Appropriations Committee to swear off earmarks.
By contrast, Alexi Giannoulias not only supports the trillion-dollar stimulus, he said "It should have been even bigger." While staying silent on Illinois' growing debt crisis, Giannoulias supported the trillion-dollar health care bill, which adds over one billion dollars to the state budget deficit.
"There's a reason why job creators like the Illinois Chamber of Commerce endorsed Mark Kirk over Alexi Giannoulias," Kukowski said. "For voters who want to cut wasteful government spending and get our debt under control, Mark Kirk is the only choice for Senate."