U.S Senator Mark Kirk of Illinois must reign in its massive debt and bring reform to the pension system, otherwise it will remain in dire straits.   Kirk issued a report that highlights some of the state's biggest problems, including its underfunded pension systems and a poor credit rating.  In fact, Kirk says Illinois has the poorest credit rating in the nation.  The state is unable to cover 40-percent of its pension obligations and is paying three-billion-dollars a year in interest on borrowed money.  Kirk says Governor Quinn's administration should not expect a federal bailout.