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.