What a relief to learn last week that Standard & Poor’s had upgraded the state’s “issuer credit rating” to “stable” from “negative,” where it had been since 2002. Prompted by the recent jobs growth statewide and the fact that the state ended the fiscal year July 1 with $47.5 million more revenue than expected, the upgraded rating is the latest signal that the state’s economy is on the mend. As state leaders strive to meet obligations next year, at least higher borrowing costs shouldn’t be among their worries. But that’s no reason to go on a borrowing binge.
Posted by Rhonda Holman
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2 Comments
Put a Democrat in the capitol and things start to improve – despite Mays, Journey, and their ilk.
Really? Sebelius is the reason? People scorn the government when it is doing bad, and worship it when it is doing good.
How about crediting the good economy on Bush? Bush’s tax relief and now the unemployment rate is 5%… Pretty good.
Actually I think the people are the ones that makes the economy move and not the government so much, so I don’t credit them for much of it at all.
Although I really like Sebelius, she will have a tough time being re-elected next year.