Republican Governors Prove That Conservative Economic Principles Work
Standard & Poor’s Ratings Services upgraded Ohio’s debt rating just one day after it put the United States on “credit watch negative” on what it calls a rising risk of policy stalemate in the debt limit negotiations.
For Ohio, the rating was revised from “negative” to “stable” after Gov. John Kasich signed a new budget the ratings agency says will essentially balance the state’s finances for the next two years. S&P also said Ohio is experiencing a modest economic recovery which has stabilized revenue.
In making the upgrade, the agency also assigned a “AA+” long-term rating to Ohio’s $416.75 million general obligation bonds… “
After a significant decline through the recession, Ohio’s economy is steadily recovering,” according to S&P’s statement issued Friday.
The agency listed factors such as Ohio’s unemployment rate has stabilized and fallen to 8.6 percent through May 2011 from a peak of 11 percent in March 2010. The also state experienced positive employment growth in 2010 and through the first quarter of 2011…
S&P Raises State of Ohio's Credit Rating; Cites GOP Governor Kasich's Whining About His Predecessor and His Budget, But Mostly His Budget
How about Indiana Governor Mitch Daniels whose state is enjoying a 1.2 Billion dollar surplus. And he’s rewarding State employees with a one-time bonus of between $500-$1000.
State Employees To Receive Bonus | News - Indiana Public Media
And what political party does the governor of CA belong to eh?