MORE ACCOMPLISHMENTS FOR GOV. JINDAL AND LOUISIANA!
Standard and Poor’s is a credit rating agency. They have recently upgraded the bond rating for the State of Louisiana twice in two days. This will make it possible for the state to borrow money at cheaper rates of interest. The Advocate quoted a state official as saying this is a “huge” development. Standard and Poor’s is quoted as saying that Louisiana is doing “‘significantly better than most other large states in the country.’” The agency also cited (I quote the Advocate article) the “strong management” and “‘commitment to streamlining its government functions.’”
The Advocate reports that other agencies such as Moody’s and Fitch’s have raised their ratings for the Pelican State. The State Treasurer, John Kennedy, was quoted that this will save $2,700,000 in interest for twenty years. Kennedy also told the Advocate that Louisiana is in better financial condition than other states in a bad economy.
Thanks for this tip to GOP 12 again! Go read it daily! GOP 12 is great!
I would add this: Moody’s has warned the Federal Government that the deficit must be cut or the United States might lose its Aaa credit rating. This should warn all of us and the Obama adminstration that we must abandon health care reform and other new projects and programs other than what is absolutely necessary. We must also consider what Cong. Ron Paul says and find ways to cut back our foreign troop involvements as well. The GOP must rally behind the slogan, “No new programs until we cut the deficit!”
Perhaps it will take a President that has improved his state’s credit rating and brought necessary reforms to step up to leadership. Someone like Governor Bobby Jindal.
