S&P Downgrade Could Cause Trouble For Maryland
As Wall Street braces for another topsy-turvy day in the wake of Standard and Poor's credit downgrade, Maryland still retains its AAA bond status, but some are questioning how much longer that may stand.
With Maryland's proximity to the federal economy, the state may lose its AAA bond rating, too, according to Comptroller Peter Franchot.
"We in Maryland have always paid attention to putting our fiscal house in order. We have a AAA bond rating that we've worked really hard for, but it's probably going to be taken away, through no fault of our own," Franchot told 11 News.
He said that will directly affect Maryland consumers.
4 comments:
yep keep sending those illegals to college for free, see what happens.
Has no one learned, look at what Carter did to Florida...
yep, our illustrious gov has really done a great job of wasting our money. he and our other state leaders all suck. they dont care any more about us than the feds do. they are all killing us. they are setting this country up for a fall and when it comes and the revolution starts they will all be crying and boo hooing. shame on them. thanks sjd
Maryland has been in D.C.'s hip pocket forever. The closer one gets to the beltway the crazier they are.
No government cares about you. Just keep sending them your money. If you stop, then they will care about you and come pay you a visit.
but "our focus is job creation". "How can this be?"
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