Maryland Loses AAA Bond Rating For First Time in Over 50 Years, Gov Moore Releases Statement Blaming Trump

R

Rightturn On Red

New Member
Dim's have controlled MD General Assembly for a century but this is Trumps fault?

smnewsnet.com

Maryland Loses AAA Bond Rating For First Time in Over 50 Years, Gov Moore Releases Statement Blaming Trump - Southern Maryland News Net

Maryland Loses AAA Bond Rating for first time in over 50 years, ending a historic run of fiscal stability that stretched back to 1973. Moody's Ratings (Moody's) has downgraded the State of Maryland's issuer and general obligation ratings to Aa1 from Aaa, and assigned a Aa1 rating to the state's...
smnewsnet.com smnewsnet.com
 
NorthBeachPerso

NorthBeachPerso

Honorary SMIB
The Administration is totally ignoring the $3B structural deficit this year they plugged by raising some taxes, instituting or raising fees and accounting magic.
Then there's the projected $5B structural deficit next year and the close to $6B one the year after.
Those had as much, if not more, to do with the downgrade than anything else.
 
D

DaSDGuy

Well-Known Member
What happened to the old adage "Never put all your eggs into one basket"? MD still has more fed employees than any other state, so instead of diversifying the dems will just blame Trump and demand a bail out.
 
NorthBeachPerso

NorthBeachPerso

Honorary SMIB
DaSDGuy said:
What happened to the old adage "Never put all your eggs into one basket"? MD still has more fed employees than any other state, so instead of diversifying the dems will just blame Trump and demand a bail out.
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In all fairness Moore has been saying that the State needs to diversify employment since before he became Governor and the reason it doesn't keep up with job creation is due to the dependence on FedGov. The Legislature mostly ignores him on that as it did with every other Governor who brought it up.
 
Gilligan

Gilligan

#*! boat!
PREMO Member
Rightturn On Red said:
Dim's have controlled MD General Assembly for a century but this is Trumps fault?

smnewsnet.com

Maryland Loses AAA Bond Rating For First Time in Over 50 Years, Gov Moore Releases Statement Blaming Trump - Southern Maryland News Net

Maryland Loses AAA Bond Rating for first time in over 50 years, ending a historic run of fiscal stability that stretched back to 1973. Moody's Ratings (Moody's) has downgraded the State of Maryland's issuer and general obligation ratings to Aa1 from Aaa, and assigned a Aa1 rating to the state's...
smnewsnet.com smnewsnet.com
Click to expand...
Trump was president for only the last 4 months....how long has Moore been guvna? He's an idiot.
 
glhs837

glhs837

Power with Control
NorthBeachPerso said:
The Administration is totally ignoring the $3B structural deficit this year they plugged by raising some taxes, instituting or raising fees and accounting magic.
Then there's the projected $5B structural deficit next year and the close to $6B one the year after.
Those had as much, if not more, to do with the downgrade than anything else.
Click to expand...
Just gotta keep the rubes in line until he gets reelected. He doesn't plan on finishing that term anyway....
 
C

Czar

Well-Known Member
stgislander said:
At least they admit that MD thrives because of Fed govt largess.
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Not really thriving if you are totally dependent on someone else to fund you.

Spend way less so your credit is AAA, that is thriving.

What is the state of Maryland fiscally doing differently now vs 1973?
 
gemma_rae

gemma_rae

Well-Known Member
Who knew closing Six Flags would have such a devastating economic impact.

theme park dance GIF
 
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