PA. Govt. hit by 5th drop in its credit rating in 2 years (one of 7 worst states)

[JPZenger]

http://www.abc27.com/story/26631487/pennsylvania-hit-by-5th-debt-downgrade-in-2-years

"The credit ratings agency said Thursday that it downgraded Pennsylvania's approximately $11 billion in general obligation debt from AA to AA minus. That puts Pennsylvania in the bottom seven of states rated by Standard and Poor's. Pennsylvania was last at AA minus in 1998.

The drop is the fifth in two years by a ratings agency. They primarily cite Pennsylvania's recurring budget deficits, rising pension debt, limited revenue growth and empty financial reserves.

Standard and Poor's issued the warning in April, two months before Gov. Tom Corbett signed a $29 billion budget that is balanced with more than $2 billion in stopgap measures."

[yeoman6987]

1. If we win nothing else in November,

We are guaranteed to take the Governorship of Pennsylvania. In fact, it would not surprise me if it is the first call of the night.

[SheilaT]

2. "Tis a consumation devoutly to be wished.

Wish I could claim credit for that line.