Ohio credit rating could drop again

Dispatch story

The short sightedness of the Strickland administration is staggering.

Now we will pay more to service our debt. Yes, the debt that politicians are addicted to with your tax money.

"The lower a state's credit rating, the more expensive it becomes to borrow money to finance a variety of infrastructure projects."

"Moody's analysts noted that Ohio has a strong history of reducing spending to respond to economic challenges but said the state is increasingly using one-time cash solutions to fill continuing budget obligations."

Which makes one wonder what happens the next time we have to deal with the budget again. Will there be massive spending cuts or massive tax increases (driving more people to Florida and Texas).

My guess is, if the dems are in control, there will be massive tax increases. We all saw how frightened Strickland became when little old librarians got mad at him. He will continue to try to make Ohio into Las Vegas.

If the GOP is running the state government, who knows? If it's the old low tax, low spending GOP we'll be in good shape. If it's Bob Taft's GOP.....well I'm not going there, it's too nice of a day to get mad.