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How to Earn a Credit Rating Upgrade the Ohio Way

 

Even as credit agency Standard & Poor’s threatens to downgrade the credit rating of the United States – in fact, it’s all but inevitable at this point – the state of Ohio just got its credit rating upgraded, from “negative” to “stable.” 

This action was taken because Republican Governor John Kasich was able to produce a budget that “will essentially balance the state’s finances for the next two years,” according to the Dayton Business Journal.  This budget wiped out the largest shortfall in Ohio state history, without raising taxes.

How did he do it?  Take it away, Governor Kasich:

 

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Written By

John Hayward began his blogging career as a guest writer at Hot Air under the pen name "Doctor Zero," producing a collection of essays entitled Doctor Zero: Year One. He is a great admirer of free-market thinkers such as Arthur Laffer, Milton Friedman, and Thomas Sowell. He writes both political and cultural commentary, including book and movie reviews. An avid fan of horror and fantasy fiction, he has produced an e-book collection of short horror stories entitled Persistent Dread. John is a former staff writer for Human Events. He is a regular guest on the Rusty Humphries radio show, and has appeared on numerous other local and national radio programs, including G. Gordon Liddy, BattleLine, and Dennis Miller.

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