Blame State Spending, Not Trump, for Downgrade

Blame state spending, not Trump, for downgrade

While President Donald Trump can certainly be blamed for many nefarious things, Moody’s lowering of Maryland’s  bond rating isn’t one of them (“Moody’s downgrades Maryland’s credit rating,” May 14). In fact, Moody’s was quite clear that Maryland’s future unfunded mandates were the main cause. Should we be more specific? For starters, let’s talk about The Blueprint for Maryland’s Future which will cause the hiring of 15,000 additional teachers, s…

State Roundup: Moody's downgrades Maryland's Triple-A bond rating, first time since 1973; Overdose deaths drop 29.2%

MOODY’S DOWNGRADES MARYLAND’s TRIPLE-A BOND RATING; A FIRST SINCE 1973: Maryland lost its triple-A bond rating from Moody’s on Wednesday, a rating the state has cited for more than 50 years as a sign of strong fiscal stewardship. Moody’s downgraded the state’s credit rating to Aa1. Maryland had received a triple-A bond rating from Moody’s since 1973. The state has benefitted from the higher rating by paying the lowest rates when it sells bonds t…

Maryland’s credit dips for first time in decades. Democrats blame Trump.

“Paying The Price For Failed Leadership”: Maryland Hit With Moody’s First Credit Downgrade In 50 Years

from ZeroHedge: Maryland’s tax-and-spend Democrats—obsessed with a far-left progressive agenda, ranging from condoms for kids to gender identity to reparations to climate change to criminal illegal aliens—have pushed the state closer and closer to the brink. The self-created financial mess unfolding in the state predates President Trump’s second term and derives from leftist activists who have seized power in recent years and squandered […]

“Paying the Price for Failed Leadership”: Maryland Hit with Moody’s First Credit Downgrade in 50 Years

(Zero Hedge)—Maryland’s tax-and-spend Democrats—obsessed with a far-left progressive agenda, ranging from condoms for kids to gender identity to reparations to climate change to criminal illegal aliens—have pushed the state closer and closer to the brink. The self-created financial mess unfolding in the state predates President Trump’s second term and derives from leftist activists who have seized power in recent years and squandered taxpayer fu…

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

Maryland Loses AAA Bond Rating for first time in over 50 years, ending a historic run of fiscal stability that stretched back to 1973. Statement by the Maryland Freedom Caucus – “Governor Wes Moore’s attempt to shift blame for Maryland’s credit downgrade is as misleading as it is predictable. Democrats have controlled the Maryland General Assembly for over a century and have dominated state policymaking through consistent legislative majorities.…