Thursday, January 24, 2013

Paul Lepage and the Cost of Pettiness



Today we were advised that one of the credit rating agencies has lowered the State of Maine's credit rating to AA from the higher rating of Triple AA. What does this mean? It means that they have less confidence in the financial health of the State of Maine. And like you or me when our credit rating is lowered it means that the cost of borrowing increases. This is never a good thing.

What is more concerning is the statement released by Fitch and company that stated that while Maine's significant budget gap was a cause of this drop it was not the only reason. One does not need to wonder what else caused the change. We are told by Fitch that they are concerned over the " contentious decision making environment" present in Augusta.

Let me spell it out for you. L-E-P-A-G-E. Lets keep in mind that it is not the Democrats who are refusing to meet with the Governor. It is not the Democrats who call names and storm out of a meeting. In short it is not the Democratic leadership or members who perform the equivalent of a teenage girl running upstairs and slamming their door or a boy not allowed to pick the teams taking his ball and going home.

It is our one and only Governor. Paul LePage. I do not know anyone who needs more evidence to be convinced what a terrible Governor he is but if one does consider how much money he will be costing us because of this drop in the state's credit rating.

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