Sunday, April 11, 2004

Bond rating talk is irrational?

This Washington Post article ("A Wealth of Pride Behind Bond Rating," 4/11/04) suggests to me that of all the things that ought to be important to elected officials in Virginia, the AAA bond rating is neither worth much money nor is it worth many votes, so where's the beef? Nobody is going to get re-elected on the slogan - "Keeping the Commonwealth's creditworthiness as good as Maryland's."

(Professor Sabato apparently disagrees, as he is quoted as saying, "This is the kind of thing we expect from Maryland or D.C. Everybody will be in trouble, potentially.")

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