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With Dems in Charge, NH's Bond Rating is AA+

by: Jennifer Daler

Sun Jul 11, 2010 at 19:23:43 PM EDT
This positive news was mentioned inTom Fahey's column today.
The higher the rating, the lower the interest rate a borrower has to pay, so the positive Fitch report saves the state money.

Yahoo Finance also reported the reasons for the high rating:
-
-New Hampshire's economy had been strong and resilient when compared to surrounding states coming into the economic downturn and strong growth is expected to return as the national economy recovers.

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The state takes timely action to maintain budgetary balance. State actions to balance the budget include various revenue increases, expenditure reductions, fund transfers and bond issuance in lieu of paygo school building aid.

KEY RATING DRIVER:

State's continued ability to meet funding needs and maintain balanced financial operations within a limited revenue system that is susceptible to business cycles.

The state's economy is in excellent hands with the Democratic majorities in Concord.
Ray Buckley reported on what the other side wanted to do instead, which would have had devastating consequences for the state's economy.
Jennifer Daler :: With Dems in Charge, NH's Bond Rating is AA+
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With Dems in Charge, NH's Bond Rating is AA+ | 6 comments
NH Watchdog Pity Party? (0.00 / 0)
If you only listen to the talking tweeps you would have thought that under Gov. Lynch, NH was going through a hole in the floor.
We have been though the roughest economy any of us have ever seen, and we're okay. It's Government, okay, and far from perfect. But we, as a state, have a better platform for recovery than almost any state in the country. Our fiscal house needs some bolstering and repair, especially in the area of regulatory oversight, but its not under the crushing pressures of say, NY or CT or CA, with low bond ratings and high needs to boorow.
We also have concurrently gained better protections for all our individual rights, because we, along with Gov. Lynch, have broadened our understanding of our responsibilities to each other as Americans to live up to the values in our Constitution. Prudence and good planning, broadened respect for each other's civil rights; not too shabby.

for transparency sake ~I represent Union print shops
The extent to which our agents of government in NH are (4.00 / 1)
respectful of our civil rights is questionable.  Our Secretary of State, for example, is not fully supportive of facilitating the vote and insuring an accurate, verifiable count.  One recent Attorney General has made efforts to make public records inaccessible to the public.  Some people's right to register their legal relationships is still being resisted by some of our representatives.  
Our supervision of our agents needs to be constant because there's always a temptation for stewards to turn into petty tyrants.
[ Parent ]
uprated for last line (0.00 / 0)
sounds like French bureaucracy...one gets the democracy they deserve I suppose  

for transparency sake ~I represent Union print shops
[ Parent ]
Re accurate, verifiable vote counts (0.00 / 0)
I'm not sure what you are referring to with respect to the Secretary of State, but based on my participation both as a candidate and a ballot clerk, NH has incredibly accurate and verifiable vote tallies.  All votes are cast on paper ballots.  Some are machine tallied, but the underlying paper ballots are retained, and tallied again by hand in the event of a recount.  Many recounts are done each election cycle and the number of miscounted ballots, whether the ballots were tallied by machine or by hand, is always very small.
[ Parent ]
Thanks, Jennifer (0.00 / 0)
Useful piece of info when Dems are accused of destroying the NH economy by raising the budget, I think the new number now is 24%?  The other side are amazing with numbers, don't you think?
Presumptuous. (0.00 / 0)
It's always struck me as rather presumptuous of the money changers to pass judgment on the credit worthiness of the entities (the American people) in whose name the currency is issued in the first place.  That they should then go on to use that judgment to decide how much they should charge us to use OUR money is chutzpa of the first class.  But, if we allow them to get away with it, whose fault is that?  
If someone asks to be abused, shall we blame the sadist who complies?  While I would answer yes, it takes a saint not to take advantage of ignorance.  And banksters are no saints.

Besides, the habit of collecting a trickle from every dollar that's spent on public works is so well practiced, that our country club class looks on it as an entitlement.  Indeed, having figured out how to avoid paying taxes by lending, instead of paying, to state and local governments and then pocketing the interest as tax-free income, their double-dip is clear evidence of their superior intellect.  They've figured out how to deprive us under cover of law.  The anti-social and immoral made legal!

While there is some logic in allocating the cost of constructing public facilities to users who are, as yet, unborn, by issuing long-term debt instruments, instead of paying for them up front, bonds are an excellent example of "passing debts on to our children."  So, why do the people who claim to be against that practice support using revenue bonds instead of current tax receipts?  It all depends on the meaning of OUR.  When the captains of finance speak of "our children," they're being familial, protecting their bloodline from being burdened with what YOUR children owe to theirs. 'Y' makes all the difference between 'our' and 'your' when there's money at stake.  The credit is 'ours' and the debt is 'yours' to pay.
That's how things work out nicely in a bi-polar world.

How kind of the banksters to praise us for being patsies.  Or, think of the friendly mugger who hands back a dollar so you can take the bus home.  

With Dems in Charge, NH's Bond Rating is AA+ | 6 comments

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