S&P upgrades Ohio's credit-rating outlook | The Columbus Dispatch

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Standard & Poora s upgraded Ohioa s credit-rating outlook last week from a oenegativea to a oe stable,a citing the a oestatea s progress in restoring structural budget balance through fiscal 2013 and the modest economic recovery under way.a The improvement in outlook on Ohioa s a oeAA+a rating for general-obligation bonds was a tip of the cap to ...

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Reality Check

Lima, OH

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#1
Jul 21, 2011
 

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Thank you Gov. Kasich, job well done.
Naysayers

Columbus, OH

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Jul 21, 2011
 

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So how will the left spin this one? I'm sure we'll hear about how JK is the devil, but this is how you balance the budget folks.

And when Ohio's credit rating goes up, it certainly helps our state to compete - because yes, we are in competition with other states to land businesses and PRIVATE sector jobs.

If it is cheaper for the state to borrow money (higher credit rating) then perhaps they can use that to incintivize economic development. Or we could just give it all of our money away to the ODJFS and public sector employee pensions and health care.
marcos1

Columbus, OH

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#3
Jul 21, 2011
 

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now, all that king Kasich needs to do is reduce Ohio's min. wage, and make all his wall street buddies real happy. The state is a business friendly place now. Business's that want tax breaks, less regulation, lower wages, greater proffits and to drill in our state parks, just great for Ohioans, right. the rating is good for, who?
hoppin

Columbus, OH

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Jul 21, 2011
 

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marcos1 wrote:
now, all that king Kasich needs to do is reduce Ohio's min. wage, and make all his wall street buddies real happy. The state is a business friendly place now. Business's that want tax breaks, less regulation, lower wages, greater proffits and to drill in our state parks, just great for Ohioans, right. the rating is good for, who?
And troll #1...crawling out from under a rock...

Since you seem to have missed any economics courses (and probably skipped college), I will keep this real simple. Higher rating equals more more money the state can raise to invest in it's infrastructure and get companies to invest and move to Ohio. Which means, more people like you can get a janitorial job and $20 an hour.(Sorry, I am a little bitter today at all the lunatics out there).

Think of it this way, the better your credit rating (because you are more responsible), the better rates you can get to buy a house (or car) and, an additional perk, the more trustworthy/responsible you will seem to a company who wants to hire you. Hence, the higher bond rating makes Ohio seem like a more stable and safe state for people and companies to invest in, and pursue opportunity.
marcos1

Columbus, OH

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#5
Jul 21, 2011
 

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hoppin wrote:
<quoted text>
And troll #1...crawling out from under a rock...
Since you seem to have missed any economics courses (and probably skipped college), I will keep this real simple. Higher rating equals more more money the state can raise to invest in it's infrastructure and get companies to invest and move to Ohio. Which means, more people like you can get a janitorial job and $20 an hour.(Sorry, I am a little bitter today at all the lunatics out there).
Think of it this way, the better your credit rating (because you are more responsible), the better rates you can get to buy a house (or car) and, an additional perk, the more trustworthy/responsible you will seem to a company who wants to hire you. Hence, the higher bond rating makes Ohio seem like a more stable and safe state for people and companies to invest in, and pursue opportunity.
hey hoppin, we work to live, not live to work. You sound like a "want-to-be Sheen know it all, tell us hillbillies how it is" type. More S. & P. crap from the mega criminal financial establishment. Life is more than numbers, hoppin>
world wide

Columbus, OH

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#7
Jul 21, 2011
 

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hey didn't S. & P. rate those credit swaps triple A? Also, since the bills passed are up for a VOTE in November, they are a bit ahead of it, because those measures could be taken down by the voters. So, is S. & P. up to their old tricks? Trying like the koch brothers, to "grease" the path, to get what THEY want.
Gerry

Tiffin, OH

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Jul 21, 2011
 

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Naysayers wrote:
So how will the left spin this one? I'm sure we'll hear about how JK is the devil, but this is how you balance the budget folks.
And when Ohio's credit rating goes up, it certainly helps our state to compete - because yes, we are in competition with other states to land businesses and PRIVATE sector jobs.
If it is cheaper for the state to borrow money (higher credit rating) then perhaps they can use that to incintivize economic development. Or we could just give it all of our money away to the ODJFS and public sector employee pensions and health care.
While the rating is good, I think competing with the states is missing the point on jobs. I must have misunderstood something. I always thought the republicans "created" jobs, but all they do is shift jobs from one state to another. That to me is not "creating" jobs. Also our biggest problem is not within our country, but 2 billion cheap laborers who want our jobs. Along with automation that takes away jobs, lean principles that is taking away jobs, and mergers and consolidation that is taking away jobs. Our country has lost some 57,000 factories (6 million jobs) over the past decade and there is no way to make that up. We were told by the "experts" years ago, that we would be an information society or a service society and that did not replace the jobs. And even today, the "experts" say we do not need to make the low end widgets. So, I fail to see what private sector jobs will be created as we keep shipping jobs overseas for cheap labor.

We are encountering a phenomenon the likes of which we have not seen in our lifetimes on the onslaught of our middle class. It may be the case of the "New World Order." At least it seems to be that way. I have never in my life seen two parties, the fed, and the economists missing the boat on free trade and globalization and what it is doing to the middle class wages and jobs. And I notice that republicans has this fight among the states on who are going to get the jobs. And again, our focus should be on globalization and the problems that it creating. So far, I am seeing shades of an oligarchy. No one has zeroed in on our problems on jobs as we see the democrats spending, the republicans wanting more tax cuts on top of the Bush failed tax cuts, the fed wanting to print more money for low interest rates and a low dollar so that we can export more with 1/3 less manufacturing, and the states wants casinos for jobs. Rather hilarious.
marcos1

Columbus, OH

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#9
Jul 21, 2011
 

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Simply hoppin, I supose you did your 2 yrs. Thing is, when I graduated from HS, we did so at a 12th grade level, not 9th. For your educated information, I did 4 years of Elect. eng. at Franklin, then took my education overseas, 6 and a half years of world travel. I'll put that school of life ed. against any thing you got. I lived, worked and married overseas, did not see the world through the lobby window of the Hilton. You can put your stock into S.and P. I have a different name for them. organized finacial criminals. Their ratings after the mortgage meltdown are -O. We'll see after november re-vote, how the chips fall. life is more than numbers.

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