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This post was originally published on the Public Notice: Bankrupting America Blog. Standard & Poor’s recent downgrade of the United States’ credit rating leaves 13 states with higher ratings than the federal government. As reported by USA Today, S&P has yet to announce plans to downgrade the ratings of states and municipalities, but the effect may be felt … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. With uncertainty surrounding spending cuts in the debt ceiling deal, lawmakers in states and municipalities are bracing for potentially weaker streams of federal cash. And the amount at stake is sizable, with states set to receive $586 billion from the federal government this year, and … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Marshalling a NASCAR race and flying to an Apple Festival provide “essential services” to the citizens of Virginia, at least according to Gov. Robert McDonnell’s recent use of state planes. As reported by The Washington Post, Gov. McDonnell traveled 140 days during his first 17 months … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Fruitless debt ceiling negotiations have left state governments and citizens searching for certainty in the face of a possible federal default and credit downgrade. As reported by USA Today, a downgrade would leave states, as well as “7,000 cities, counties, universities, and non-profits” facing steeper borrowing costs from … Continue reading
This post was originally published on the Public Notice Research & Education Fund: Washington Could Learn a Lot Blog. The answer is yes. At least according to an Examiner.com op-ed that details five lessons which politicians in Washington could learn from the compromise that ended the lockout on Monday. Ryan Witt, the author of the op-ed, suggests that “no deal … Continue reading
This post was originally published on the Public Notice Research & Education Fund: Washington Could Learn a Lot Blog. The answer is yes. At least according to a Wall Street Journal op-ed that evaluates how our neighbors to the north cut spending to tackle their own debt crisis. Fred Barnes, executive editor of the Weekly Standard and author of the op-ed, contends … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Though Minnesotans are finally with a budget, the days of their pristine credit rating by Moody’s are long gone, as the state has been AA-1 since 2003. Only 15 states can claim AAA, the highest rating, but the debt ceiling poses a threat to their … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. A seemingly never ending saga involving broken contracts and hundreds of millions of dollars will come to a close as two former Navy oil tankers are transferred from James River, VA to their final resting place: a recycling facility in Texas. As reported by The Virginian-Pilot, … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. In a victory for teetotalers, prohibitionists, and defenders of the defunct 18th Amendment, alcohol sales will be sharply curbed in Minnesota as a result of the state’s government shutdown. But the coming drought may be avoided, if the Republican-held legislature accepts Gov. Mark Dayton’s … Continue reading
This post was originally published on the Public Notice: Bankrupting America Blog. Following a judge’s ruling, Minnesotans can still see lions, tigers, and bears at the state zoo, but horseracing, construction permits, and pristine parks will remain elusive in the North Star State. As we reported last week, the state government shutdown after Governor Mark Dayton (D) and … Continue reading
Jared Alves 