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Gov. Rick Perry today released the following statement in response to Standard & Poor's upgrading Texas' credit rating:"S&P's decision to raise Texas' credit rating to AAA is no accident, but further proof that the Texas model of conservative fiscal discipline is a key element of our strong economy, and a stark contrast to the out-of-control spending and rising debt ceilings of Washington, D.C. In Texas, we adhere to the powerful combination of keeping taxes low and government spending in check, ensuring Texas remains the best place in the country to live, work, raise a family and build a business."http://governor.state.tx.us/news/press-release/18916/
You know the good as well as the sad thing is the GOP governors are all doing a good job and Obama is taking the credit.
Texas now has a better credit rating than the US itself does. Perhaps Texas will become the lender of last resort to the federal government, now that it can borrow from foreigners more cheaply than the federal government can.
We will require some type of collateral...