Failed Pennsylvania Governor Tom Wolf let his state go broke on Friday, and now Pennsylvania’s credit rating is paying the price. The Associated Press is calling it “another black eye” for the state under Wolf.
On Friday, Pennsylvania missed $1.7 billion in payments towards Medicaid, school districts and other services for the first time in its history.
Today, Standard & Poor’s responded by downgrading Pennsylvania’s credit rating for the second time in the three years Wolf has been Governor.
The Associated Press reports, “Pennsylvania is now rated even lower among states, sliding to the bottom five rated by Standard and Poor’s.”
Wolf has consistently refused to do his job and use his constitutional authority to veto out of control spending, causing years of unbalanced budgets. Under Wolf, the Morning Call notes that “The state has had deficits for several years, even though the constitution says the budgets must be balanced.”
Wolf has taken reckless fiscal incompetence to a new level. Pennsylvania deserves better.
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