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Showing posts with the label Maine Public Employees Pension Plan

Rule of Law in Maine In Critical Condition

SHARE THIS! TWEET THIS USING THIS SHORT LINK; http://goo.gl/VXLcX8 Continuing where I left off in my last post - addressing the Lepage Campaign talking points as presented by Representative Heather Sirocki in this Portland Press Herald article titled  Maine reaping rewards of governor’s commitment to fiscal responsibility The article says: Let’s start with the state’s improved credit standing. In June, rating agencies issued their outlooks for Maine’s creditworthiness. Standard & Poor’s Rating Services assigned its AA rating to our long-term bonds, while Moody’s Investor Services affirmed its Aa2 rating and upgraded its forecast of Maine’s debt from negative to stable. The agencies cited several major factors that influenced the strong ratings, including repayment of $748 million in MaineCare’s hospital debt; substantial public pension reform; and measures to control costs in the MaineCare program, which provides “free” taxpayer-subsidized health care to more than 300,00