Standard and Poors rating upgrade

To everyone bristling over SP saying we need more taxes: Relax.

They said that not as a commandment but merely a statement of opinion. They have standards as to the economic characteristics of an investment grade borrower. They think one way we could meet the standard is to raise taxes and increase the tax base.

We definitely need to improve our tax effort. We know why but the political will is not there. I think it would be more productive to focus on this aspect despite the difficulty. The poor collection performance is a disorder in the system. I'd rather have order there than have new taxes. It's like putting more gas into an engine that needs a tune up. It would be better if the engine were maintained than to keep wasting gas.