Statement from Senate President Mitch Carmichael Regarding Moody’s Downgrade
“Years of fiscal mismanagement have led us to this point. The bond downgrade underscores the urgency and the need for fundamental reform and a new direction in West Virginia. The old policies of simply raising taxes and spending more will only lead to further structural deficiencies and continued downgrades. This news makes it abundantly clear the time for new policies cannot wait, and we will not turn this ship around with continued taxation and unchecked spending.”