Scott: Trust me, not Moody's
That was the message from Gov. Rick Scott today when he was asked three times about a report by Moody's Investors Service warning the state that Scott's proposed corporate tax cut could cause future deficits.
Moody's analyzed your budget proposal and found it might harm the state's bond rating and the state's economy. Do you know about that? Do you have a response to that?
"Well, I'm very comfortable that our budget is going to reduce the size of government, the cost of government and we're going to reduce taxes. It's going to put us on the right path to prosperity because, look, businesspeople around the world are going to a place where they're treated well. They're treated well because they can get a great return on investment, they're treated well because they have a government that understands if there is an issue with things that they'll try to solve them, whether it's permitting or things like that."
Did you consider the bond rating when you put together your budget proposal?
"I'm very focused on making sure that we are, if you look at all the things we're focused on, whether it's making sure we fix Citizens Insurance or unemployment insurance, all these things. It's all the things that put our state in the path to prosperity."
Does it matter what Moody's says about your budget?
"I'm very comfortable that the things that we're doing are the things that will make this state a long-term success. If you look at my business history, I've tried to put the companies that I've been involved in in better financial shape, so I'm trying to do the same thing for this state."