Jindal Comments On Downgrading Of Nation’s Credit Rating
The stock market lost over 600 points in reaction to Standard and Poor's downgrading of the nation's credit rating. During a speech at the Louisiana Municipal Association, Governor Bobby Jindal says a national
balanced budget amendment can help solve the country's debt problems. Jindal says the Federal Government is much like young people who haven't learned how to manage their money. Jindal says we need to take strong measures to make fundamental changes in the way government is funded. Jindal says the focus of the problem is not about the credit rating. He says the underlying cause is the growing national debt.