“The note that arrived from Moody’s is pretty self-explanatory. The defeat of the transportation sales tax vote in metro Atlanta and eight other regions of the state won’t result in an immediate downgrading of credit – but could result in one when the state or local governments go bond-shopping in the future.” [You see, when the voters reject a tax, the government has no choice but to borrow against the taxpayers’ credit anyway…]

http://blogs.ajc.com/political-insider-jim-galloway/2012/08/06/moody’s-awards-metro-atlanta-a-credit-negative-for-tsplost-failure/

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