Moody's Investors Service Raises Outlook on Louisiana State's Credit to Stable
"This is good news, but we have much more work to do to implement structural reforms to our budget," said Treasurer Schroder. "The fiscal cliff was mainly solved on the revenue side, now it's time to get to work on the spending side of the problem.
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This challenge is compounded by the closure of many rural banks. Larger banks often buy smaller banks, then close branches in more rural markets. There are now 625 rural counties in the country without a community bank. There are 37 counties without a single bank, and 115 counties served by just one bank.
What they will not do, because they can't, is remember: Remember a time before the 9/11 attacks, or the changes in American society that took place in the aftermath of those attacks. They won't be equipped to yearn for better days that they've only heard about at second-hand from their parents and grandparents.