The states have lessons for Congress about the exploding national debt
Summary
Indiana improved its financial health over the past 20 years by making strong budget decisions. The state now has the highest credit rating and follows strict balanced budget rules.Key Facts
- Indiana started improving its finances about 20 years ago.
- The state worked to fix its poor financial situation.
- Indiana now has a AAA credit rating, which is the best rating for creditworthiness.
- The state follows balanced budget amendments, meaning it balances its income and spending.
- Indiana’s budget rules are seen as a strong example for financial management.
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