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"Gloucestershire is a wealthy county but people do not recognise how precious this asset is.
The wealthy county of Oakland would lose its triple-A rating simply because its neighbours are in trouble.
The downgrading left this otherwise wealthy county with one of the worst credit ratings in the state.
But the long effort to balance the budget of this otherwise wealthy county is far from over.
During an interview last week in the wealthy county of Surrey, south of London, Gold sat in a plush reception room in his lushly appointed mansion.
And he said that while the prospect of giving $100 million to a wealthy county might raise eyebrows, he thought it could be worked out.
Similar(32)
Oxfordshire's desperate budget situation comes despite it being one of the most wealthy counties in the UK.
Less wealthy counties, on the other hand, are in such a position because they are yet to develop the same level of skills in manufacturing and services.
The budget, which is subject to a vote by Congress, uses a "Robin Hood" method of redistributing aid, decreasing financing to wealthy counties and redirecting it to needier ones.
Wealthy counties like Buckinghamshire and Hertfordshire also have below-average rates of youthful drink and drug abuse, although not as low as London's.There is a more startling possibility: London represents the future.
The biggest rises in demand, it found were in wealthy counties like Surrey and Berkshire, where, it seems, the normalisation of food banks as a response to a creaking welfare system continues apace.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com