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Letter: Coming our way: more government borrowing

Remember those Democrats whom we threw out of the Legislature in 2010? They’re back.

This is a Legislature that thinks borrowing money to balance the budget is a good thing. From 2007 through 2011, Gov.-elect Maggie Hassan and friends allowed the state’s debt to balloon from $654 million to $939 million. That $285 million debt increase in those four years exceeded the debt increase from 1987 to 2007. Now we all know that balancing the budget this way does not show up on the accounting books as a deficit in the general expenditure fund. Why? Because you borrowed the money instead of using the taxes collected, a policy for Hassan and the gang from 2008 to 2010. That, along with relabeling a few line items, and the budget looks like it was trimmed. In fact, those whom we re-elected produced a budget in 2010 that increased by 14.2 percent, according to Charlie Arlinghaus of the Josiah Bartlett Center for Public Policy.

Now those re-elected will wrestle with the prospects of borrowing more money for the purpose of increasing Medicaid eligibility. It will cost the state $85 million and the federal government $2.5 billion, money that neither entity has. So the Legislature will have to vote to approve to expand this government program by going deeper into debt on the state and federal level. Given their past history why would they not borrow the money?



Legacy Comments1

Those who do not study history are doomed to repeat it. The Left managed to demonize-- sometimes deservedly so -- former House Speaker William O'Brien and convince women there was a war on their bodies. Given that the majority of voters in the last election were women, the electorate obviously bought this rubbish. Now, we're stuck with the same captains who sank our fiscal ship from 2008-2010. Does anyone remember then-House Speaker Terrie Norelli choosing to debate bathrooms for crossdressers instead of addressing NH's fiscal crisis? Given the fiscal history of the captains soon to be taking command in NH, can I opt for sailing on the USS Caine? Captain Queeg will find his strawberries long before Captains Hassan and Norelli find fiscal responsibility.

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