Punting on bond issues not a responsible way to govern

 
The Oklahoman Editorial | Published: February 4, 2013    Comment on this article Leave a comment

New Oklahoma House Speaker T.W. Shannon told The Oklahoman's editorial board last week that his constituents regularly urge him to make sure the state lives within its means. He and many of his fellow Republicans use such anecdotes to defend the House's opposition to bond issues.

NewsOK Related Articles

But passing a bond issue isn't the same thing as spending money you don't have. The latter is what we see happening in Washington, and it's highly irresponsible. Taxpayers are outraged about the deficit spending, and should be. But using bond issues to build and maintain state infrastructure is an example of government acting responsibly.

Shannon, R-Lawton, says there is no appetite for bond issues within his caucus. That's been evident for several years. So Shannon is proposing an eight-year, pay-as-you-go plan to fund upkeep and repair. Some of these funds would come from selling state assets, but Shannon also hopes to carve out a chunk each year from the state's general revenue fund.

After getting repair and reconstruction under way through pay as you go, caucus members might begin to warm to the idea of issuing bonds. That's the hope, at least.

Page 1 of 2




If you prefer your thoughts to appear in The Oklahoman's Opinion section, we encourage you to submit a letter to the editor.


Where Should You Travel?
Hot Spots, Vacation Deals & More!
www.travelBIG.com
Summer Beach Vacation
Myrtle Beach, SC - 80,000 Rooms, 60 Miles of Beach, Endless Attractions
www.VisitMyrtleBeach.com

Voices Photo Galleriesview all