Monday, October 24, 2011

Arkansas Public Debt Soars to $25 Billion

Talk Business with Jason Tolbert cites a report which puts Arkansas' public debt in excess of $25,000,000,000. The amount includes our unfunded pension liabilities and the amount we owe the federal government from the unemployment insurance fund. In other words, most of it is debt that we the people did not vote to take on. Our state officials have run this debt up without our permission, as the state constitution requires.

 Speaking of that, on Tuesday November the 8th they are asking us to go vote to allow them to take on an additional $575,000,000 in debt for interstate highway maintenance. Most people I know are working hard and sacrificing to reduce their personal debt, but the politicians want to add public debt faster than we can pay down our personal debt. When will it end? When we start telling them "no."

3 Comments:

Anonymous Anonymous said...

Lets just renig on this debt as well on the debt to the fed. The fed is NOT federal in anyway. Strike the r

12:11 AM, October 27, 2011  
Anonymous Anonymous said...

root!

12:11 AM, October 27, 2011  
Anonymous Anonymous said...

Mark you perform a great service with your blogs, comments, fearlessness and consistency. Stay the course.

1:34 PM, November 10, 2011  

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