Your thoughts on state borrowing money?

Wanted to give you a look at what we will be debating tomorrow/this week in the House Ways and Means Committee.

Originally, we received requests totaling more than $2 BILLION !

I can assure you, I wouldn’t vote for that large an amount and I know my colleagues won’t vote for that much as well. Thanks to Chairman White, Subcommitte Chairs and the members of the committee, I believe should we pass our first bond bill in more than a decade, it would come with far less a price tag.

Take a look and let me know your thoughts/advice.

Comments

  1. Georgia Metz says:

    Nathan,
    When Kent and I married, he gave me some of the best advice I have ever received – “If you can’t pay for it, you can’t afford it.” We have managed to live debt-free for 47 years, and I can assure you that borrowing money will only enslave one in the end. We all need to live within our means, even when it means that we have to do without some things that we think that we need. This is not only sound advice for individuals, it is sound advice for states and countries!
    Georgia

  2. James Stevens says:

    Nathan,
    I appreciate the value of not being in debt personally and Bonnie & I have done that since paying off student debt, 1st car and house. Frivolous borrowing is trouble. However, the state has allowed so much necessary maintenance to be deferred that we must take action soon in a big way. If we cannot fund it from current revenue, it makes since to borrow at low rates provided the need is real and we have the means to repay the debt.
    Do what is best for SC in the long term.

    Jim Stevens
    Irmo, SC

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