Gronstal Calls for Debt Option
June 17, 2008 4 Comments
I am sorry to do this. I was really wanting to stay away from politics until after the floodwaters had completely receded from Iowa. However the words of Iowa Senate Majority leader Mike Gronstal has changed all that.
In comments that Senator Gronstal made recently in regards to the recovery efforts from the Flood of 2008, he said that the state should not rule out as an option, taking out loans to pay for the recovery efforts. Hasn’t those that wield the power in our government learned that you have to pay your debts eventually. Doesn’t he realize that if the state of Iowa were to go into debt today to pay for our recovery efforts then it would be our children that would end up having to pay for it. It is obvious to me that tax and spend Mike has absolutely no fiscal responsibility, at least when someone else’s money is at stake. I believe that his recent comments that debt should not be ruled out as an option shows the depth of his misunderstanding of a sound fiscal policy. Because of this lack of common sense, I truly believe that Gronstal should be tossed on the ash heap of history as the failed leader that he is.
My problem with going into debt to pay for Iowa’s recovery effort is rather simple and fundamental. We should not mortgage the future of the state and the future of our children for our comfort now. We should be willing to make the sacrifices now to rebuild the state’s infrastructure with what we have. I am sure that there are state entitlement programs that can be cut to fund the reconstruction effort. I am sure that there are many unnecessary programs that the state is currently funding that can receive a sizable cut in funding, especially considering how fast Iowa’s spending has increased in the last few years.
In closing, I would urge each of you to call your State Senator or State Representative to tell them that you are opposed to the State of Iowa borrowing money to pay for our efforts to recover from the Flood of 2008.
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A series of debt can lead to a very difficult cycle of unmanageable finances. We should find ways on reducing debt the cheapest way possible and enjoy financial freedom. Thanks for the article!
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Yes, I can certainly think of a few government programs that can be shaved to help out the state!