Over all I think this was a good blog, but it could use a little more support and links to information sources. I strongly agree with the argument and the side Sullivan takes on this issue. The intentions are good, but what’s the point of fixing one problem by creating a bigger one that will forever.
Wednesday, October 12, 2011
Texas Drought
Building Permanent Debt is a blog on EmpowerTexans by Michael Quinn Sullivan. The audience of the blog are all Texans, mainly the ones who are concerned about what is being done to help the drought situation. In this blog Sullivan talks about the “proposition 2” which was brought up by the legislature to get through the drought. This proposition includes a PERMANENT debt of $6 billion which Sullivan clearly disagrees with. Sullivan is not against the loan itself but the fact that this permanent debt will be passed on through generations, and that is something that should concern every Texan. Sullivan says, “let’s have that debate, issue the bonds, do the work and pay them off. Future needs, and future debt to address them, are best handled at future times.” Sullivan supports his standing point by mentioning that the Texas Public Policy Foundation is also against the terms of the “proposition 2.” He also brings up the opinion of a fiscal policy expert, Talmadge Heflin who said that taxpayers can and need to limit how long government keeps them in debt.
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