Minnesota House Democrats propose $1 ...

Minnesota House Democrats propose $1 billion borrowing bill

There are 53 comments on the TwinCities.com story from Feb 4, 2010, titled Minnesota House Democrats propose $1 billion borrowing bill. In it, TwinCities.com reports that:

Minnesota House Democrats are kicking off the 2010 legislative session with a proposal to borrow $1 billion for construction projects.

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merle

Florence, AL

#42 Feb 4, 2010
Bilious MN Jabba The Hut democrats propose bloated billion dollar demonic borrowing bill.
T-paw

Minneapolis, MN

#43 Feb 4, 2010
carl from mpls wrote:
how about a casino to get revenue and do only necessary projects til we get revenue up
no matter the revenue source , it will never be enough.
If Jesus came down monthly with bags of cash, the metrocrats would invent a new way to waste it.
Tall Paul

Hugo, MN

#44 Feb 4, 2010
Of course they proposed borrowing money....theyve run out but can't stop spending...makes perfect sense. Then in November they can lie to you about all the jobs they created ! For out of state contractors.
Tom Shakopee

Washburn, IL

#45 Feb 4, 2010
What do Liberal Democrats not get about the State having huge deficits. This is why people need to vote Republican in November to put an end to this uncontrolled Democrat spending.
what the

Minneapolis, MN

#46 Feb 4, 2010
Bill from Saint Paul wrote:
<quoted text>
So what is your sloution? We can't cut any more without becoming like a third world country. Conservatives are against borrowing or tax increases, even on ciggarettes!
Sooooo...what is your solution Bunkie?
Oh BS you moron, the solution is there is PLENTY to cut in government, they could start with a 5% wage reduction, less than most of us in the private sector took. Stop with your teenager like arguments.
heres an idea

United States

#47 Feb 4, 2010
why do govt workers need to be unionized?? if your lucky enough to have a govt job thats already guarunteed to have 5% increases every year why do they need to be unionized? we are their boss do they not trust us ?/ were the ones that need to trust them. anyways as long as theyre mismanaging everything they touch they should take pay cuts pension cuts ..and not pass them on to the recipients ,, only because they are union they cant take any cuts, BS. its totsal BS that govt workers get to be unionized and hold the people/ taxpayers hostage . while the rest of us are taking cuts ...

Since: Dec 09

Saint Paul, MN

#48 Feb 4, 2010
I'm for a big bonding bill. Let's do these projects when financing and contractor bids are low. Not when their high. You spend money in a downturn, and pay the debt off when your flush with cash.

From a pschological point of view I can understand people don't want to spend when we're in a recession. That's smart for a middle class family, but unecessary for the government. Let them borrow money cheaply now, put people to work, and pay it off quickly when the economy comes around in a few years.

Bad times = spend money, Good times = pay it off.
Tall Paul

Hugo, MN

#49 Feb 5, 2010
What if this is as good as it's ever going to get spectre000? Then what? What if we never see it come back close to what it was?

or

What about your federal debt on it's way to 7.8 trillion? 56% of your gross domestic product? Will that be paid off when were "flush"...? Fact: the federal government is close to bankruptcy and if you taxed us 100% you wouldnt pay it off. Explain that.

Since: Dec 09

Saint Paul, MN

#50 Feb 5, 2010
Tall Paul wrote:
What if this is as good as it's ever going to get spectre000? Then what? What if we never see it come back close to what it was?
or
What about your federal debt on it's way to 7.8 trillion? 56% of your gross domestic product? Will that be paid off when were "flush"...? Fact: the federal government is close to bankruptcy and if you taxed us 100% you wouldnt pay it off. Explain that.
You don't have much faith in America do you? The US has experienced many recessions, and we've always come out of them.

Always have, always will.
Cole

Eau Claire, WI

#52 Feb 5, 2010
spectre000 wrote:
<quoted text>
You don't have much faith in America do you? The US has experienced many recessions, and we've always come out of them.
Always have, always will.
Never had the same rate of Debt to GDP before, Never worried about losing our Moody's Triple A credit rating, Never had our single year budget be at this high of a level compared to GDP. Ask Great Britain how they came out of WWI and WWII after spending so much during the time. They use to be considered the World's Super Power. Who bought up their debt during the early 1900s, US. Now while we're spending our way into destruction, who's buying our Debt? hmmmm....Keep up that mentality, people like you are destroying this world's power by supporting the same politicians who CHEERED after winning a vote over raising the Debt Ceiling $1.9 Trillion dollars yesterday. I don't know too many people who CHEER when they throw our country further and further in debt.

By the way, Moody's projects or Deficit will be 100% of our GDP by 2010. Yeah, it's all sunshine and roses.
John T

Saint Paul, MN

#53 Feb 5, 2010
spectre000 wrote:
I'm for a big bonding bill. Let's do these projects when financing and contractor bids are low. Not when their high. You spend money in a downturn, and pay the debt off when your flush with cash.
From a pschological point of view I can understand people don't want to spend when we're in a recession. That's smart for a middle class family, but unecessary for the government. Let them borrow money cheaply now, put people to work, and pay it off quickly when the economy comes around in a few years.
Bad times = spend money, Good times = pay it off.
Except we don't spend it off during good times. During good times we blow all our money on even MORE useless social programs and public works projects. Not ever has our government really tried to cut spending or reduce our debt load. Republicans, democrats, whoever. All our elected officials do is spend, spend, spend. They care more about wasting money on the habitually poor and illegal immigrants at the expense of the middle class.

Since: Dec 09

Saint Paul, MN

#54 Feb 5, 2010
John T wrote:
<quoted text>
Except we don't spend it off during good times. During good times we blow all our money on even MORE useless social programs and public works projects. Not ever has our government really tried to cut spending or reduce our debt load. Republicans, democrats, whoever. All our elected officials do is spend, spend, spend. They care more about wasting money on the habitually poor and illegal immigrants at the expense of the middle class.
The Republican lead congress of '94 did a pretty good job cutting back spending. America has faced huge debt levels. All it takes is some real leadership. Volker did it for the Reagan admin in the 80's. Gingrich did it for us in the 90's. Someone will step up this decade.

Since: Dec 09

Saint Paul, MN

#55 Feb 5, 2010
I do agree with your concerns that in good times we are apt to keep on spending. The asterix that goes along with Bad Times=Spend, Good times=Pay off, is that once the economy comes back, you must pay off the debt first before spending on wish lists. That's not easy to do. But is was done before, for instance after the S&L bailout of the 80's and early 90's. Those were lean years, but the debt was paid off.

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