Sour Grapes for Red Jahncke
Mr. Jahncke’s recent column, “Lamont’s ’debt diet’ and the Democrats debt delusion,” (July 16) seems to smack of sour grapes to me. Every executive takes credit for fiscal well-being when they are in office. Why shouldn’t Lamont take credit now? Besides, we could have had more revenue if Republicans had joined in supporting highway tolls. Their plan, as I recall, was to increase state borrowing via bonds to repair our highways. That would fit right in with Mr. Jahncke’s complaint about additional borrowing.
Was Lamont lucky? Yes, but he was shrewd enough to resist Republican efforts to bring the state rainy day fund to zero with their recent campaign PR efforts, yet, compassionate enough to cut state taxes and refund approximately $600 million to our state’s poorest constituents. Finally, borrowing at under 4% may seem high after the artificially low rates stemming from Fed Interest rates of near zero, but in my lifetime, any money at rates lower than 4% is very cheap money indeed.
I prefer a governor who has a positive attitude, cares about both citizen’s financial health and real health, and continues to guide the state in the right direction.
Dr. Gregory McIntire