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Pennsylvania’s former legislator calls for revenue
Last comment by TheSovereign 6 years, 8 months ago.

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According to a former Republican legislator of Harrisburg, Pennsylvania is urging the state to use about $500 million in extra revenue to pay down, if not in full then at least a portion of the state’s outstanding debt. According to him the surplus money can be used as a type of debt help for the state. But, the House Democratic leaders are opposing this call claiming that it is an irrational idea. Get more info here http://www.debtconsolidationcare.com/help.html

In this tune, Sam Rohrer (former Berks County representative), the director of the Americans for Prosperity-Pennsylvania, issued a statement stating that the lawmakers shouldn’t use $500 million to pay down the debts. According to Sam Rohrer, we should not use any extra money to pay down debts. The extra money should rather be kept for later usage and for emergency purposes.

But the Republicans still believe that extra money should be spent to pay off the state’s debt. Thus, they have crafted a budget proposal which is based on the belief that it is better to spend at least a portion of surplus money in a fiscally ethical and responsible way so as to reduce the high impact of the proposed budget cuts. This is particularly in line of the items which may be affecting things like education and hospitals.

Rohrer claimed that the state is more than almost $92 billion in debt including all of the documented liabilities and also the undocumented pension obligations and in addition to that the money which was borrowed from the federal government in order to handle the unemployment compensations. In addition, the Democrats believe that the surplus money should rather be used for purposes of education and also for the health care purposes.

The Democrats claim that the irrational expenditure plan made up by the Republicans is purely illogical as majority of the Pennsylvanians are going to face extreme hardships when the huge budget cuts are going to come in within the next 12 months. The budget is supposed to be passed by 30th June.

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DLangdon commented on Wednesday, Jun 22, 2011 at 12:10 PM

Actually, It sounds like a very good idea. A 500 million dollar payment would put a good dent in the states overall debt.

TheSovereign commented on Wednesday, Jun 22, 2011 at 18:02 PM

Here is a better idea, they follow President Bush's example and give the money to the wealthy?

I am all in favor of paying down debt, and if we did not have President Bush, we would be well on our way of being out of debt in this country.

Here is a reality, $500 million is a lot of money, but it is .543% of the debt, otherwise known as a drop in the bucket. I can see the logic of utilizing the money for schools where you will get more bang for the buck. I am sure there is a debt reduction plan already in place, so I can't imagine that this surplus will add any short term benefit where education has both short and long term benefits.

This state has major issues if they are $97 Billion in the hole. If they paid back the debt in $500 million dollar increments, it is going to take them 194 years to pay it off. Maybe with the education that the $500 million will give the youth of this state, there will be new ideas coming out to fix the problem that it appears they will have for some time to come.

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