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State House of Representatives cannot borrow way out of debt

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By The Staff

To the editor:

We all know that you cannot borrow your way out of debt. You cannot spend your way to a balanced budget. And you cannot gamble your way to prosperity. But our state House of Representatives tried to do all three in the June special session.

Meeting ostensibly because there was “a $1 billion shortfall” in the state budget, members of the House tried to spend an additional $1.3 billion for school buildings. Their plan was to borrow against all the money they would “earn” from gambling proceeds from the radical expansion of gambling.


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The Cynthiana Democrat | circulation@cynthianademocrat.com | 859-234-1035
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