To the editor:
I recently read that Rhode Island’s state debt has recently reached $8.2 billion. This includes all long term liabilities connected with the state. Over the last decade, our state debt has increased by half a billion dollars. This November 6th, there are several referendums that will result in increased debt for Rhode Island. I understand the importance of higher education facilities, supporting our veterans, clean water, environmental considerations and affordable housing, but voting in all these referendums in the upcoming election is projected to add over $300 million to our already overwhelming state liabilities. Also note that approximately $100 million of this new debt is interest. I believe these types of initiatives should be paid for within our state budget. In these times our state should be attempting to balance our budget and begin to reduce our debt, not add to it. I am not suggesting that the goals of the proposed referendums are not important; I am suggesting that if Rhode Island’s financial situation does not improve we will have much worse problems to deal with.
This November 6th, we need to send a message to our elected officials (both state and federal) that we will not stand for continued excessive spending and additional accrual of government debt. Voters should think about each referendum and we should ask ourselves if it is worth mortgaging the future of our great state.
560 Water St.