South Dakota paying off debt, not borrowing more
Submitted by Edgar on Wed, 05/14/2014 - 4:55pm
By Gov. Dennis Daugaard.
These days, we hear a lot about government debt. When times get tough, and balancing the budget must be done, states like Illinois and California incur debt to cover routine annual government expenses. Of course, in Washington, D.C., Congress routinely borrows money to fund the federal budget. A more responsible approach uses government debt (bonds) for construction projects.
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