Conn. Dems call for $1 billion in bonding

Posted by ConnPolitics.tv Staff on December 18th, 2009

Hartford (AP) – Legislative Democrats have a unveiled a plan to borrow $1 billion to help improve Connecticut’s infrastucture and create more than 16,000 jobs.

The 12-month initiative calls for funding previously authorized transportation, housing, energy conservation, clean water and higher education capital projects that can be started within 90 to 120 days.

The lawmakers say additional bonding does not needs to be authorized. Rather, they say it should be invested differently, focusing on state construction projects that can begin quickly and create the most jobs.

Gov. M. Jodi Rell’s office was unenthusiastic, saying nearly $1.3 billion in bonding has been approved in recent months and that $1 billion in unscheduled borrowing would cost taxpayers $400 million in interest payments.

| Posted in News, State Budget, Conn. Democrats
| 8 feedbacks »
Comment from: Hosed By The System [Visitor] Email
What a TOTAL f''cked up idea.........

COMMON you morons............


STOP FRIGGIN BORROWING !!!!!!!!!


You a'holes just dont get it, do you ??????????????
12/18/09 @ 15:53
Comment from: NOBama [Visitor] Email
INSANITY!!!!!!!!!!!!!!!!!!!
12/18/09 @ 15:55
Comment from: Visitor2 [Visitor] Email
Borrowing 1 billion for new spending when they can't even fund the current budget !

The democrats have to go !

Vote these scumbags out in 2010 ! and 2012 !
12/18/09 @ 16:28
Comment from: Independant Observer [Visitor] Email
Bonds are a tax delayed for the future. I don't think we need to tax our kids and grand kids more. The jobs that would be created are temporary. Only the private sector can create sustained job and economy.
12/18/09 @ 17:41
Comment from: Frustrated Taxpayer [Visitor] Email
No Sh*t, is that a billion with a B? Yeah, lets fire up that charge card. Sounds like its time to move more money and jobs offshore. These people are totally whacked.
12/18/09 @ 17:52
Comment from: BANKERS FOR DODD [Visitor] Email · http://www.dumpchrisdodd.com
YES WE CON!

YES WE CON!

YES WE CON!
12/18/09 @ 18:41
Comment from: Mark [Visitor] Email
The government is 12.1 TRILLION DEBT.

$12,129,073,186,050.29


.
12/18/09 @ 19:50
Comment from: Mark [Visitor] Email
The government is 12.1 TRILLION DEBT.

$12,129,073,186,050.29
12/18/09 @ 19:57

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