Wednesday, September 08, 2004

Great Editorial in the Pantagraph:

Opinion - Governor has funny way of saving by borrowing 09/08/04: "Governor has funny way of saving by borrowing
Now we know why Gov. Rod Blagojevich has been so intent on long-range borrowing for the state. He confuses borrowing with saving.
He tried to explain to the Chicago Sun-Times Editorial Board why the state spent more than $500,000 on legal bills and other fees in his attempt to lease the state's Thompson Center in Chicago.

-- snip

In defending his actions, the governor was quoted as telling the Sun-Times: 'You're talking about billions and billions of dollars in a state budget and a way you can save $200 million for taxpayers.'
Perhaps someone in Springfield -- oops, make that Chicago -- can tell the governor you don't save money by borrowing on real estate that you can't sell and then spending that money on day-to-day expenses. There comes a day when that money has to be paid back -- with interest."

-- I would say by 'savings' he means saving himself from having to say no to a special interest group. Remember Rod you have to pay back a home equity loan.


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