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Silence of the hawks: Response muted to Ducey’s billion-dollar borrowing plan
Gov. Doug Ducey is proposing to add a billion dollars to Arizona’s outstanding borrowing load of $7.3 billion, a dramatic leap into indebtedness, and yet the opposition to it has been mostly muted, even from groups that traditionally balk at borrowing.
The nail that sticks out gets hammered
As previously noted, fiscally conservative groups have been largely mute when the governor proposed to add a billion dollars to Arizona’s outstanding debt load of $7.3 billion.
Arizona’s debt has grown $4B since recession began
Most state lawmakers insist they had no other choice than to borrow billions of dollars to keep Arizona government running during the past few years. The reality, however, is that they had a couple of options – they just didn’t like them.
