Mar 19 2009
Will Governor Mark Sanford get his way with the stimulus?
As everyone from South Carolina knows that Mark Sanford has asked to pay down debt with the stimulus instead of what is outlined in the stipulations from the Federal Government.This has been reported on often in the local news. Both sides on this issue make sense to some points. A comment that I received today promoted me to write about this very subject.
I have asked myself over and over again why he would refuse help in this time of need. Given the fact that our state has the second highest unemployment rate in the nation at 10.4%, I would think that this money could in some way help create needed jobs but who knows for sure. Could this money really help the average person like you and me? With all the bailouts that have been sent through thus far I have to question if we would ever see the benefits.
Will it help to pay down debt? I am no financial adviser but I do hear them say very often to individuals with debt that the first step to independence is to pay down debt. With that said, if he does not take the money, will we still have to help pay it back? Well according to Governor Mark Sanford’s website , he is asking to use just one quarter of the stimulus money to pay down debt. It would still leave $2.1 Billion.
No matter what side you are on here, I still have to wonder if this will make much of a difference. Sceptisism has now set in my way of thinking because nothing they have tried as of yet has worked. Will Governor Mark Sanford get his way with the stimulus? The jury is still out on that one.
