SC gov wants to use stimulus on debt

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COLUMBIA, S.C. - South Carolina Gov. Mark Sanford wants to use $700 million in federal stimulus money to pay off state debt, not increase spending on programs or services.

Sanford has long railed against federal bailouts, and on Tuesday sent lawmakers a letter saying he wants to use the money to pay off some of the state's $20 billion in unfunded liabilities. While he doesn't specify in the letter, the governor has used that figure when referencing what is owed the state retirement system.

Sanford did not control most of the $2.8 billion in federal money for South Carolina - and $1 billion is being considered by lawmakers for the state budget being crafted this week.

The governor in his letter warns that using stimulus cash for the state budget is reckless.

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patriciathomas
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patriciathomas 03/10/09 - 03:42 pm
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Once again Sanford shows

Once again Sanford shows himself to have a good grasp on the fiscal situation in South Carolina. It's too bad he has so little support in the legislature.

My_2nd
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My_2nd 03/10/09 - 03:45 pm
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amen! stand your ground

amen! stand your ground governor.

Niko Mahs
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Niko Mahs 03/10/09 - 03:58 pm
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Nice try Governor; but I am

Nice try Governor; but I am sure that there will be rules on how this money can be used, and paying off the state debt will not be one of them. But hey, anybody can try or ask or do the politically astute thing for a Republican. But your constituents will remember you on voting day.

backpac-bill
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backpac-bill 03/10/09 - 04:23 pm
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Impeach him?How the hell this

Impeach him?How the hell this guy got elected.Yes my family tree started in South carolina,but with fools like this guy sure help keep me from living there.(Sad) It appears he's only for the well to do.

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