In past 10 months, the Republican controlled General Assembly of Pennsylvania voted to add $4.6 billion of taxpayer debt onto Pennsylvania’s future taxpayers, reports taxpayer activist Bob Guzzardi
Act 130 of 2011 added $2.3 billion debt, signed into law by Republican Governor Tom Corbett on Dec. 22, and Act 193 of 2012, signed into law by Republican Governor Tom Corbett on Oct. 2 added another $2.3 billion.
“All government debt is deferred taxation,” said Guzzardi. “Adding debt allows the Republican General Assembly to spend more than tax revenues. Adding debt allows Republicans to deceptively claim to have balanced the budget while, deceptively, deficit spending.”
He noted that “Republican Leadership, in and out of government, count on the compliant and clueless media not to report the deceptive debt and Republicans, like Senate Majority Leader Dominic Pileggi and Senate Appropriations Chair Jake “the Senator from Penn State” Corman and Speaker of the House Sam Smith, whose family has represented House District 66 for 50 years, and Majority Leader Mike Turzai, financed, in part, by unions, the main drivers of government spending, Delaware County “Republican” House Appropriations Committee Chair Bill Adolph, entwined with DelCo’s Democratic Union Organizers.”
Guzzardi called the debt is stealth taxation.
“By the time the bill comes due, the culprits are collecting their government pensions or working as lobbyists,” he said. “Look at a young person; he and she are paying for this fiscally reckless irresponsibility. We don’t teach our kids financial literacy so they rely on us and we sell them out.”