The op-ed in the Sunday IR by Republican legislators Austin Knudsen, Greg Hertz and Ron Ehli made me chuckle. In their argument against the state incurring added bonding debt to help finance infrastructure projects, they used the old comparison to a family’s household spending. It’s not at all like household spending and a bad analogy.
If families in Montana relied only on their present income, how many would own a home, a car or a business? When used wisely, debt can be a leverage for a future benefit. I feel that spending on our infrastructure now is the perfect type of investment given today’s historically low interest rates. It has to be done eventually. Wait another five or 10 years, and it will be more expensive and will most likely face much higher borrowing costs. Do the smart thing by putting political posturing aside and voting for an infrastructure bill that will benefit everyone now.