Today is Saturday, 23rd November 2024

OH: State Economic Plan Requires Borrowed Money

Columbus — Gov. Ted Strickland wants to put Ohio’s economic rebirth on a credit card.”No one likes additional debt, including me,” the governor said Wednesday. “But the national economic downturn is costing us jobs.”

Strickland capped his second State of the State address with an economic stimulus proposal built on the state borrowing $1.7 billion for a plan to create 80,000 jobs.

The plan, which the Democratic governor dubbed “Building Ohio Jobs,” must be placed on the ballot by a Republican-controlled legislature and approved by voters to become reality. It was greeted by a healthy dose of skepticism by Republicans worried about adding new state debt, while fellow Democrats swooned over Strickland’s plan.

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