Don't forget Indiana owes a gigantic debt to feds

2013-03-18T00:00:00Z Don't forget Indiana owes a gigantic debt to feds
March 18, 2013 12:00 am

Most folks think Indiana is in the black. I am beginning to think most of our Indiana legislators believe that as well.

Depending on what; accounting method you use, Indiana has the oldest outstanding loan since 2008 to the Federal Unemployment Account. Indiana is accruing interest on this loan of $1.8 billion. Indiana ranks among the top five owing states.

Several weeks ago, I spoke with Rep. Ed Soliday's legislative assistant. He touted that Indiana has a $2 billion surplus. I asked him about our outstanding federal unemployment debt obligation. I asked him why we haven't paid back our $1.8 billion loan. He said, "We have started to pay that back."

So, when Indiana legislators (led by GOP super-majority) want to spend mass money on the mass transit system, spending $380 million on education, giving $100 million to the Indianapolis Motor Speedway, in-state tuition to illegal immigrants and money to the casinos, remember, we do have a debt obligation.

- Susan Martin, Valparaiso

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