GEORGE: “O’MALLEY IS SHIFTING TODAY’S DEBT ONTO OUR CHILDREN”

Annapolis, Md. – Delegate Ron George opposes Gov. Martin O’Malley’s increase in the state’s bond limit.

“I agree with Comptroller Franchot that we cannot afford more bond lending.” George remarked. “O’Malley is shifting today’s debt onto our children. He cannot fund the budget with existing revenue so he has backfilled the budget with bond bills.”

Del. George also noted that it was the O’Malley/Brown administration who extended our debt service from 5 years to 15 years thus creating ever increasing future structural deficits.