Monday, February 6, 2023
Hawai'i Free Press

Current Articles | Archives

Friday, January 28, 2011
GOP: Moody’s puts $7,987 price tag on Hawaii Democrats’ failure
By News Release @ 2:37 PM :: 5766 Views :: Energy, Environment

THE COST OF FAILED LEADERSHIP

News Release from www.GOPHawaii.com

Today, Moody's Investors Service just put a price tag on the failed leadership of the Democratic Party in Hawaii.  According to Moody's, Hawaii has the highest debt burden in the nation.  Because the Democrats keep spending beyond our means, every man, woman and child in Hawaii now owes the State $7,987.00. 

As Hawaii Democrats kept spending, raiding special funds and increasing the size of State government, they have forced the rest of us to pay for their mistakes and lack of leadership.  Moody's points out that Hawaii's State and County Employee Retirement System fund is now rated at the bottom 20 nationally.

"The tab for the Democrats' lack of leadership and willingness to reward their friends, like union bosses, now comes due," said Hawaii GOP Chair, Jonah Kaauwai.  "We simply cannot afford these good old boys who when the party's over, stick us with the check," he said.

Kaauwai pointed to Abercrombie Appointee, Dwight Takamine, as a prime example of Democrat business as usual.  "As House Finance Chair, in 1999, Takamine amended a bill to underfund the Employees Retirement System.  The Hawaii State Supreme Court ruled that was unconstitutional in 2007.  And now Governor Abercrombie nominates Takamine to an appointed position, after he left the State and County retirement system in a shambles, so Takamine can get his "High 3" off the back of the hard working men and women in State and County government, and their only solution is to tax pensioners and soda.  "There is no greater sign that the bad old days of 'Reward your friends and punish your enemies'." Kaauwai said. 

Kaauwai concluded that "Hawaii needs to wake up because the Democrats are spending even faster as they can tax, and right now, they're in overdrive." 

 

###

RELATED: Moody’s: Hawaii bond rating at risk

SA: Hawaii’s debt burden highest in nation

Image

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

808 Silent Majority

ACA Signups Hawaii

Alliance Defending Freedom

Aloha Pregnancy Care Center

American Council of Trustees and Alumni

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Astronomy Hawaii

Back da Blue Hawaii

Ballotpedia Hawaii

Better Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

ChinaTownWatch.com

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii Coalition Against Legalized Gambling

Hawaii ConCon Info

Hawaii Credit Union Watch

Hawaii Crop Improvement Association

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii Future Project

Hawaii Gathering of Eagles

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together

HIEC.Coop

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Malulani Foundation

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

MentalIllnessPolicy.org

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport

Obookiah

OHA Lies

Opt Out Today

OurFutureHawaii.com

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Pritchett Cartoons

Pro-GMO Hawaii

P.U.E.O.

RailRipoff.com

Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

Save Dillingham Airfield

School Choice in Hawaii

SenatorFong.com

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii

Yes2TMT