Rhode Islanders can’t afford $642 million – We’ve Spent Enough Money!
Doc Skoly Does It Again! #RejectThe7RI
Center Releases Counter-video to Cooler/Warmer II
Providence, RI – In response to a union-funded advertising video in support of new bonded debt that will cost taxpayers $642 million, the RI Center for Freedom & Prosperity today released its own video ad, urging voters to “REJECT” each of the 7 special-interest oriented spending questions on the ballot for the special election, now underway through March 2.
Citing the Ocean State’s existing level of crushing debt, the video’s theme is ‘We’ve spent enough money’. The Center’s video was produced by JawDoc Productions, the same outfit that in just few hours in 2016, at virtually no cost, produced a superior and more popular counter-video to the massively expensive and geographically-incorrect Cooler/Warmer video ad embarrassingly published by Governor Gina Raimondo at significant taxpayer expense.
“This year, special interest unions conspired to fund yet another advertising debacle, again paying exorbitant fees to an out of state firm, which made the same mistake in using geographically-incorrect images,” commented Mike Stenhouse, the Center’s CEO. “Just take a look at the money behind this ad campaign promoting massive government spending; it is clear that such spending will only enrich insider cronies at the expense of the hard-working people of our state.” This year’s union video has been dubbed by many as Cooler/Warmer II.
The Center argues that debt is a delayed tax. And that as Ocean Staters struggle to recover from the devastating impact of the pandemic, forced to cut back on their family and business budgets … that likewise, the State of Rhode Island should trim its big-spending habits. “It would be completely tone-deaf and yet another self-inflicted wound for government to impose such future burdens on taxpayers during these trying times,” concluded Stenhouse.
Dr. Stephen Skoly, founder of JawDoc Productions and a maxillo-facial surgeon, is also Chairman of the RI Center for Freedom & Prosperity.
More Reasons for Voters To Reject All 7 Bond Questions
- Debt is $14,700 per taxpayer, giving RI a D for fiscal health.
- Per capita bonded debt of $10,215, 3rd highest
- In general, RI’s interest costs of 25% (17th highest)
- Estimated interest of 5% on 3/2/21 bond questions produces interest cost estimate of 60% ($242m on $400m).
- Story of recent migration in RI is young, early-career people moving out and older people moving in. Inevitable tax increase to pay for debt will push more younger folks out while squeezing the older folks, especially those on fixed incomes.