Rumors continue to swirl that Senate Majority Leader Mike Shirkey, R-Clarklake, plans to offer the idea to securitize the state’s pension funds or delay the repayment of debt to find dollars for the state’s roads.
This isn’t a real solution. If adopted, this idea would not only push back the date of full debt repayment for the state, but it would also add billions of dollars to our state’s debt, all on the backs of Michigan educators and public servants.
Source: Opinion | Enough is enough – don’t fix roads with classroom dollars | Bridge Magazine