RI not quite as screwed as Daily Beast thinks

RI not quite as screwed as Daily Beast thinks.

Ted Nesi at WPRI.com does an excellent job dispelling some fiscal alarmism over the state debt load in Rhode Island.  Today you see a lot of criticism of deficits and debt, but often a poor understanding of the difference between short and long term structural deficits, as well as the different types of debt.  It is important that voters begin to understand these issues, instead of just relying on misleading talking points from their politician or cable/radio personality of choice.  Ted writes that:

“…Rhode Island has a lot of difficult decisions to make over the next few years. And it’s important that as we move forward, we really understand the reality of the state’s problems so we can focus on the right issues, ask the right questions, and make the right choices.”


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