They saved whatever could be used again from string to old car parts. They were loath to waste a scrap of food. And they never bought on credit when they could pay in cash. Debt reduction is an idea whose time has come again. It's a prudent plan.
Debt reduction is the next step on the state's path of fiscal responsibility.
Prompt passage of a supplemental budget bill with debt reduction as its centerpiece will do the trick. First, debt reduction strengthens Vermont's fiscal future. In issuing the upgrade, Standard and Poor's cited Vermont's debt reduction policy as an important factor. These favorable trends are a result of favorable response by the administration and legislature to recommendations by the Debt Affordability Committee regarding long-range debt and capital planning. Our hard work was noticed and rewarded.