Beginning in 1789, America’s Constitutional form of limited governing took effect. As our new country became established, its authority was limited, as was its revenue – due to its meager tariff-based revenue – so if there was debt back then, it was minor and of brief duration.
COLQUHOUN: Nashua’s Debt Reality: What Alderman Thibeault Gets Wrong
It was disappointing to read Alderman Derek Thibeault’s recent Union Leader op-ed claiming that “some candidates are distorting the truth” about Nashua’s debt. In fact, it is Alderman Thibeault who has misled the public about the city’s financial position. Alderman Thibeault stated that “claims of Nashua having $500 million in debt are flat-out false” and … Read more