Gus Uht
38 Studios bonds: Don’t default and don’t repay
In my last post I insisted that Rhode Island needed to keep its word and not default on the 38 Studios bonds. I know more now, and my conclusion has changed. After much discussion with Randall Rose of Occupy Providence, who educated me quite a bit, and Sam Bell of RIPDA, I looked into the [...]
RI needs to back its word on 38 studios debt
Ever since 38 Studios went bankrupt some folks in the state have suggested that a “Moral” Obligation bond means you don’t REALLY have to pay the creditors, unlike a General Obligation bond. Nonsense. Both mean that the state will stand behind its word. If RI does’t, why would anyone ever believe what the state says [...]
State of the State Analysis: Some Highs, Many Lows
On the whole Governor Chafee’s speech was disappointing. The first big budget item: no increases in taxes or fees. So much for tax equity. In fact the corporate tax rate is to go down from 9% to 7%. There are more millions for many worthy projects/areas: K-12 education, higher education, infrastructure, property tax relief, and [...]
RI’s Gambling Addiction: Vote No on Questions 1, 2
Every couple of years someone in RI has the same brainstorm: “Let’s balance the budget by increasing state gambling revenue!” There is often some time-critical imperative requiring that we do it immediately if not sooner. This election cycle it’s the threat/certainty of gambling casinos going up across the border in Massachusetts: our addicted gamblers will [...]
Gus Uht: Why I Am Running for Office
I have decided to run for State Representative in District 52 (Cumberland) because our community deserves real representation at the State House. I will be an effective member of the General Assembly, and will spend time talking to my constituents in order to ensure that their concerns and ideas are heard. My wife Laurette and [...]
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