OUR legislature, administration and attorney general are diligently (they say) attempting to divine exactly where GovGuam stands on borrowing power, given the recent U.S. Supreme Court decision on hard-charger Doug Moylan’s appeal.
It’s hard to imagine that the debt limit calculation could be so difficult. It’s simply 10 percent of the current tax roll assessed value. Comparing that figure with the public auditor’s determination of current GovGuam debt, tells us precisely where we stand on borrowing power.
The three-year-old figures from the Guam Supreme Court ruling on Governor Camacho’s petition, plus the EITC and COLA debt, yield a current public debt of around $600 million, give or take $10 million, and a borrowing limit of about $400 million, give or take $10 million. That’s just a guess, of course, but probably in the ballpark.
Looks as though GovGuam has probably already exceeded the Organic Act debt limit by about 50 percent, while trying to borrow still more to keep this bloated bureaucracy afloat. Could there be some reluctance, perhaps, to reveal the actual data: to let the public know, for once, just how badly this government has been mismanaged?

DAVE DAVIS
Yigo, Guam