GOVERNOR Camacho, accompanied by various lackeys and horseholders, will journey at the end of April to the offices of Standard & Poor’s, the financial industry’s foremost credit rating and risk assessment agency that recently placed GovGuam on a credit watch with negative implications.
He’ll attempt to convince those learned and astute gentlemen, no strangers to dog and pony shows replete with much smoke and mirrors, that GovGuam is financially healthy and undeserving of such a crippling blow to his grandiose borrowing schemes.
Meanwhile, back at the ranch, there are those of us who’ve watched GovGuam’s descent into insolvency over many years, through many administrations, and see nothing of substance that’s new or improved in what now transpires betwixt the administration and the legislature.
Should there be enough right-thinkers among lawmakers, the governor’s latest borrowing scheme will die a quiet death, rightly deserved. On the other hand, should the legislature attempt in any way to further the governor’s plan to heap debt upon debt – already far beyond the limit imposed by federal law – then vigilant taxpayers will step into the breach and bring the whole scam to a screeching halt.
We should have our answer on which way the legislature will flop within a day or two, and enough information to chart our next move in financial self-defense.

DAVE DAVIS
Yigo, Guam