A $54 million USDA loan to the Mohegans?
By David Collins
Publication: The Day
Published 06/02/2010 12:00
COMMENTS ( 4 )
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LD Posted - June 2, 2010 07:33 AM
Great job, Collins! Keep ferreting out the inequities! One curious thing I found in the article: The tribe is securing the loans with general obligation bonds. G.O. bonds are considered high quality because they are issued by a municipality which, in turn has the ability to raise taxes in order to insure there is enough money to pay back the loan in case of a shortfall. What such ability does the Mohegan tribe have to ensure the repayment of this loan?
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billd Posted - June 2, 2010 07:32 AM
Amazing, no response from Lieberman, lame duck Dodd and Courtney just found out about it. One would think one of them would question what the hell are we thinking knowing what is going on with their constituents. The best part is I am not sure they know who their constituents are!! The tribe is a foreign nation and we the people who are struggling need the money to survive are not being protected, Maybe one of them will wake up and see what a farce sovereignty is and will initiate a bill to END SOVEREIGNTY. A nation within our nation that uses our money when we are in such need. What a joke. Yes David continue to report on these abuses and don't let them slide under the table
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ctgirl Posted - June 2, 2010 06:35 AM
I think David Collins needs to find someone or something other than the tribes to write about--not too original and starting to sound like a one note opinion writer. By his reasoning, the State of CT that has some of the wealthiest communities in CT should not receive any federal funding either. Seems to me the taxpayers aren't subsidizing anything since it is a loan repaid with interest! A little misleading but then of course, designed to sell papers.
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Roberto Domingo Posted - June 2, 2010 06:32 AM
"Once completed, the new center will provide essential government services and create an estimated 1,279 jobs for this rural community," the press release said.
Thank goodness that our federal government is looking out for the rural areas of this country. Montville has been in the dark ages for so long. Next the feds need to help out the likes of rural Hartford and maybe even Providence Rhode Island. The Mohegan tribe must have some pretty influential friends who lobby for their NEEDS in the US Capital. What an amazing story of the needs of rural America. The best part is that each and every one of us actually get to be part of this by paying for this through our taxes. We should all feel part of the solution now.
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EDITORIAL FOOTNOTE: Mohegan Tribal Members, do we need this? Who is to blame for this mess (bad press)? Could it be the Mohegan Tribal Council? Is it time for a change? Should these people go? What do you think?
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