Base Information/Correspondence - Installations in Guam Page: 44 of 742
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FIABCI
the real estate office
ARTERO REALTY
international Real Estate Marketing
2nd Floor, YMLG Bldg. Route 8 * P.O. Box 988, Agana, Guam 96910
LTOR Phone: (671) 477-1985 / 1986 * Fax: (671) 477-1987 INTERNATIONAL
March 29, 1995
Tony Artero's Testimony Before BRACC '95 on Guam, USA
I do not wish to speak for the sake of speaking. Convinced, I am. It is time for someone to stand
up and say the obvious. Although Guam has been flying the American flag for nearly one hundred
years, many people have gone before us without ever seeing the reality of their belief in what
America is all about.
The people of Guam have fought in all of America's wars since America invokes the use of our
very limited and precious real estate. Yet, generations come and generations go and the
problem, that of economic freedom, has yet to be addressed and corrected. Over the years,
only the symptom of the problem is addressed, never the problem. Instead, the government grew
in leaps and bounds and has evolved into an unrestraint, ruthless, and insatiable giant and spending
skyrocketed like there is no tomorrow. Consequently, the Federal Government's financial
position is near five trillion dollars in deficit spending. Similarly, Guam's financial position is now
near the bottom of the Marianas Trench. I hope that this hearing with BRACC '95 will cause a
solution to this cancerous dilemma we find ourselves in. I will offer some examples.
Before World War II, without a Department of Agriculture, fruits and vegetable crops were
plentiful. Cattle grazing and raising hogs even supported a commercially operated slaughter
house. Timber was available which even supported a commercially operated sawmill. Ship0
coming to Guam can replenish their provision of fresh local food and fresh water. Guam, in
past, fed its people even during World War II that lasted nearly three years. In addition, alth
unwilling, Guam also fed the Japanese Army. That is something to reckon with. Today, ships
bring food and even water to this rainy tropical Guam because government actions have destroyed
practically everything developed by our ancestors.
Obviously, the government works hard at replacing the fundamentals that have worked and
always will work. We need a dose of reality and common sense not Affirmative Action that
produced negative results. Furthermore, there is no law, I repeat, no law that can guarantee
protection from the unlawful the lawless and the corrunt. In addition, no government can
have enough money without integrity. The Balance Budget Amendment will not balance the
budget. The people entrusted with the power and authority to govern must first want to do what
is right. Lastly, the best government anywhere is less government. More examples.
Before World War II, without a Guam Economic Development Authority (GEDA), Guam was
economically self-sufficient and self-reliant. Without a Guam Housing and Urban RenewalAuthority (GHURA), and, without a Guam Housing Corporation (GHC), affordable housing was
not a problem. Today, affordable housing is a critical problem. Without insurance, the people
were assured. Today, with insurance, the insurance companies are assured.
THE INTERNATIONAL REAL ESTATE FEDERATION * THE NATIONAL ASSOCIATION OF REALTORS * THE GUAM BOARD OF REALTORS
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Base Information/Correspondence - Installations in Guam, text, Date Unknown; (https://digital.library.unt.edu/ark:/67531/metadc27609/m1/44/: accessed April 19, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.