February 07, 2013
Thursday AM

I would recommend all of our town's people to look into the history of our bus barn and into who was making a huge profit and holding all the cards. We, our city, owned the property, but the building was owned by another. It was such a loose contract and, if we decided that we no longer liked the terms, we were stuck with it or we would have had to forfeit the property over to the company. This situation sounds similar.

Bonds are just like credit cards or any other consumer debt. It doesn't matter if we are buying "necessities" or not, we are selling out our town. Just ask those who were living off of credit cards what happens once you can't pay. After we rack up enough debt our taxes are going skyrocket and we no longer will we really "own" our town nor will we ever get out of debt. It is debt slavery and legalized stealing.

What we need to do is learn to live within our means and stop letting others plunder our town.

I wish we had more responsible representatives who understood finances better and I hope our town's people realize what is going on.

Thank you, Ed Plute, for pointing this out.

Amanda Mitchell
Ketchikan, AK

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