NO MORE BONDS UNTIL WE PAY THE OLD ONES OFF
By Charles Edwardson
October 03, 2010
I am not in any way shape or form against libraries, fire stations. or fixing our sewer systems, any more than I am against a new ipod, a new car, new boat, some new tools, all of which would improve my life and enable me to keep up with the times, so let's just save the shocked indignation, I simply cannot afford those items.
Unlike the City of Ketchikan I am on a tight budget, that is why I use this free form of media so often, this is how a budget works to the best of my knowledge, we don't spend more money than we can reasonably expect to bring in (my household). And we don't borrow money every time we need some thing. it takes longer to acquire the things that I want but in time I come to realize that those items that seemed so important we really could get by with what we have, and when I can afford the "wanted" items I buy them, then the items I really "need" are that much more attainable through loans and leveraged funding because I am not riddled in debt.
We cannot afford any of the bond issues on the ballot, read carefully Sept 30, 2010 daily news on library, it goes like this ... city "asks voters" to approve 5.2 million in bonds, the city "expects"to receive 6 million from the state -- the city "hopes" to raise 3 million in grants and donations.(these are quotes).
What if your kid said "dad,, I'm going to ask the bank for a loan. I told the bank I expect to get some money from my rich uncle, and I hope to raise some money from donations from my friends, DAD, would you please co sign this loan for me?" I don't know what your reaction would be, but after I laughed my rear off I would say," Kid you need a reality check."
Received October 01, 2010
- Published October 03, 2010
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