Monday, August 29, 2011

County owes over $4.1 BILLION

Yes folks, you read it correctly, a COUNTY owes at total of over $4.1 BILLION. That's Billion with a "B," not Million with an "M." I bet there are some NATIONS out there that don't owe that much. This is mind-boggling! According to the Dallas Morning News, the county's "problems arise from a mix of outdated sewer pipes, the economy, court rulings and public corruption". (Sat. Aug. 13, p. 5A, col. 1-4.) The biggest debt is $3.1 for the sewer system. Looks like the the strategy of buying votes by spending but not raising taxes adequately has finally caught up with some folks. These county leaders need to think about running for Congress! Where do the voters find these people? It looks like irresponsible spending exists at all levels of government (U.S. California, Jefferson County). For more see link.

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