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If you thought your tax dollars went to roads, schools and public safety, you are wrong.
Paying off bonds and interest on bonds is a major part of the budget.
"The Report calculated that the total debt service payments would rise over the next 20 years to:
2014-15 $11.09 billion
2019-20 $14.59 billion
2024-25 $17.59 billion
2027-28 $19.64 billion
The increase in the percentage of the general fund going to pay off the bonds is even more alarming:
2009-10 6.71 percent
2014-15 10.16 percent
2019-20 10.32 percent
2024-25 9.60 percent
2027-28 9.18 percent"
Time to stop selling bonds, tear up the credit card, pay cash: AND STOP PASSING BONDS If you can't afford to pay cash, you can't afford it--as a family, business or government.
More...
Paying off bonds and interest on bonds is a major part of the budget.
"The Report calculated that the total debt service payments would rise over the next 20 years to:
2014-15 $11.09 billion
2019-20 $14.59 billion
2024-25 $17.59 billion
2027-28 $19.64 billion
The increase in the percentage of the general fund going to pay off the bonds is even more alarming:
2009-10 6.71 percent
2014-15 10.16 percent
2019-20 10.32 percent
2024-25 9.60 percent
2027-28 9.18 percent"
Time to stop selling bonds, tear up the credit card, pay cash: AND STOP PASSING BONDS If you can't afford to pay cash, you can't afford it--as a family, business or government.
More...