To the Editor:
If you ask most people what a bond issue is, they can't tell you. They have no idea whatsoever. Therefore, let's take a look and see about these bond issues. They are nothing more than the government borrowing money exactly the same as if a person got a loan to build a house, barn or garage, only your leaders put a fancy name on it. Bottom line: it's your money that has to be paid back with interest and other costs.
If you don't have money, it costs big time money to get money. When people get a long term loan to build a house or whatever, you will pay back three times the amount borrowed. Not only is there interest to pay, there is all kinds of other expenses.
If the school board was allowed to borrow $18 million, the citizens in the district will fork out $44 million dollars; $36 million will leave the county never to be seen again; totally gone; lost. It's another case of the rich getting richer, the poor, poorer.
In the meantime, back in the Carrollton School District, homes are being foreclosed on, farms lost, people having to move, jobs lost, families broken up, but we'll still have a new school building with empty classrooms and still be paying n a Tis Bisy Tenny Weenie bond issue. Is there a better way?
Ray Kugler
Carrollton, OH
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