Hunt: Why More Debt Is a Dumb Idea When You’re Broke

Via Angela Hunt:

Why More Debt Is A Dumb Idea When You’re Broke

You know, the devil’s in the details when it comes to just about everything.  Especially government, and most especially, government budgets. Take next year’s proposed city budget.

I’ve been through this thing line by line, with a fine tooth comb, ever since we got the “final draft” in early August.  It’s a lot to digest.  Lots of numbers and all.  But some numbers are more important than others, and right now I want to focus on debt and its effect on our bottom line.

The city borrows money to make major infrastructure improvements, like constructing new libraries and police stations, building new roads, putting in new playgrounds in our parks.  These are bond projects approved by voters.  When we borrow money for these projects, we’re essentially putting them on the city’s credit card…

Read the rest here.


  1. Dallasite says:

    Maybe she could call and explain this to Congress and the President.

  2. I was just thinking … “did she steal my Federal Reserve Speech, and then apply it to Dallas?”….. The answer… no… she jus has common sense apparently.

    I was pointing out to someone the other day that the amount of money America pays in interest (someone over 800 Billion dollars a year) Is enough to pay for the City Budgets of the United States 500 largest cities.

    So every penny we are budgeting right now would not be a problem if we would just reign in federal spending and live within our means.

    It is nice to know she is on the council.

  3. Why would anyone write “someone over 800 billion”? I swear my spelling problem is getting worse… it’s now entire misplaced words.


    also, yes, just instead of jus
    I am the worst.

  4. amanda says:

    I wasn’t the one to coin the phrase, but I can only say skittles shitting unicorn. (Quotattions no longer needed.)

  5. joker's wild says:

    Amanda – if you have a blog of your own, I think we’ve found the perfect title![Unless is already taken.]

  6. Daniel says:

    I wasn’t the one to coin the phrase, but I can only say Like yikes, Scoob — we’re doooomed!