Who would have ever thought the United States of America could actually be on the brink of running out of credit to pay it's bills? Who would have ever thought that unless they agree to borrow another bazillion dollars or so, they won't be able to keep the government running, and as many as 800,000 government employees could be out of work?
I ain't no economist, in fact, I just ain't that bright at all, but I can't help but wonder how many more trillions of dollars of our grand kids money we can keep spending until this whole thing just goes sideways?
Locally......
In the past decade we have spent our grandkids money on the following items, all of which are questionable investments:
$75 million on a conference centre (a building you likely couldn't sell for $35 million)
$70 million on a new water treatment plant and delivery system (in 150 years it was only necessary to boil out water on 3 occasions because of health concerns).
$16 million on a shiny new office for city staff ( a few million would have improved the old adequate annex)
$80 million on secondary sewage treatment and outfall pipe (a pipe that failed about 30 years before expected).
Rational, sound arguments can be made for the opinion that we did not need to spend any of the above money, which for the most part has put us in debt for the next 20 years or so, all at a time we are underfunding our water, sewer and roads by possibly $10 million annually.
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