Tuesday, July 1, 2008
loans
Bond money was NOT an option because banks have NO liquidity? How can THAT be? They wont loan to municipalities because they believe that some of them are financially irresponsible and will go bankrupt? Yep,that sounds like US. Fortunately, or unfortunately, other banks will loan to us, at higher and more costly rates, to make up for the bankruptcy risk. Banks got into this mess by loaning money to people with NO financial sense, and THAT history has repeated itself. A clueless Council will raise our taxes, fees, and whatever else they can to pay for this fiasco in the next year. Remember this at the polls next year. No vision or sense of financial responsibility, stopped listening long ago to the residents (listens VERY WELL to the contractors, tho), and any possible sensitivity or concern regarding the plight of citizens and residents has disappeared (if there EVER was any); yep,I would say they have the trifecta covered- deaf, dumb, and blind. Or maybe they are just incredibly oorrupt-you decide. NOBODY can be THAT short-sighted, ignorant, oblivious, and inept ALL THE TIME! Corruption is the only way to explain the Council's stunning stupidity on EVERY project! Nobody can be THAT fiscally insane ALL THE TIME!
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