By Senator Blutarsky
Ref: Frank Williford’s post – Taxpayers will not be on the hook for ONLY 107 million –
Frank – excellent analysis. I concur. But Parker-Weatherford voters have the usual case of “normalcy bias”. They refuse to think that things – society, finance, life in general – might be anything but normal, with an occasional thundercloud, but “normal”. So they set themselves up to be deceived by (take your pick- the school board, city council, county commissioners court, State Rep or Senator), who advocate unscrupulous spending and financing schemes.
This boondoggle in particular is being peddled with the usual sad, weak emotional appeal of ” its for the children “………….riiiiiiiiiiiiiiight………. The same “children” who might grow up and inherit a colossal , oppressive debt ?
This is a time of worldwide economic problems of immense magnitude. And the only solution our “owners”, the privately-held Federal Reserve system offer, is to print more and more and more useless currency.
That is not “wealth”. Bond market ? Maybe if the school board and a few voters want to read about the looming disaster in the bond market, they would cancel this vote and tighten the hatches.
Bond Market Collapse is Imminent – Market Force Analysis
https://marketforceanalysis.com/ resources/ Published-Articles/ Bond-Market-Collapse-is-Imminent.pdf
A Bond Market Collapse Is Imminent As Junk-bond ETF Short …
http://www.investmentwatchblog.com/ a-bond-market-collapse-is-imminent-as-junk-bond-etf-short-interest-so ars-and-mutual-fund-giants-began-turning-down-people-hoping-to-invest -in-funds-that-buy-junk-bonds/
How to Survive the Mother of All Bubble Burstings: A Collapse of the …
http://www.peakprosperity.com/ insider/ 81288/ how-survive-mother-all-bubble-burstings-collapse-bond-market
We are on the brink of a bond market collapse – MoneyWeek
http://www.moneyweek.com/ investments/ bonds/ on-the-brink-of-a-bond-collapse-62706
“The same prudence which in private life would forbid our paying our own money for unexplained projects, forbids it in the dispensation of the public moneys.” –Thomas Jefferson
Note to WISD – have a bake sale, a car wash, have the kids panhandling on the street corners and storefronts for donations – NO NEW TAXES – not ONE CENT.