Wednesday, December 15, 2010

Guilford County Total Debt + City of Greensboro Total Debt...

Guilford County Total Debt + City of Greensboro Total Debt
as of June, 30 2008:

$562,827,364 + $584,713,000 = $1,147,540,364

Guilford County + City of Greensboro debt
authorized for November, 2008’s election:

$676,930,000 + $205,000,000 = $881,930,000

Proportion of debt on November 2008’s ballot to 2008 Total Debt:

$881,930,000 / $1,147,540,364 = 77% of outstanding debt

…avoiding…the accumulation of debt,
not only by shunning occasions of expense,
but by vigorous exertions in time of peace to discharge the debts,
which unavoidable wars may have occasioned,
not ungenerously throwing upon posterity the burthen,
which we ourselves ought to bear.

George Washington

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NEWSBUSTED at NEWSBUSTERS.ORG 2-18-2015