If a family of 2 parents and 3 kids can’t afford a vacation, and the parents decide on a family election, in which the 3 kids vote in favor, who should accept responsibility when the parents can't pay the mortgage?
Whatever failures I have known, whatever errors I have committed
whatever follies I have witnessed…
have been the consequence of action without thought.
American financier and presidential advisor
What if the parents are Guilford County’s Commissioners and Greensboro’s City Council, who authorized about 77% more debt for voters to approve or not in 2008’s election?
Half the work that is done in this world
is to make things appear what they are not
Elias Root Beadle
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 Total Debt:
$881,930,000 / $1,147,540,364 = 0.768539415
The liberties of a people never were, nor ever will be, secure,
when the transactions of their rulers may be concealed from them.
Was Greensboro and Guilford County’s electorate provided enough relevant information to determine whether a 77% debt increase, not including interest, was in the best interests of the community?