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?
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?
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
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?
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