BONDS EQUAL TAX!
"...the borrower is a slave to the lender" (Proverbs 22:7).
When you vote “yes” on any bond measure, you are voting to further enslave yourself and the other taxpayers of your city, county or state.
From 1955 to 1975,
Bonds get paid first from general fund leaving less money to pay for transportation, education, and healthcare.
What’s worse, bond payback normally takes 30 years. Interest compounds during that time. Thus, the actual cost to taxpayers is roughly double the face amount of the bond.
Certain special interests
business sectors, unions, etc.) invest several million dollars in often
distorted advertising campaigns in order to pass a bond measure that
them a return to them of billions of taxpayer dollars! And a
Don’t voters care that they, and especially their children and grandchildren, will be paying higher and higher percentages of their income in taxes in the years to come due to these bonds?
But one may ask, "Aren't
bonds needed to obtain large amounts of money at one
time?" That simply
is not true.
There are conceivably emergency or urgent matters for which bonds may be a necessary evil.
But remember, "Bond"
is a spin word for "tax," and bonds have spun