Math on debt.

[Eseone]

In the "Kansas Local Government 2005 Debt Affordability Report" look what has happen since 2005.
Junction City, which has no published credit rating, had a 2004 population of 18,883.
Located in Geary County, Junction City’s population has decreased by 1,497 citizens since 1995.
As the population has decreased, total bonded debt and total bonded debt per capita have increased. In 1995, total bonded debt was $10.7 million, which by 2004, had increased to $14.9 million. In turn, total bonded debt per capita increased from $526 in 1995 to $788 in 2004. The assessed value for the city of Junction City also increased during this time period, from $66.4 million to $88.3 million. The assessed value of the top ten principal taxpayers as a percent of total assessed value was 23.55 percent in 2004.
In 2004, Junction City’s direct debt was $14.9 million, while the overlapping debt was
$3.7 million. In the same year, overlapping debt comprised 19.73 percent to total direct and
overlapping debt. Overlapping debt is comprised solely by overlapping county debt in 2004.
In 2006, Junction City had no bond ratings from Moody's, Standards and Poors or Fitch.
AS of July 15, 2009, the debt for total general obligation bonds and notes outstanding was
130,897,000
Our debt in 2004 was 14.9 million and five years later it's $130,897.00.00. I must be wrong with my math. Someone tell me I'm wrong.

[Tut Tut]

You're wrong.

[taxpayer]

You are wrong, I believe. When all the temporary notes are converted to city debt, it's more around $200 million.

[come on]

Hard to beleve but true

[To Eseone]

Ok, I'll tell you. You're wrong dude. Now go find a good university, go to school, get your doctorate in economics, and then come back here and post your gloom and doom.

Yup, the city is in debt. Who cares? Who isn't in debt? How many people go into debt to buy a house? A car? A stereo? It is all RELATIVE and most of you are not seeing the entire picture.

News Flash - THE ENTIRE COUNTRY IS IN DEBT!

[taxpayer]

To Eseone wrote:

Ok, I'll tell you. You're wrong dude. Now go find a good university, go to school, get your doctorate in economics, and then come back here and post your gloom and doom.
Yup, the city is in debt. Who cares? Who isn't in debt? How many people go into debt to buy a house? A car? A stereo? It is all RELATIVE and most of you are not seeing the entire picture.
News Flash - THE ENTIRE COUNTRY IS IN DEBT!

Very few cities are in debt per capita like JC is.
You sound like a good candidate for city commissioner- very much in the Heldstab, Rhodes, Wunder mold.

[Light On]

To Eseone wrote:

Ok, I'll tell you. You're wrong dude. Now go find a good university, go to school, get your doctorate in economics, and then come back here and post your gloom and doom.
Yup, the city is in debt. Who cares? Who isn't in debt? How many people go into debt to buy a house? A car? A stereo? It is all RELATIVE and most of you are not seeing the entire picture.
News Flash - THE ENTIRE COUNTRY IS IN DEBT!

Yup.

[Tom]

I'm just going to watch them get the debt down to 30% by 2015. If they can do this they have my support.

[To Eseone]

taxpayer wrote:

<quoted text>Very few cities are in debt per capita like JC is.
You sound like a good candidate for city commissioner- very much in the Heldstab, Rhodes, Wunder mold.

"Few cities?" Well I'm sure that's a published statistic. And naturally you can quote the source of that information, right? And the source is reputable and accurate, yes?

Once again, here's someone quoting questionable information from an unknown source to support a position against our city government.

And lets end all our posts with some sort of insult or what could be percieved as an insult. Oh my, my feelings are sooooo hurt.

If you don't mind, I think I'll get my info from a reliable source. You can continue to get your info from your neighbor, Cletus the slack-jawed yokel.

[taxpayer]

To Eseone wrote:

<quoted text>
"Few cities?" Well I'm sure that's a published statistic. And naturally you can quote the source of that information, right? And the source is reputable and accurate, yes?
Once again, here's someone quoting questionable information from an unknown source to support a position against our city government.
And lets end all our posts with some sort of insult or what could be percieved as an insult. Oh my, my feelings are sooooo hurt.
If you don't mind, I think I'll get my info from a reliable source. You can continue to get your info from your neighbor, Cletus the slack-jawed yokel.

Rod, is that you?

[To Eseone]

Nope, I'm not Rod. Just an ordinary average JC resident with some common sense and an education. And for the record I have taken several classes in economics and advanced math at Kansas State University and excelled in all classes so I do have some idea about our debt and it just isn't as bad as everyone is making it out to be. It's pretty easy to see a fouled spark plug and automatically condemm the car.

[To Smartazz]

To Eseone wrote:

Nope, I'm not Rod. Just an ordinary average JC resident with some common sense and an education. And for the record I have taken several classes in economics and advanced math at Kansas State University and excelled in all classes so I do have some idea about our debt and it just isn't as bad as everyone is making it out to be. It's pretty easy to see a fouled spark plug and automatically condemm the car.

WHOOPIE!

Blow your own horn! I am sure you graduated "Suma Cume Smartass".

Insulting, ignorant, arrogant prick.

Oops. Spell check. You failed English.

BTW -$200,000,000 debt in a city of 2000.

You don't need a degree to see it's all screwed up.

[Que]

To Eseone wrote:

Nope, I'm not Rod. Just an ordinary average JC resident with some common sense and an education. And for the record I have taken several classes in economics and advanced math at Kansas State University and excelled in all classes so I do have some idea about our debt and it just isn't as bad as everyone is making it out to be. It's pretty easy to see a fouled spark plug and automatically condemm the car.

Look at the US Debt Clock posted under "Astronomical US Debt" Blog.

Still think everyone, including JC is in good shape?

[Big Dummy]

To Smartazz wrote:

<quoted text>
WHOOPIE!
Blow your own horn! I am sure you graduated "Suma Cume Smartass".
Insulting, ignorant, arrogant prick.
Oops. Spell check. You failed English.
BTW -$200,000,000 debt in a city of 2000.
You don't need a degree to see it's all screwed up.

Ok, I give up Jethro. You can go back to brushing your tooth and dating your sister.

[To Big Dummy]

Big Dummy wrote:

<quoted text>
Ok, I give up Jethro. You can go back to brushing your tooth and dating your sister.

Clever retort, Braniac.

By Hawkins Chair I do believe you are the dippiest of sh!ts!

[banking]

better to withdraw than deposit