Government debt takes twice as much tax money before we have the banks paid off. WE DOUBLE OUR EXPENSE for every road, bridge, sidewalk, school and park, when we use debt. Every dollar we give to the bank buys just as much for the City as every dollar we throw into a trash can.
Tax money pays every penny of development. Government debt is NOT development, bonds pay for NOTHING. We’ll build twice as much per tax dollar when we do not use debt. Government debt is a terrible waste of valuable money. The idea that debt gives more to the City is pure nonsense.