Mayor Mike Johnston announced his plans to ask for more debt this November 4, 2025
So here we go again, the Mayor of Denver, and City Council, wasting precious time and millions of dollars all in order to get the City further into debt. Chase bank loves the City of Denver. Chase bank reported $54 billion in profit last year.
Apparently, Mayor Johnston wants to take more money from the teachers, the nurses, the restaurant workers, the retail workers, the truck drivers, and then give this money to the Wall-street banks.
Mayor Johnston and the Denver City Council claim not to know how much new debt they plan to ask for this November — all a smoke-screen as they pretend they’ll just leave it up to the Citizens to decide.
Government debt is Greedy policy presented as democracy
My guess would be that they’ll ask for around $950 million, plus or minus a couple hundred million. The Wall-street bankers are licking their lips as they wait to make hundreds of millions of dollars in profit on this deal – money that will come from the Citizens of the City.
No wonder we find it too difficult to get the bills paid.
Debt requires, on average, twice as many tax dollars per spend than building a City without using debt. Whether we build a park, a library, or a recreational center — when we use debt we cut our budget in half, half for actual service, half for debt service. Basic math.
Please keep in mind that every time the politicians talk about everything they’re going to buy for us – we buy a lot more when we do not use debt. Twice as many parks, twice as many libraries, twice as many recreational centers, per tax dollar, when we do not use debt. Basic math.
We will receive more services from the City, per dollar of City revenue, when the politicians break their terrible addiction to debt. It’s impossible to repay debt without twice as many tax dollars, on average, per spend.
There’s a common misconception about government debt that either we accept more government debt or the taxpayers will need to foot the bill, as though debt would somehow lower tax bills. This widespread misconception is our primary problem to address in order to reduce government debt.
As usual, the politicians, Mayor Johnston, Denver City Council, Amanda Sandoval, lie about “no new taxes,” as they ask the voters for more debt for Denver.
The City of Denver raises our taxes, on average, one way or another, several times per year (and “fees” are taxes of course). Until the City goes at least one year, one year at the very least without any new taxes, until then, Mayor Mike Johnston you should not talk about “no new taxes,” or your nose is going to grow like the evictions in our City.
Zero actual service comes from every dollar of debt service
We receive a lot more actual service from the City when we reduce the debt service. Government debt is synonymous with austerity even though many are fooled by political and financial deception into thinking the opposite of this.
Bonds pay for nothing. We, the People of the City, pay for all this, every single penny. And when we use bonds, we waste enormous amounts of valuable money.
It’s NOT constructive to give half our government revenue to the banks. Every dollar we give to Chase bank and all other banks is the same thing as throwing that dollar into a trash can.
Mayor Johnston, you’re asking the voters to take money from the High School kids as they are the ones who will pay back this debt when they graduate and begin to make a paycheck.
Amanda Sandoval, Denver City Council, stop telling people you’re doing this for the future generations when you’re putting future generations into more debt, the opposite of caring ahead.
Government debt is the exact opposite of paying it forward
Nicole Doheny, as Chief Financial Officer for the City, you’re causing harm and destruction to a healthy government budget. Nicole, are you working for the City of Denver or Barclays? Your financial advice to our City is negligent malpractice as you sell our tomorrow and the next day.
A financial predator always wants more financialism, another layer of finance, another layer of leech. Financial Greed is wrecking our world.
Nicole, you’re always talking about “repayment capacity,” as though more debt is the goal. You’re just reaching for the City to max out its debt, what terrible financial strategy. You play finance like a wanna-be player and we, the workers of the City, we pay for your financial crap.
This debt mentality is what Warren Buffet warns against all the time. Only a fool would aim to max out debt. As CFO for the City, Nicole, you are negligent, fraudulent.
When you have credit cards paid off, you’re much better to leave it that way.
Mayor Johnston, Denver City Council, when it comes to government debt, you’re fake, fake, fake. Please check your political Greed, take, take, take, more, more, more, me, me, me.
For some odd reason, the City of Denver spends time and money to brand debt in a positive light with names like, “Vibrant Denver (2025),” “Rise Denver (2021),” and “Elevate Denver (2017).”
Why the hell would a person brand debt in a positive manner; debt is a liability, not an achievement. So Orwellian for a government to brand debt.
If you were to brand debt (but please, don’t), it should have a name like, the “Oops We Messed Up” bond package, or the “Gee We Need to Get it Together Over Here” bond package, or the “I’m a Greedy Politician” bond package.
If I go out and buy a new boat for the driveway and I do this on debt, is that boat an achievement, or is it a liability? There’s no achievement when you leave the bills to be paid-for by the next generation of young adults.
Mayor Mike Johnston, you’re throwing away our tomorrow and the next day. There’s nothing vibrant about debt.
Vote NO more debt this November 4th, 2025
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