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Dear Editor:
Since 2015, as the Dow Jones Industrial Average soared from 17,587 to 30,000, the Carmel debt load increased 74 percent.
Carmel’s population increased just 15 percent since Pence was governor and Obama was in the White House. In 2015, the Royals won the World Series, Ohio State won the first-ever national collegiate football playoff series and Carmel won only a half-dozen state athletic championships.
But City Hall drove up the debt from $914 million to $1.6 billion, lifting the average household share of the debt 51 percent – from $31,617 in 2015 to $47,872 today.
Still, if you ask any of the borrow-and-spend majority in the city council to even tell what the current debt is, you will get no direct answer. Just some song and dance about how wonderful it is to ride your two-wheeler down the Monon.
What will the next five years bring?
Bill Shaffer
Carmel