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Dear Editor:
For those of us concerned with runaway debt in local government, the latest reports on the state’s Indiana Gateway website are discouraging indeed.
According to data the cities provided to the state, two of the top four debtor cities are in Hamilton County.
The top four:
- Carmel: $1.6 billion
- Fishers: $1.4 billion
- Evansville: $1.4 billion
- Fort Wayne: $1.3 billion
Each year the debt grows as spending outpaces revenue, and lenders are happy to draw large interest payments from taxpayer wallets.
From a moral point of view, however, leaving these debts to the next generation is shameful.
Bill Shaffer
Carmel
Completely rediculous!
Taxpayers deserve more than local government spending money like Drunken Sailors on shore leave, and I mean no disrespect to the Sailors! Who needs Tax and spend Democrats when the Republican Supermajority is digging us deeper in debt every day! Anybody can build something when they are spending other people’s money!
I think USA has increased debt while depriving poor of health, education. We will leave all the burden on middle class family. Rich are not going to pay any taxes. It is time for a flat AGI and Net income tax rate. Adjusted gross income minimum 15%. Net income 30%. Surcharge of 5 to 10 % on all income above 1 millions a year. Or rich can move to Aruba (loose Citizenship)