You Call This a Plan?
Indianapolis Mayor Bart Peterson is offering his plan for tax relief, borrow $75 million. It makes sense for the Mayor to offer this. We borrowed more than $450 million to pay for police pensions. And we borrowed $100 million to pay for pensions back in 2004. Borrowing is no way to solve your money problems. Maybe we should take a couple million to the local pea shake houses and take our chances there. It couldn’t be any worse than racking up more debt. But at least there was no tax increase.
