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Honest Facts of Our Economy

The City of KCK is $2.8 Billion in debt due to writing of Municipal and Utility bonds thru the last 10 years. KCK financial manipulators have written 8 bonds just in February? (Search Wyandotte County)
I ask you to think about all this debt, we the taxpayers are asked to finance bonds to payoff current bonds, we finance bonds to make monthly payroll and this is happening more and more frequently.

Where is our City going and what will the results be? If the people whom buy all our City bonds decide to liquidate funds and foreclose on our bonds, what would happen?
The BPU that is already hocked to the tune of over $650 million would be taken over by lenders and our friends that work there would be sadly most likely out of a job. Money paid to the City by the BPU would stop along with free utilities. This would cost taxpayers some $70 Million extra in taxes yearly to make that up. In the Kansas City Star on Monday February 1st, 2010 an article to raise utility rates by some 31% was hidden on page B6. The Star Article reads that on May 3rd, 2010 the BPU Board will meet to discuss these raises in public and after the meeting vote to pass the revenue changes proposes. You be the judge, look at the bond that was written February 4th, 2010 were it talks of payment of the bond is financed with the 31% increase, is this a done deal?

The City itself would be forced to cough up $ Billions in debt that it don't have and borrowing to pay salaries would end as the jobs of other friends working for the City, the Schools and Community College.

People this is serious and no-one thought our banking system would fail from bad loans, so can happen to Cities for the same reason. Save your City -- Stop the giveaways all financed by bonds?

In total, Americans have lost $5 Trillion from their pensions and savings since the economic crisis began and $13 Trillion in the value of their homes. During the first full year of the crisis, workers between the age of 55 - 60, who have worked for 20 - 29 years, have lost an average of 25 percent off their 401K's off their 401k. "Personal debt has risen from 65 percent of income in 1980 to 125 percent today. " Over 5 Million US families have already lost their homes, in total 13 Million US Families are expected to lose their home by 2014, with 25 percent of current mortgages underwater. Deutsche Bank has an even grimmer prediction: "The percentage of 'underwater' loans may rise to 48 percent, or 25 Million homes. " Every day 10,000 US homes enter foreclosure. Statistics show that an increasing number of these people are not finding shelter elsewhere, there are now over 3 Million Homeless Americans, the fastest-growing segment of the homeless population is single parents with children.

One place more and more Americans are finding a home is in prison. With a prison population of 2.3 Million in Prison, we now have more people incarcerated than any other nation in the world --