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America’s debt reality: Interest payments now eating 15.5% of federal revenue
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ContraPloy, Approved, Commentary, National

America’s debt reality: Interest payments now eating 15.5% of federal revenue

By Jim Swift | Commentary, ContraPloy (Various & Sundry section) The federal debt is big. But how big is too big? At time of this writing, it’s $38 trillion and change. Is that too much? Who knows? The only practical way to understand it is to compare it with another number. A popular approach is to compare it with Gross Domestic Product (GDP). These days, the national debt is around 119% of GDP. That seems bad. Actually it’s worse, because it’s comparing the money the federal government borrowed with the goods and services everyone produces. If we compare the national debt to just the revenue the federal government collects, it’s more like 600%. But is it too much? Who knows? Another approach is to compare it with the population of the country, which is around 343 million sou...
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It’s YOUR Money – Not The Government’s
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Rocky Mountain Voice, Commentary, National, Top Stories

It’s YOUR Money – Not The Government’s

By Russ Minary | Guest Commentary, Rocky Mountain Voice "Government is like a baby. An alimentary canal with a big appetite at one end and no sense of responsibility at the other." – Ronald Reagan Ronald Reagan was a Democrat with conservative values, unlike many in his party. So he switched parties and became a Republican, serving two terms as California governor (1967–1975). He went on to national office, serving two terms as president (1981–1989). Reagan is often credited with our nation’s swing toward conservatism and is generally remembered favorably. He had a great sense of humor, which he used to move his agenda forward with Democrats, Republicans, and most Americans. During the Reagan administration, however, our national debt grew threefold—from $971 billion to $2.97 tril...
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Who’s funding Vibrant Denver? Big developers, nonprofits and tax-funded arts groups
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Denverite, Approved, Local

Who’s funding Vibrant Denver? Big developers, nonprofits and tax-funded arts groups

By Kyle Harris | Denverite One notable booster hasn’t donated yet. A who’s who of Denver cultural giants, developers, construction industry leaders and nonprofits are donating big to Mayor Mike Johnston’s Vibrant Denver bond campaign. Vibrant Denver Bond, the committee raising money for the effort, had brought in more than $1 million as of the end of September.  The opposition to the bond, Citizens for NO New Debt, had raised just over $3,000. The group argues that Denver should avoid incurring debt and hold off on starting new projects until the city can afford to do the work without bonds. Taxpayer-funded cultural groups are among the biggest donors. The five regional taxpayer-funded Tier One Scientific and Cultural Facilities District institutions – the Denve...
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Denver Schools Eye Another Bond Despite $975 Million Passed By Voters in 2024
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The Denver Gazette, Approved, Local

Denver Schools Eye Another Bond Despite $975 Million Passed By Voters in 2024

By Nico Brambila | The Denver Gazette Denver Public Schools officials are already talking about the next borrowing after Denver voters just approved a nearly $1 billion bond 11 months ago. As previously reported by The Denver Gazette, DPS has grown increasingly dependent on voter-approved borrowing to fund the district’s basic needs. Over the past three decades, voters have approved billions in bond measures and mill levy overrides. During the board of education’s finance and audit committee meeting Monday, a finance official discussed “refunding” $67 million in bonds to “save” Denver taxpayers money. “It allows for the opportunity to create capacity for a future bond election without the district needing to increase the amount of money that we are paying in debt service and...
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Denver’s $950 million bond: Taxpayers deserve full accountability before another blank check
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Westword, Approved, Commentary, Local

Denver’s $950 million bond: Taxpayers deserve full accountability before another blank check

By Erik Clarke | Commentary, Westword "Denver residents want to support good projects that improve our daily life and solve real problems. Taxpayers also want to know that their money is being managed responsibly." In 2017, Denver voters approved the $937 million Elevate Denver Bond Program to improve civic infrastructure across the city. Eight years later, while some projects have made meaningful progress, many remain delayed, over budget or not yet started. Now, the city is preparing to ask voters to approve another nearly billion dollars through the proposed Vibrant Denver package. Before we’re asked to vote this November, we deserve more than summaries and categories. We deserve transparency. We deserve details. As of today, there is no public cost breakdown ...
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Denver Public Schools under fire: Legal twist could force transparency in school debt strategy
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denvergazette.com, Approved, Local

Denver Public Schools under fire: Legal twist could force transparency in school debt strategy

By Nicole C. Brambila | Denver Gazette After arguing in court filings that its lease-financing structure is legal because a nonprofit organization — not the district — incurred the debt without voter approval, Denver Public Schools now contends the same corporation is a “public entity” entitled to governmental immunity from lawsuits. The contradiction is more than semantics. If the Denver School Facilities Leasing Corporation (DSFLC) is deemed a public entity, it would be subject to Colorado’s open records and public meetings laws, an attorney and a watch dog group said. DPS has denied a public information request for documents in the corporation’s possession, suggesting district officials, despite their legal arguments, recognize DSFLC as a private organization. Scott Pribb...
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