General Obligation Bonds

As a non-partisan hub to educate voters on excessive government debt, we raise awareness by

  • partnering with local voter groups,
  • linking here to post and inform your community about the facts behind the numbers, and
  • acquiring custom Runaway Debt gear to get the conversation started in your community.

Absolutely no public funds may be expended for the purpose of advocating for or against a bond referendum. Towns may only provide information to citizens to assist them in making an informed decision. However the Local Government Commissions usually require all municipalities seeking the use of bonds to hire bond counsel.

You will hear from the consultants.

Yes, when the general obligation bond (GO Bond) makes it all the way to a vote & passes, your taxes WILL increase.

Get Informed. Well before the GO Bond makes it to the vote, make an informed decision on the initiatives and the propositions before they get too far along the process and end up on the ballot.  Economic downturns will have a profound impact on revenue streams backing the bonds and will continue to add to our overall debt going forward. Keep in mind the GO Bonds aren’t necessarily used to fund critical services at state or municipality levels. Those services should already accounted for in the tax plan.

Read Runaway Debt articles and stay current on U.S. municipalities across the country that are on the verge of bankruptcy. Be informed about the underfunded state pensions, and how future profits will not be realized.  Economic downturns will have a profound impact on revenue streams backing the bonds and will continue to add to our overall debt going forward.

Acquire RunawayDebt gear and  partner with us to educate voters on your upcoming bond initiatives and those up for vote in your area. The citizens who oppose the GO Bonds are often underfunded compared to the people groups represented by the consultants. We have the secure online portal here to purchase one or a hundred items to get the conversation started in your community. Our catch phrase RUNAWAY DEBT is universal for this purpose: to unite citizens under the common desire to stop the debt from ruining our future earning potential.  For people who would like to customize our t-shirts and gear: add a specific proposal number or color option - we will do that at no extra cost. Contact us and we will work with you.

 

Return to RunawayDebt.com and keep up to date with news that influences our future earnings.