….a bond? It seems every election has at least one bond to vote on. Bonds for schools, water districts, infrastructure etc. etc. They all sound great and are presented as absolutely necessary for our survival. But are they?

If something were really necessary for our survival, we would just get going and do it! A bond is debt – borrowing on our future and our children’s future. So, when you vote for a bond, besides enriching the bankers and other direct beneficiaries of the bond i.e. contractors and material suppliers, you are indebting yourself and likely your children (maybe even grand children) as most bonds take many years to mature (get paid off – if ever).

Something you may not have thought of is that you are also indebting your neighbors, friends and business associates within the jurisdiction (community, city, county, state, region or nation) of the bonding agency. Did it ever occur to you, that those people might either not be able to afford (pay for) it, or may not see the necessity the same way you do?

Government spending is the main cause of inflation which devalues the currency making everything more expensive and unaffordable. Think twice before you ever vote for a bond again – no matter how enticing or necessary it sounds!

Pensiamento Peligroso