Column: Astoundingly high debt growing


Commentary by Bill Shaffer

As official non-mayors of Carmel, we are outraged rightly at the federal debt.

At $20.7 trillion and counting, the debt imposes a tremendous burden on future generations.

The federal debt-to-revenue ratio is 6.16. Astoundingly high.

Never to be outdone, Carmel City Hall savants have incurred $864 million and counting. Carmelaks enjoy a debt-to-revenue ration of 6.9 – a healthy 12 percent higher than Uncle Sam’s. What is higher than “astoundingly high”? Astoundingly-er?

Add in overlapping debt from the county, the schools and the library, and our $1.06 billion debt racks up an 8.4 debt-to-revenue ratio – 36 percent greater than the U.S. obligation. Astoundingly-est high.

Wonder what the debt-rating outfits think of that. If they downgrade us again, will we abide by the adage: “There is no education in the second kick of a mule?”

City Hall points out that Fort Wayne has more debt – about $988 million, or 15 percent greater than Carmelistas’. Fort Wayne’s debt divided by its population is $3,897.65.

Ours is $9,076.99. Who is fooling whom?”

Uncle George used to say, “You don’t call a drunk who steals from his kids’ piggy banks to buy booze a ‘financier.’

On a lighter note, Carmelons, we need a contest to fill in a gaping image gap in our fine city’s reputation.

None of the roundabouts have a name.

So, here’s your challenge this week: Come up with a naming scheme for the roundabouts. You know, like Chicago’s color scheme for the elevated/subway train system – Red Line, Green Line, etc.

Colors. Numbers. Greek alphabet. Roman numerals. Birds. Flowers.

Flowers? Sure. Rose Roundabout. Tulip Roundabout.

Think about it and enter your choice to me at

Current Morning Briefing Logo

Stay CURRENT with our daily newsletter (M-F) and breaking news alerts delivered to your inbox for free!

Select list(s) to subscribe to

By submitting this form, you are consenting to receive marketing emails from: Current Publishing, 30 S. Range Line Road, Carmel, IN, 46032, You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact