Adding debt is good for Rockwall ISD property owners and students?

29 October 2015

Debt Burden Will Be Borne By Our Grandchildren
Debt Burden Will Be Borne By Our Grandchildren

Adding debt is good for Rockwall ISD property owners? If true, Obama is the greatest president in history.

As of 4:00 AM this Thursday morning, according to the National Debt Clock, the debt burden per citizen is over $57,000 and the debt burden per taxpayer is greater than $154,000. Our national FUNDED debt exceeds $18 trillion.

National debt compares to Rockwall ISD in its growth since Obama took office in 2008 in that the two debt burdens are astronomical and growing.

District debt BEFORE adding the 2015 proposition: $337,278,257.00
Debt per student BEFORE adding the 2015 proposition: $23,224.00

District debt AFTER adding the 2015 proposition: $594,098,257.00
Debt per student AFTER adding the 2015 proposition: $40,907.41

Source: http://www.texastransparency.org/
Source: http://www.texastransparency.org/

A little more, just a little bit more, and our local school debt burden per student will rival national debt per citizen.

I urge you to vote Against (En Contra) the Rockwall ISD bond proposition.

Vote Against (En Contra) RISD Bond Proposition
Vote Against (En Contra) RISD Bond Proposition

John White​
29-year resident of Rockwall
Local business owner
Father of four RHS alumni
Grandfather
Senior citizen whose taxes are frozen

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