Most democrat controlled cities in same sinking boat!------Already a quarter billion in the hole, woke Denver wants to keep digging | the Aspen beat

Already a quarter billion in the hole, woke Denver wants to keep digging | the Aspen beat

Denver is in financial trouble. 

They ran a $50 million deficit this year, which is projected to balloon to $200 million next year. 

• Real-world entities would address this problem with a combination of (1) increasing their revenues and (2) decreasing their expenses.

But Denver is not a real-world entity. 

It’s a government entity. 

• It plans to do what governments do in government-world: It plans to borrow money.

A lot of it. 

• They’re putting on the ballot a bond proposal amounting to almost a billion dollars. 
• By the time the bonds are paid off with interest years down the road, it would amount to nearly two billion...