Your Children Will Be Paying for This — And They Don't
Get a Vote This Saturday, May 2nd, Texas cities across the state are asking voters to approve bonds, and the number is staggering. A combined $78.48 billion in general obligation bonds will be on ballots statewide.
Let that sink in.
These aren't abstract numbers on a government spreadsheet. These bonds are backed by your property taxes. You are the collateral. If the bonds pass, you, the taxpayer, are on the hook, whether you voted for them or not.
And here's what they won't put on the ballot itself: these bonds take 20 to 30 years to pay off. That means the bill doesn't just land on you. It lands on your kids. Your children, who are too young to vote and have no say in the matter whatsoever, will spend a significant portion of their working lives paying off debt that was racked up before they ever cast their first ballot.
We fought a revolution over taxation without representation. So what do we call it when future generations are handed a multi-billion dollar tab they never agreed to?
Some of us believe taxation is theft to begin with. But even if you don't go that far, it's worth asking: what do we call it when the people paying the bill don't get a vote?
Before you head to the polls Saturday, or decide to stay home, know what you're actually voting on. This isn't free money from the government. The government is you. And so is the debt.
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