[Electronic-lan] The Growth Ponzi Scheme

[Richard Heckler]

 I do subscribe to the Eric Kirkendall analysis. It seems too many people who have been managing our tax dollars might in fact have been mis-managing under the umbrella of preparing for the future. In the pocees of preparing for the future perhaps over extending our markets has been the ultimate result.
Pehaps rules, codes and regulations could be reviewed and revised to the point that saying NO MORE is legal. Taxpayers cannot afford tax rebates and such.Taxpayers certainly cannot afford over loaded markets.
Richard Heckler
     On Thursday, May 16, 2019, 6:04:49 PM CDT, Eric Kirkendall via Electronic-lan <electronic-lan at lists.ku.edu> wrote:  
 
 I expect a lot of readers of this list server are familiar with the Growth Ponzi Scheme.  
For those who are not, this is an excellent, fact-based and eye-opening article, and part of the reason I respect the Lawrence citizens, staff, and city commissioners who are trying to manage our growth, and as much as possible, keep it within current city boundaries.

"What we have found is that the underlying financing mechanisms of the suburban era — our post-World War II pattern of development — operates like a classic Ponzi scheme, with ever-increasing rates of growth necessary to sustain long-term liabilities. " 
For those who think is is not the scenario today, I believe it is.  We recently build a huge new recreation center, and are planning other new city buildings, but don't have the money to properly maintain our roads or other infrastructure.
Regards,
Eric Kirkendall


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