A funny thing happened during the city council meeting Tuesday: Councilmember Rigg spoke in proud tones that the Council discovered their power to take on a huge amount of debt.
This isn’t new information. Traditionally, the City has been very responsible with their funds. Frugal, even. Downright stingy, some might say. And residents have been perfectly fine with that approach. To my knowledge, no citizen has ever bemoaned the fact that the City had refrained from spending large amounts of money they didn’t actually have, on things they don’t really need.
But with the new City Hall project, it looks like that’s all about to change.
(Warning: Extended and somewhat-tortured metaphor follows)
The best way I can describe it, is like you gave your teenage son an old wallet you weren’t using, and they discovered a shiny new credit card tucked away in it. You had all-but-forgotten about the card, because you never use it, nor had any plan to. But now Junior has found it, and he’s going to the mall.
There are reasons you didn’t use the card. First, because you wanted it as a safety, to be kept in reserve in case of an emergency. Second, because you want to save it for really important purchases, like that security system for your house you know you’ll need someday, but keep telling yourself you won’t.
But what Junior needs, is a car. A roomier version of what he already has would be fine for his needs, but it just doesn’t have that “Wow!” factor to impress his friends. So he doesn’t want to just trade-in his Kia for a 4 Runner.
No, what Junior wants, is a Tesla.
The Tesla is shiny and new, turns heads when people see it, and it’s good for the environment, too! And their friend from college has offered to chip-in half to buy the car, so long as they can use it, too.
Great deal, right?
Except the Tesla is $350,000, where the $40,000 4 Runner would have gotten the job done just as well, and Junior wouldn’t have to share his (your) sweet ride with his somewhat-domineering older friends.
Oh well. Maybe when Junior comes back from his shopping spree, you can cut his card. Or vote him out of office, when you get the chance.