{"id":3520,"date":"2010-04-26T01:22:11","date_gmt":"2010-04-26T06:22:11","guid":{"rendered":"http:\/\/kevinbryant.com\/?p=3520"},"modified":"2010-04-26T01:22:11","modified_gmt":"2010-04-26T06:22:11","slug":"county-council-candidate-wesley-white-on-debt","status":"publish","type":"post","link":"https:\/\/www.kevinbryant.com\/kbarchive\/county-council-candidate-wesley-white-on-debt\/","title":{"rendered":"County Council Candidate, Wesley White, on debt"},"content":{"rendered":"<p align=\"center\"><span style=\"font-family: 'Times New Roman'; font-size: small;\"><strong><span style=\"text-decoration: underline;\">White Calls Attention to Unchecked Debt by Government<\/span><\/strong><\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">Wesley White, candidate for County Council District 1, issued a statement about the ever-growing problem of government debt and the dwindling pool of resources to meet that obligation. \u201cEveryday taxpayers\u2019 are burdened with mounting debt and with less and less to show for it,\u201d White stated.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">\u201cFederal all the way down to local debt is putting a serious strain on public tax dollars. Unlike the Federal government\u2019s ability to raise the debt limit, County government must keep within a set statutory limit.\u00a0 It sounds like good accounting until you look at the process,\u201d White said.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">From 2002 through 2008, according to the SC Treasurer\u2019s local Debt Report, the Anderson County debt limit was well within the 8% limit set by state law.\u00a0 However, in the fiscal year 2008-2009, County debt exploded to a staggering $90,575,072, a jump of 47% when combining general obligation and borrowing on revenue.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">White stated, \u201cThat\u2019s nearly $500 per man, woman, and child in Anderson County. And it almost exceeds the state mandated limit of 8% of assessed value of Anderson County.\u00a0 That leaves precious little wiggle room for disasters or unforeseen events.\u201d\u00a0 White added, \u201cDebt, when properly used to provide economic growth or public safety, can be a benefit, but borrowing millions for the sake of borrowing is foolish.\u201d<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">White said he would tighten up the manner and the means for the County to borrow money.\u00a0 White stated that priorities would have to guide future debt and methods of arriving at our limit should take into account economic downturns and property devaluation.\u00a0 \u201cBeing able to borrow money on tax exempt property such as hospitals, schools, and utilities only puts the burden on homes and businesses,\u201d White stated.<\/span><\/p>\n<p><span style=\"font-family: 'Times New Roman'; font-size: small;\">Wesley White is a civil engineer and a candidate for County Council District 1.\u00a0 He can be reached at (864) 634-4399.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>White Calls Attention to Unchecked Debt by Government Wesley White, candidate for County Council District 1, issued a statement about the ever-growing problem of government debt and the dwindling pool of resources to meet that obligation. \u201cEveryday taxpayers\u2019 are burdened with mounting debt and with less and less to show for it,\u201d White stated. \u201cFederal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":{"0":"post-3520","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-uncategorized","7":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gEQ0-UM","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/3520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/comments?post=3520"}],"version-history":[{"count":0,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/posts\/3520\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/media?parent=3520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/categories?post=3520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kevinbryant.com\/kbarchive\/wp-json\/wp\/v2\/tags?post=3520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}