Greek Discrimination....

[TSteven]

Originally Posted by ladygreek

In 1988, we spent so much money in San Francisco that they were able to retire their city debt.

Thank you. Any plans to come back?

Originally Posted by KyleMcGuire1983

For the record 20 years later San Francisco is hundreds of millions of dollars in debt! How do you do that in such short time?

Originally Posted by PhiGam

Liberal local governments have problems keeping their spending in check.

Originally Posted by MysticCat

So do conservative federal governments, so the bulk of the last 7 years would seem to indicate.

For the record, the City and County of San Francisco's debt is due mainly to general obligation bond issuances related to infrastructure. Most of which has been mandated by federal and state law starting after the 1989 Loma Prieta and the 1994 Northridge earthquakes. To be clear, San Francisco's general bonded debt includes bonds for construction and/or rehabilitation of affordable housing, libraries, museums, parks and playgrounds, schools, fire and police stations and other facilities. And for what it is worth, Standard and Poor's considers San Francisco's debt burden as manageable and the economy stable. Many so called "conservative" local governments would love those ratings.