Build school after school, pass one multi-million dollar bond after another and spend the county into oblivion, because tax collections will never take a downturn, right?
http://cacs.org/research/how-stockton-went-bust-a-california-citys-decade-of-policies-and-the-financial-crisis-that-followed/
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"Rest assured, things will get worse. The current Loudoun County fiscal plan envisions growing this debt to 1.4 billion by fiscal 2016, with an increase in the service costs to $200 million per year. Loudoun taxpayers will pay more than $1 billion in interest through 2015.
Much like the federal government, Loudoun County government is in debt beyond its means to repay. Loudoun is living beyond its means. The fiscal dishonesty exhibited by the Loudoun County Public Schools management in advocating the bond issue should be a concern to every taxpayer. "
http://www.loudountimes.com/index.php/letters/article/vote_no_on_school_bond/