The Importance of Financial Education
Please view the video below. This may help to explain why people will vote for anything without questioning the financial figures. They prefer chocolate!
Like what happens if the price of oil drops on the payback period and cost projections for the wood chip boiler...when the cost projections were based on oil at $3.67 a gallon? Or what happens to the cost projections and savings of a wind turbine, when the company you purchased it from goes bankrupt and the gearbox fails? Or like what happens if your town does not have a bond rating, but the voters approve $50 million dollars in capital debt?
I can tell you what happens. The rate payers get it stuffed to them, as you know you pay the bill, when it comes to the Light Company. As far as the school !! The voters who voted for it and the voters who did not vote, You gave them a open check book !!! Who in their right mind gives anyone a open check book ?? Well someone did, someone like you, and they will spend, spend, spend. I think people chose the chocolate because it was familiar, and they were afraid of what they did not know. People think the Light or School will not screw them. Think again.
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