Municipal Debt...thinking locally?

That's where it begins...in our own little communities, with politicians spending more money than they take in.

And globally, we've all heard of the debt crises in Greece, soon followed by Spain, Portugal and Italy.

Listen to Member European Parliament Godfrey Bloom from the United Kingdom...
(click here-->) 3 minutes of eye-opening candor.

...and listen for another minute even after he sits down.

Back to Coldstream...The District of Coldstream is today approximately 3 million dollars in debt, but councillors don't seem at all bothered.  Just this winter, Councillor Kiss was quoted to say: "We can be $19 million in debt"...according to the provincial Finance Ministry's rules.

"Maybe Godfrey Bloom will retire here," offers Kia.

God help his savings if he does.