June 10, 2021 at 1:12 p.m.

$25 Million reality check

To the Editor,

By Dan Bednark, Backus- | Comments: 0 | Leave a comment

As one ponders the upcoming school bond election one has many observations that should be contemplated by voters of the Longville, Remer area.

First who has the experience to deal with those Wall Street bankers? One would be wise to check out a couple of articles on the net: Swimming with the Sharks: Goldman Sachs, School Districts, and Capital Appreciation Bonds | WEB OF DEBT BLOG and also School bonds are a Wall Street scam - SFGate this has the potential to turn into a catastrophe if one does not have the experience to deal with these boys, these bankers have no trouble taking the skin of your bones.

As one does a little research the most recent per capita income for Longville is $18,413 per year in 2012 compared to $26,524 in 2000; 79.5% of the households have a household income of less than $40,000 per year. Remer a per capita income in 2012 was $14,072 compared to a per capita income in 2000 of $19,853 per year. 54% of households in Remer have a household income of less than $15,000 per year and 70.9 % of household incomes are less than $40,000 per year. Average household income Minnesota $60,907 per year.

In a recent article in the Pine Cone Citizen it was pointed out by Principal Akre and teacher Tim Hasse that students in the 7th. and 8th grades are losing interest in school; and that many of them come from poverty and minimal support at home. Cass County being rated the unhealthiest county in Mn. may contribute to this trend. One wonders if throwing $25 million at the problem will turn this education system around.

Some more facts to ponder college graduates are $1.3 trillion in student loan debt, default rates increasing, average Minnesota student debt when leaving college $29,793. 40% of people 25 and younger are still living at home with their parents, 30% of people 30 or younger still living at home. 27% of college grads putting off getting married or buying a home, cannot find employment that pays enough to move forward. Where's the recovery? Who will pay for this bond?

More than half of American people with less than $10,000 in savings and senior poverty on the rise. Sept. 2014 46.5 million people on food stamps.

Perhaps, it would be wise to think hard before casting one's vote in May the ramifications may be felt far and wide. One can only wonder where the majority can come up with the extra money to support this mega expense. In towns of declining populations and declining incomes. Choose wisely the future depends on you.[[In-content Ad]]

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