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Crickee, the folks who pass on this $1 billion in debt theory are not only bundling all the cities debts together, aren't they also assuming that the money is due immediately all at once? I have heard it explained as such...what these "$1 billion debt" people are doing for example is essentially looking at a 30 year mortgage, and 5 years into the mortgage they are assuming that the rest of the $ is all due at once. This is obviously not the case but it doesn't stop them from spinning that yarn anyways. I used to think the 2014 fairy tale candidate Stacia Petri was the biggest embarrassment to enter local politics. Rick Corrente has lapped her 100x around the track already.