• The National Debt Road Trip

    How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video tries to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling. Historical debt data: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm Inflation data: http://www.westegg.com/inflation/ Future debt data (2010 - 2016): http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf For more, follow my Twitter account at PoliticalMath or visit my blog at politicalmath.wordpress.com

    published: 15 May 2009
  • The 2012 National Debt Road Trip

    How do the Obama deficits compare with past presidents? And what is his plan moving forward? This video depicts the National Debt as a road trip and visualizes how fast the most recent US Presidents have increased the debt. This is an update for the National Debt Road Trip video I made in 2009. For more details on how I got this data and answers to commonly asked questions, see my blog post on this at http://www.politicalmathblog.com/?p=1724 or follow me on Twitter: http://twitter.com/politicalmath

    published: 04 Apr 2012
  • On the Road: Teen repays father's debt

    As part of our continuing series "On the Road," Steve Hartman meets 15-year-old Christian Lunsford, who took it upon himself to repay 78-year-old widow Tona Herndon after his father robbed her during her most vulnerable moment.

    published: 28 Sep 2013
  • Debt Road Trip

    American's Debt

    published: 06 Dec 2011
  • Road To Legendary Katana #2! No More DEBT! [Growtopia]

    In this video I pay back TreeTan aka zAkame the 76 dls that I owe! Subscribe Here - http://tinyurl.com/jgg3zyz _ Subscribe for more videos! _ Music: Music: Phantom Sage - Our Lives Past (feat. Emily Stiles) [NCS Release] Paul Flint - Sock It To Them NCS Release _ ~ TRAIL

    published: 11 Jul 2017
  • Man vs. Debt Road Tour Sponsored By Adaptu

    Adaptu has partnered with Baker from Man vs. Debt to help share his insights and passion about living a debt-free life. https://www.adaptu.com/

    published: 14 Feb 2011
  • Student Loan Debt Worries in Pittsburgh, PA - Moms Matter 2012 "Swing State" Road Trip

    Student loans have become a key issue in the 2012 Presidential Election. Both Romney and Obama are fighting for the votes of young people - many of whom are college students and recent graduates. The job market is tough for recent graduates, so they're worried about how they'll pay off their debt - and so are their moms! See where we'll go next on our road trip - subscribe to Moms Matter 2012 YouTube channel NOW! http://www.youtube.com/subscription_center?add_user=momsmatter2012 Mom Matter 2012 is a nonpartisan platform organized by CafeMom.com. Our mission is to unite moms regardless of political affiliation in order to bring the issues they care about most to the forefront of the country's awareness in the 2012 election. It's time for moms of America to unite, activate and have their v...

    published: 20 Jul 2012
  • LEXXTEX 841 - USA DEBT ," INCOMPETENCY & KICKING THE CAN DOWN THE ROAD "

    THIS VIDEO IS PRESENTED AS " FAIR USE " FOR EDUCATIONAL PURPOSE , NON-PROFIT ,RECEIVING NO FINANCIAL CONSIDERATION FOR DISPLAY OF THIS CONTENT FOR PUBLIC VIEWING . IF YOU ARE THE COPYRIGHT OWNER / HOLDER OF THIS CONTENT AND DISAPPROVE OF ITS PUBLIC DISPLAY , PLEASE CONTACT THIS YOUTUBE CHANNEL FOR ITS IMMEDIATE REMOVAL. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use is in favor of fair use WATCH 100'S OF MORE GREAT VIDEOS , CHECK LEXXTEX PLAYLIST FOR BELOW : LINK TO LEXXTEX PLAYLIST : http://www.youtube.com/user/lexxtex?...

    published: 25 Nov 2013
  • On the Road: Debt collector focuses more on the carrot and less on the stick

    As part of our continuing series, "On the Road," Steve Hartman met one man who is changing the face of debt-collection. Bill Bartmann and his company CFS-2 believe that the best way to collect on someone's debt is to help them start earning again. The company provides a gamut of free services including resume help or free housing -- and they're trouncing their competition in the process.

    published: 05 Oct 2013
  • ANOTHER CREDIT CARD UPDATE! Paying Down My Debt. Road To Debt Freedom.

    ANOTHER UPDATE!! Here we are again with a credit card update! I am down to $9000 left that I owe! huge huge HUGE! I have 4 days left before I go home from my business trip. I am so glad to go home and see my girlfriend. I actually am coming home from a trip feeling accomplished. I hope I inspire someone to take the first step on this hard road. Please Like and Subscribe. I would love to hear from you guys so feel free to comment below. Thanks!

    published: 09 Apr 2017
  • New Chinese Rail Line Buries Kenya in Debt | China Uncensored

    China is building a major railway in Kenya. But who is really benefiting? Visit http://trylootcrate.com/chinauncensored, and use promo code BRIDGE10 to save 10% on some awesome merch. Contribute! Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/ChinaUncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: http://instagram.com/ChinaUncensored ______________________________ MORE EPISODES: China’s Global Domination Plan: One Belt, One Road https://www.youtube.com/watch?v=zLKgGyBO5x8 5 Ways China Tries to Buy Your Love https://www.youtube.com/watch?v=2hS4eoE-88A

    published: 07 Jun 2017
  • ROAD TRIP | STRUGGLING WITH DEBT | OCTOBER 3 2015

    ROAD TRIP | STRUGGLING WITH DEBT | OCTOBER 3 2015

    published: 08 Oct 2015
  • Road map from Anil Ambani over debt | अनिल अंबानी द्वारा एक रोड मैप कर्ज को लेकर

    Anil Ambani owner of a telecom company, Reliance Communications is burdened with Rs 44,000 of crore net debt. अनिल अंबानी एक टेलीकॉम कंपनी रिलायंस कम्युनिकेशंस के मालिक हैं जो 44,000 करोड़ रुपये के कर्जे में है। About Zee Business -------------------------- Zee Business is one of the leading and fastest growing Hindi business news channels in India. Live coverage of Indian markets - Sensex & Nifty -------------------------------------------------------------- You can also visit us at: https://goo.gl/sXWpTF Like us on Facebook: https://goo.gl/OMJgrn Follow us on Twitter: https://goo.gl/OjOzpB Subscribe to our other network channels: Zee News: https://goo.gl/XBvkjZ

    published: 02 Jun 2017
  • National Debt/Deficit Road Trip

    Eleven Trillion Dollar Drive By Jason Goldtrap JasonGoldtrap.com 03.23.09 I will be on the Fox Business Network, Thursday, June 18 at 4pm EST. Comments with profanity will not be posted Hi. My name is Jason Goldtrap. I love America. Let's pretend I have the Trans Am from the movie Smokey and the Bandit, that'd be cool. I want to visit every state capital in the lower 48, from Maine to Washington. I have chosen a route whereby I can drive from one capital to another. I am travelling at a constant rate of 60 miles and hour, no bathroom breaks, no naps, no lunch at Cracker Barrel, no souvenir shopping, I am just driving and driving and driving. The roads are clear, the weather is perfect, let's roll. My journey begins in Augusta, Maine. I drive to Montpelier, Vermont the...

    published: 23 Mar 2009
  • TEDxAsheville - Adam Baker - Sell your crap. Pay your debt. Do what you love.

    In 2008, after the birth of his first child, Baker and his wife decided to sell everything they owned, pay off their consumer debt, and spend a year traveling abroad as a family. They began sharing their journey in early 2009 on the blog Man vs. Debt, now 15000 subscribers strong. In sharing their ups and downs in the areas of personal finance, consumerism, clutter, travel, minimalism, and passionate entrepreneurship, they realized they aren't alone in a desire to explore and grow. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are bra...

    published: 16 Dec 2011
  • HCCS Kicking The Debt Down The Road

    Watch a miniaturized version of how our federal government kicks the debt down the road. Here we have a piece of property that may or not be worth what HCCS negotiated for but listen to the trustees discuss the item as if it is not going to cost anything. The Chair fails to understand that they are borrowing 10 million dollars ($10,000,000) and that the remaining balance is not for interest but rather to pay the interest only on the property. I don't think that the trustee grasped that they were paying only interest on the loan that in seven years they would have to pay the principal, but if they did what they did is borrow $10 million to use today and left if for some Board Trustees and maybe another administration figure out how to pay the loan in seven years. In fact I do not believe...

    published: 20 Jul 2011
The National Debt Road Trip

The National Debt Road Trip

  • Order:
  • Duration: 2:47
  • Updated: 15 May 2009
  • views: 1156621
videos
How do the Obama deficits compare with past presidents? And how did the national debt get so big anyway. This video tries to answer those questions by looking at the debt as a road trip and seeing how fast different administrations have been traveling. Historical debt data: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm Inflation data: http://www.westegg.com/inflation/ Future debt data (2010 - 2016): http://www.whitehouse.gov/omb/assets/fy2010_new_era/Summary_Tables2.pdf For more, follow my Twitter account at PoliticalMath or visit my blog at politicalmath.wordpress.com
https://wn.com/The_National_Debt_Road_Trip
The 2012 National Debt Road Trip

The 2012 National Debt Road Trip

  • Order:
  • Duration: 2:49
  • Updated: 04 Apr 2012
  • views: 95530
videos
How do the Obama deficits compare with past presidents? And what is his plan moving forward? This video depicts the National Debt as a road trip and visualizes how fast the most recent US Presidents have increased the debt. This is an update for the National Debt Road Trip video I made in 2009. For more details on how I got this data and answers to commonly asked questions, see my blog post on this at http://www.politicalmathblog.com/?p=1724 or follow me on Twitter: http://twitter.com/politicalmath
https://wn.com/The_2012_National_Debt_Road_Trip
On the Road: Teen repays father's debt

On the Road: Teen repays father's debt

  • Order:
  • Duration: 3:04
  • Updated: 28 Sep 2013
  • views: 1657059
videos
As part of our continuing series "On the Road," Steve Hartman meets 15-year-old Christian Lunsford, who took it upon himself to repay 78-year-old widow Tona Herndon after his father robbed her during her most vulnerable moment.
https://wn.com/On_The_Road_Teen_Repays_Father's_Debt
Debt Road Trip

Debt Road Trip

  • Order:
  • Duration: 2:47
  • Updated: 06 Dec 2011
  • views: 42
videos https://wn.com/Debt_Road_Trip
Road To Legendary Katana #2! No More DEBT! [Growtopia]

Road To Legendary Katana #2! No More DEBT! [Growtopia]

  • Order:
  • Duration: 8:26
  • Updated: 11 Jul 2017
  • views: 22499
videos
In this video I pay back TreeTan aka zAkame the 76 dls that I owe! Subscribe Here - http://tinyurl.com/jgg3zyz _ Subscribe for more videos! _ Music: Music: Phantom Sage - Our Lives Past (feat. Emily Stiles) [NCS Release] Paul Flint - Sock It To Them NCS Release _ ~ TRAIL
https://wn.com/Road_To_Legendary_Katana_2_No_More_Debt_Growtopia
Man vs. Debt Road Tour Sponsored By Adaptu

Man vs. Debt Road Tour Sponsored By Adaptu

  • Order:
  • Duration: 0:58
  • Updated: 14 Feb 2011
  • views: 60
videos
Adaptu has partnered with Baker from Man vs. Debt to help share his insights and passion about living a debt-free life. https://www.adaptu.com/
https://wn.com/Man_Vs._Debt_Road_Tour_Sponsored_By_Adaptu
Student Loan Debt Worries in Pittsburgh, PA - Moms Matter 2012 "Swing State" Road Trip

Student Loan Debt Worries in Pittsburgh, PA - Moms Matter 2012 "Swing State" Road Trip

  • Order:
  • Duration: 3:45
  • Updated: 20 Jul 2012
  • views: 2968
videos
Student loans have become a key issue in the 2012 Presidential Election. Both Romney and Obama are fighting for the votes of young people - many of whom are college students and recent graduates. The job market is tough for recent graduates, so they're worried about how they'll pay off their debt - and so are their moms! See where we'll go next on our road trip - subscribe to Moms Matter 2012 YouTube channel NOW! http://www.youtube.com/subscription_center?add_user=momsmatter2012 Mom Matter 2012 is a nonpartisan platform organized by CafeMom.com. Our mission is to unite moms regardless of political affiliation in order to bring the issues they care about most to the forefront of the country's awareness in the 2012 election. It's time for moms of America to unite, activate and have their voices heard! Visit http://www.cafemom.com/momsmatter/ for more information on Moms Matter 2012
https://wn.com/Student_Loan_Debt_Worries_In_Pittsburgh,_Pa_Moms_Matter_2012_Swing_State_Road_Trip
LEXXTEX 841 -  USA DEBT  ,"  INCOMPETENCY  & KICKING THE CAN DOWN THE ROAD "

LEXXTEX 841 - USA DEBT ," INCOMPETENCY & KICKING THE CAN DOWN THE ROAD "

  • Order:
  • Duration: 14:22
  • Updated: 25 Nov 2013
  • views: 100
videos
THIS VIDEO IS PRESENTED AS " FAIR USE " FOR EDUCATIONAL PURPOSE , NON-PROFIT ,RECEIVING NO FINANCIAL CONSIDERATION FOR DISPLAY OF THIS CONTENT FOR PUBLIC VIEWING . IF YOU ARE THE COPYRIGHT OWNER / HOLDER OF THIS CONTENT AND DISAPPROVE OF ITS PUBLIC DISPLAY , PLEASE CONTACT THIS YOUTUBE CHANNEL FOR ITS IMMEDIATE REMOVAL. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use is in favor of fair use WATCH 100'S OF MORE GREAT VIDEOS , CHECK LEXXTEX PLAYLIST FOR BELOW : LINK TO LEXXTEX PLAYLIST : http://www.youtube.com/user/lexxtex?f...
https://wn.com/Lexxtex_841_USA_Debt_,_Incompetency_Kicking_The_Can_Down_The_Road
On the Road: Debt collector focuses more on the carrot and less on the stick

On the Road: Debt collector focuses more on the carrot and less on the stick

  • Order:
  • Duration: 3:08
  • Updated: 05 Oct 2013
  • views: 30104
videos
As part of our continuing series, "On the Road," Steve Hartman met one man who is changing the face of debt-collection. Bill Bartmann and his company CFS-2 believe that the best way to collect on someone's debt is to help them start earning again. The company provides a gamut of free services including resume help or free housing -- and they're trouncing their competition in the process.
https://wn.com/On_The_Road_Debt_Collector_Focuses_More_On_The_Carrot_And_Less_On_The_Stick
ANOTHER CREDIT CARD UPDATE! Paying Down My Debt. Road To Debt Freedom.

ANOTHER CREDIT CARD UPDATE! Paying Down My Debt. Road To Debt Freedom.

  • Order:
  • Duration: 3:02
  • Updated: 09 Apr 2017
  • views: 131
videos
ANOTHER UPDATE!! Here we are again with a credit card update! I am down to $9000 left that I owe! huge huge HUGE! I have 4 days left before I go home from my business trip. I am so glad to go home and see my girlfriend. I actually am coming home from a trip feeling accomplished. I hope I inspire someone to take the first step on this hard road. Please Like and Subscribe. I would love to hear from you guys so feel free to comment below. Thanks!
https://wn.com/Another_Credit_Card_Update_Paying_Down_My_Debt._Road_To_Debt_Freedom.
New Chinese Rail Line Buries Kenya in Debt | China Uncensored

New Chinese Rail Line Buries Kenya in Debt | China Uncensored

  • Order:
  • Duration: 8:05
  • Updated: 07 Jun 2017
  • views: 148483
videos
China is building a major railway in Kenya. But who is really benefiting? Visit http://trylootcrate.com/chinauncensored, and use promo code BRIDGE10 to save 10% on some awesome merch. Contribute! Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/ChinaUncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: http://instagram.com/ChinaUncensored ______________________________ MORE EPISODES: China’s Global Domination Plan: One Belt, One Road https://www.youtube.com/watch?v=zLKgGyBO5x8 5 Ways China Tries to Buy Your Love https://www.youtube.com/watch?v=2hS4eoE-88A
https://wn.com/New_Chinese_Rail_Line_Buries_Kenya_In_Debt_|_China_Uncensored
ROAD TRIP | STRUGGLING WITH DEBT | OCTOBER 3 2015

ROAD TRIP | STRUGGLING WITH DEBT | OCTOBER 3 2015

  • Order:
  • Duration: 26:10
  • Updated: 08 Oct 2015
  • views: 561
videos
ROAD TRIP | STRUGGLING WITH DEBT | OCTOBER 3 2015
https://wn.com/Road_Trip_|_Struggling_With_Debt_|_October_3_2015
Road map from Anil Ambani over debt | अनिल अंबानी द्वारा एक रोड मैप कर्ज को लेकर

Road map from Anil Ambani over debt | अनिल अंबानी द्वारा एक रोड मैप कर्ज को लेकर

  • Order:
  • Duration: 42:26
  • Updated: 02 Jun 2017
  • views: 2720
videos
Anil Ambani owner of a telecom company, Reliance Communications is burdened with Rs 44,000 of crore net debt. अनिल अंबानी एक टेलीकॉम कंपनी रिलायंस कम्युनिकेशंस के मालिक हैं जो 44,000 करोड़ रुपये के कर्जे में है। About Zee Business -------------------------- Zee Business is one of the leading and fastest growing Hindi business news channels in India. Live coverage of Indian markets - Sensex & Nifty -------------------------------------------------------------- You can also visit us at: https://goo.gl/sXWpTF Like us on Facebook: https://goo.gl/OMJgrn Follow us on Twitter: https://goo.gl/OjOzpB Subscribe to our other network channels: Zee News: https://goo.gl/XBvkjZ
https://wn.com/Road_Map_From_Anil_Ambani_Over_Debt_|_अनिल_अंबानी_द्वारा_एक_रोड_मैप_कर्ज_को_लेकर
National Debt/Deficit Road Trip

National Debt/Deficit Road Trip

  • Order:
  • Duration: 2:50
  • Updated: 23 Mar 2009
  • views: 7629
videos
Eleven Trillion Dollar Drive By Jason Goldtrap JasonGoldtrap.com 03.23.09 I will be on the Fox Business Network, Thursday, June 18 at 4pm EST. Comments with profanity will not be posted Hi. My name is Jason Goldtrap. I love America. Let's pretend I have the Trans Am from the movie Smokey and the Bandit, that'd be cool. I want to visit every state capital in the lower 48, from Maine to Washington. I have chosen a route whereby I can drive from one capital to another. I am travelling at a constant rate of 60 miles and hour, no bathroom breaks, no naps, no lunch at Cracker Barrel, no souvenir shopping, I am just driving and driving and driving. The roads are clear, the weather is perfect, let's roll. My journey begins in Augusta, Maine. I drive to Montpelier, Vermont then to Concord, New Hampshire down to Boston for some clam chowder back southwest to Providence and across Hartford. I then go up to Albany south to Trenton and Harrisburg then down to Dover. I skip across Chesapeake Bay to Annapolis, see the sights in DC before heading down to Richmond, continuing my journey to Raleigh, Columbia, Tallahassee, and a surprisingly traffic free Atlanta. Next I hit Montgomery and Jackson down to Baton Rouge, up to Little Rock east towards Nashville, Frankfort, Charleston, Columbus and Lansing. I win the Indianapolis 500! Then west to Springfield, up to Madison, I say hello to Garrison Kellior in St. Paul, then down to Des Moines and Jefferson City. In Austin I mess with Texas before heading up to Ooooooooklahoma City where the wind comes sweeping down the plains. Up to Topeka, Lincoln, Pierre and Bismarck and Cheyenne. I catch a Broncos game before I press the pedal to the metal to make it to Santa Fe, Phoenix, Sacramento, Carson City, Salt Lake City north to Helena west to Boise, north to Salem and finally, I arrive in Olympia, Washington where there's a parade in my honor with Bigfoot serving as the grand marshal. All total I've driven 13,105 miles in 218 hours, roughly 9 days. But wait, there's more. I feel so good that I put the car in reverse and drive back to Augusta which would make it a 26,210 miles round trip in 436 hours, roughly 18 days. Boy am I tired! And now I'm gonna get crazy! I'm going to place one dollar bills on the road, line them end to end during my entire journey. Zoom. Ok, its 18 days later and I'm back. I have just placed on the road 276,777,600 dollars! Wow! That's a lot of money! Or, is it? I forgot to tell you that my Trans Am is also a time machine, using a misapplied principle of Einstein. The more I drive time itself begins going backwards! The hours pass by swiftly, then the days and months become a blur. The Earth starts spinning around the sun and I am now driving my car in a different millennia! According to the US National Debt Clock we owe approximately $11,100,000,000,000. On my drives, what would it take to equal that staggering amount? Well, going on round trips from Augusta to Olympia, dropping one dollar bills from my Trans Am and going back in time I will have made a total of 40,104 round trips which comes to about 721,872 days or 1,978 years which would make it about 31 AD when I could have heard in person Christ say "For where your treasure is, there your heart will be also." So, how do we fix this mess? Beats me. I'm unemployed right now so I'm not the one to give financial advice. Is there a way to pay off these bills? I hate to say this but probably not. This message is intended for future generations. This is my way of saying "Sorry we gave you such an insurmountable debt and, take my advice, don't spend what you don't have." -The End- Jason Goldtrap is not a politician, lawyer, activist or anything else. I'm just a regular guy. I am an author from Central Florida. My novels can be viewed online at www.JasonGoldtrap.com. My novel "Teen Girl From Mars" is a optimistic, romantic, funny story about a sixteen-year-old girl living on Mars in the year 2191. My story is clean, values oriented, funny, adventurous and heartwarming. JasonGoldtrap.com for more info.
https://wn.com/National_Debt_Deficit_Road_Trip
TEDxAsheville - Adam Baker - Sell your crap. Pay your debt. Do what you love.

TEDxAsheville - Adam Baker - Sell your crap. Pay your debt. Do what you love.

  • Order:
  • Duration: 19:20
  • Updated: 16 Dec 2011
  • views: 1671657
videos
In 2008, after the birth of his first child, Baker and his wife decided to sell everything they owned, pay off their consumer debt, and spend a year traveling abroad as a family. They began sharing their journey in early 2009 on the blog Man vs. Debt, now 15000 subscribers strong. In sharing their ups and downs in the areas of personal finance, consumerism, clutter, travel, minimalism, and passionate entrepreneurship, they realized they aren't alone in a desire to explore and grow. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
https://wn.com/Tedxasheville_Adam_Baker_Sell_Your_Crap._Pay_Your_Debt._Do_What_You_Love.
HCCS Kicking The Debt Down The Road

HCCS Kicking The Debt Down The Road

  • Order:
  • Duration: 7:35
  • Updated: 20 Jul 2011
  • views: 116
videos
Watch a miniaturized version of how our federal government kicks the debt down the road. Here we have a piece of property that may or not be worth what HCCS negotiated for but listen to the trustees discuss the item as if it is not going to cost anything. The Chair fails to understand that they are borrowing 10 million dollars ($10,000,000) and that the remaining balance is not for interest but rather to pay the interest only on the property. I don't think that the trustee grasped that they were paying only interest on the loan that in seven years they would have to pay the principal, but if they did what they did is borrow $10 million to use today and left if for some Board Trustees and maybe another administration figure out how to pay the loan in seven years. In fact I do not believe that the Vice Chancellor answered the Chair's question as to the Student fees and tuition. If I read the agenda right what the Trustees did was guarantee the loan with the fees and tuition of the students. Certainly they could sell the property if it is worth what they paid for it, that is a big if.
https://wn.com/Hccs_Kicking_The_Debt_Down_The_Road
×