Daily Archives: June 15, 2008

“If Democrats refinanced, then it must be bad.”

Jefferson County officials were warned of bond crisis- al.com

Last year, investment firms from both Birmingham and New York told the commission that their sewer bonds were in trouble. The commission didn’t do anything for essentially partisan and ideological reasons:

Carns said the Republican-majority commission – which pledged “No Dome, No Debt, No Democrat” during the election campaign – wasn’t looking to refinance the county’s sewer debt.

“We would not have come in and refinanced debt. Not with what had gone on in the last four years,” Carns said. “They refinanced, refinanced, refinanced. What would people have done to us if we came in and refinanced the debt?”

Yes, that’s an excellent reason to drive the county towards bankruptcy. Smooth move, commissioner.