Get creative, have somebody else pay your debt
Thursday, May 29th, 2008 by dgrubaughI never cease to be amazed at the dire financial predicament that Illinois is in and the creative ideas that people come up with to get out of it.
This week, of course, the state is on the brink of approving a capital projects budget that would be financed in part by expanding state gambling, privatizing the state lottery and spending extra gas tax revenue.
Thank goodness for gas and gambling, eh?
Really, though, the state’s problems are no different than mine. I’m in financial straits, and everybody I know is, too. It’s all part of this complex, “I’ve already spent my next paycheck” mentality that’s taken hold in recent years. We buy what we want on credit, then hope that the debt will get paid off. Unfortunately, the only person who makes money on that scenario is a guy by the name of Visa.
Perhaps we should use the example now being touted by the Illinois Department of Transportation, which this week sent out a release asking for advertisers on its Official Highway Map for 2009-2010, to offset operational costs. You can have the back cover, front cover and inside border. Heck, if you had enough money you could probably have your name over the map itself.
I admire the advertising approach. Let businesses pay off your debts, instead of adding to them. For instance, I live close to the Watershed Nature Center in Edwardsville. I would be more than willing to let the city pay me $100,000 a year to draw an arrow on the front of my house, pointing the way.
I’m also in the flight path of St. Louis Regional Airport, which is about eight miles to the northwest. A helpful sign on my roof would guide the pilots overhead — and help pay my Ameren bill.
And, if Dr. Pepper realized how much soda was consumed inside my home, the company would happily place a billboard out front.
There must be a million creative ways to pay off those debts. If the state can do it, anybody can.





