It's hard to believe, but a city in Canada is not only debt free, it has money in the bank....a lot of it.  In our modern day society, it is a common belief that in order to succeed, you need to borrow money.  Unfortunately, we've kept on borrow so much money that it has tied our hands and limited our productivity.  Instead of using money to our advantage, we end up wasting time, energy, and money to pay off borrowed money.  Here's a video of a town that has had the mantra of paying for city structure with cold hard cash.