Showing posts with label deficits. Show all posts
Showing posts with label deficits. Show all posts

Wednesday, October 1, 2008

Joe pays the price

McCain has voted WITH Bush over 90% of the time over the past 8 years. We have the largest deficits in HISTORY. Republican deregulation has allowed greedy and crooked Wall Steet bankers and mortgage brokers to rob and plunder the financial system at will, with NO regulation or oversight, until it is on the verge of collapse. Do we REALLY want or need another term of Bush's policies? Can we really afford it? Same problem here in MS, where special interests feed at the public trough while Joe Sixpack loses his job and his house, resorting to multiple garage sales to keep the lights on and feed himself and his family. Joe is asked to foot the bill for repeated incredibly stupid blunders by officials at a local and national level. Billy is a staunch Republican and putting forth the Republican policy- HUGE deficits for special interests are somehow good things, for everybody but Joe Sixpack. He gets hosed- again. Still.

Monday, September 29, 2008

more memo

City Manager memo dated Feb 19,2008, "The most recent estimate we have received regarding the amount of tax dollars that would be reduced in the upcoming (2008) budget is roughly 600k. Add to that the 400k that we should normally go up for inflation and we are now another $1,000,000 behind. Now add to that the 800k from the current year and we now find ourselves $1.8 million behind where we might have been. Add to this that our Cost of Living Index in S Fla is 5.8 % and you can see where something has to give". So in Feb we have a projected deficit of 1.8+ million at least (and could be as much as 3.2 million), that has somehow, miraculously disappeared. It has disappeared by increasing the fees and taxes of the residents, not by cutting City expenses, as NO cuts have been made at the City. NONE. It is apparently the responsibility of the City to consistently disappear our tax money in LARGE amounts and the residents responsibility to continuously refill the coffers when they run dry. If City officials cant waste our money fast enough in each and every construction project, and somehow theres some money left, they will just allow anybody and everybody to use our facilities for free, at the residents considerable (300k+ loss for the pool alone)expense. This is a recipe for disaster, of course. No enterprise can continue to operate with LARGE, unreasonable, and inexplicable deficits indefinitely.