Archive for June, 2011

June 22, 2011

Greed or shared growth.

While watching the financial channel many of the experts predict growth in the second half of the year.The degree of growth not specified. The question is growth for whom.

Sixteen million Americans are either unemployed or underemployed Corporations are holding trillions of dollars on their balance sheets. Corporate profits, Healthcare profits and Banking profits are at all time highs. Bonuses are greater than ever before for top executives and those making these profits. I remember a television advertisement with an old grey haired  man saying “at Morbid Stoney we make money the old fashioned way we earn it.” Those days are long gone. Today they make money utilizing computer generated trading models to take advantage of imbalances in the interest rate markets or  the stock market. The speed of executing billions of dollars of these transactions would boggle your mind. The biggest insult to hard working Americans is that Banks and Corporations are borrowing money from our Government at 0% or as high as .25% and investing in quick money transactions while home owners struggling to refinance can’t borrow at less than 4% on  average if they qualify.

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June 15, 2011

Budget Battles and Turf Wars

You would think that after 4 years of declining revenue and  the depletion of county reserve funds the county commission would finally realize that the Bush great recession is not going away to soon. As a matter of  fact we will be crawling out of this recession for the remainder of this  decade. Their priorities are so misdirected Administrator Hamilton reminds me  of a teacher trying to control and unruly 1st grade class where the  students are running wild with no direction or purpose. One example of their  misdirection is the Dredge Project which is going on over 10 years. This year is  a bad budget year yet, they decide to spend over 7 million of county tax  dollars on the dredge project when asking employees to sacrifice their jobs and  compensation. If they would have given back the 3 million they received from  the state for the dredge project we would have saved 4 million dollars in tax  dollars. This number I believe is next years budget shortfall. Did I just solve  their budget problem NOT.  All county  departments including the constitutional offices must cut to the minimum  necessary yet provide the basic services needed to service the community.

“When  the going gets tough the tough get going”. Unlike this commission.

I think this commission needs to go.

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