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I have established this blog as a means of transparency to the public, outreach to the community, and information dissemination to all who choose to look. Feedback is welcome, but because public participation is equally encouraged, appropriate language and decorum is mandatory.
Showing posts with label Fiscal Policy. Show all posts
Showing posts with label Fiscal Policy. Show all posts

Thursday, July 12, 2018

How Could We?

Some people bang away at the keyboard on online sites and facebook pages like woody woodpecker talking about how they will be fiscally conservative.  I prefer the direct approach--actually proposing and supporting cuts :)

As I see this morning's article in the PNJ about Tuesday and Wednesday's budget meetings, I could not help but ask myself this rhetorical question:

How could we?  How could we glide through this year where there is enough in the kitty to get us by with very little pain knowing full well next year we start out a minimum of $5 Million short?

How could we not set aside some money from this year in anticipation of next year's fiscal cliff from which we will fall?

How could we not make deeper cuts to outside agencies? (the ones that are not mandated to be funded by the state, and the ones that have significant budgets already and who would survive without our funding).

How could we tell our employees that we will continue to fund all agencies at requested levels with only modest, meager trimmings here and there, while also telling these same employees we won't necessarily be able to provide raises next year and more than likely they will absorb increases in benefits costs next year?

How could we tell property owners the BCC may raise tax rates (I'll NEVER SUPPORT THIS) but we are still funding outside agencies?

Some people talk a lot about being fiscally conservative....online like woody the woodpecker on a keyboard, at some public gatherings, etc.  talk talk talk.  Talk is cheap, actions speak louder than words, though.

It is for this reason that I took action and proposed cuts at the meetings this week.  There was very little appetite for this from my peers--and this is disappointing.

The good news is I'm not done proposing cuts, and when the time comes for the final vote on these budgets, I will propose more cuts.  We will see what happens at that time.  If we only tweak at the margins on the budget this year, shame on us because we can't act as if we don't see what's coming next year, we know better.  Arliss Howard's character Cowboy said it best when he state emphatically: "we can't refuse to accept the situation!"

He is right, we can't "refuse to accept the situation" for comfort's sake......How could we?

Answer:  I won't, but I'm just one vote on the board....and unless I die in the meantime, I'll be here next year whereas perhaps three that are involved in this year's budget might not be.  So no, I'm not going to take the easy route and eat the cake and cookies and throw the broccoli and eggplant in the trash till next year.  Nope.

Thursday, January 15, 2015

Explaining Our Nation's Fiscal Disaster in 200 Words Using a Dr. Seuss Cartoon...



$19 Trillion is a lot of money, but explaining our nation's debt and problems to students can be simplified using a character from "The Sneeches," some sarcasm, a little hyperbole, some creativity,  and 200 words.  Here Goes....


Don’t Trust the Bank of Sylvester McBean
Sylvester McBean is CEO of a bank. 

He’s paid $100,000 yearly. 

This isn’t enough, so he spends $150,000 yearly.  

He’s racked up $700,000.00 on the bank’s charge-card. 
Recently, McBean bought new homes, new cars, and a pool.  “We must keep up appearances”, McBean tells Shareholders & Trustees….

The trustees, a mix of liberals and conservatives, allow McBean’s extravagant deficit spending to continue, thereby endorsing it.

The trustees don’t control McBean’s overspending because they’re well compensated—and the bank’s shareholders haven’t complained-they don’t pay attention to financial statements and other such nuisances...

So trustees know they can print more stock, diluting existing shares whenever they want more cash!  “Let them eat cake” is their condescending attitude toward shareholders!

Now trustees congratulate themselves because McBean cut his deficit spending in half; he now only spends $125k yearly! (His salary is still $100K.)

Discussing McBean’s spending is unpopular.  How will McBean’s huge debt be repaid? Not addressed- trustees simply ignore the problem…

McBean’s contract expires in two years. 

Nevertheless, trustees naively believe future trustees, shareholders, and/or other CEOs will “fix the finances.”

These finances can’t be “fixed”, though.


(BTW-we’re the shareholders in this “bank”-congratulations!)