Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘fiscal’

Alabama Governor Bentley demonstrates fiscal incompetence

Posted by Warm Southern Breeze on Monday, April 1, 2013

Part of the Great Hypocrisy of Alabama‘s über GOP-dominated state government is that on September 18, 2012, voters approved the Governor’s request to take money from the Alabama Trust Fund using the specific language in the Special Election to Amend the state’s Constitution “to provide adequate funding for the State General Fund budget”… “by transferring funds from the Alabama Trust Fund to the State General Fund beginning with the state’s 2012-2013 fiscal year and concluding with the state’s 2014-2015 fiscal year.”

It’s equally important to understand and know, that the time of the election, however, there was no repayment plan, and only recently has the legislature acted, and has the governor signed, to repay any monies taken.

And now, the Governor wants to TAKE $6 Million earmarked for the State Parks and put it into the General Fund.

It’s prima facie evidence of utter incompetency, pure & simple.

More to the point, however, specifically regarding any contract with private entities to operate any private enterprise on public property, it seems to me that such an operation is also prima facie evidence of incompetency because to do so says in essence that ‘we’re not capable, nor do we have the ability to operate any operation profitably.’ And that, my friends, is a most damning indictment.

It’s bad not only for that reason, but because since private enterprise holds the key to the operations, they can call the shots, and raise the prices (cost of operations) at will, by merely citing an increase in cost of operations (without justification or evidence). And then, the state is left holding the contractual bag, while the private entity claims squatter’s rights on public property.

Gov. Robert Bentley says Gulf convention center a key to help parks survive funding cuts

By Mike Cason | mcason@al.com
March 27, 2013 at 10:39 PM, updated March 28, 2013 at 7:02 AM

MONTGOMERY, Alabama — Gov. Robert Bentley said Wednesday he hopes to help minimize the effect of funding cutbacks on the state parks system.

Bentley’s budget plan for fiscal 2014 called for taking $6 million earmarked for state parks and placing that money in the General Fund.

This week, State Parks Director Gregory Lein wrote a letter to elected officials and others saying some parks could close and Read the rest of this entry »

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Why Mitt Romney’s Big Bird & PBS “budget saving” is asinine.

Posted by Warm Southern Breeze on Saturday, October 6, 2012

Imagine if the Federal Budget was $1.00.

Then, take a penny, and Read the rest of this entry »

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Taxpayers’ $182B TARP bailout of AIG Now Fully Recovered

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »

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Govenor Bentley begs, borrows or steals. -OR- What’s it like living in Alabama? Ever been continuously anally gang-raped?

Posted by Warm Southern Breeze on Wednesday, August 29, 2012

Not only does Governor Bentley send another man out to do his work, but he steadfastly refuses to do the right thing.

And the Huntsville Times REFUSES to cover Dr. Don Williamson’s stumping-for-the-governor’s “Let me borrow-nearly-a-half-BILLION-dollars-without-a-repayment-plan” appearance at City Hall.

Remember: Whatever you do,

• DO NOT increase tax rates on the wealthiest Alabamians, who already pay a lower rate than the impoverished – who also pay the 3d highest tax rate in the USA (why, even former Republican Governor Bob Riley called for tax change saying, “It is immoral to charge somebody making $5,000 an income tax.”);

• DO NOT increase property tax rates on corporate timber landowners who pay a lower rate than homeowners – who already pay 66% less than the national average;

• DO NOT increase severance tax rates on big oil & gas companies who are extracting those natural resources from under Alabama soil; and for goodness sake, whatever you do,

• DO NOT stop earmarking 9 out of every $10 of state tax revenue. God – and Governing Magazine – knows that our 50th place rank among our nation’s 50 states for fiscal management is as best as the whole state of retards can do.

Face it, folks. Alabama continues to be anally gang-raped by dogdamn retards, who call themselves “politicians.”

And, sadly enough, we apparently like it.

Medicaid crisis if Sept. 18 vote fails, state’s chief medical officer says

Written by Bob Johnson, Associated Press
3:11 AM, Aug. 27, 2012

Dr. Don Williamson AL State Health Officer

Dr. Don Williamson, State Health Officer with the Alabama Department of Public Health, announces an emergency ruling that two dangerous chemicals marketed as ‘bath salts’ are being added to the Alabama Controlled Substances List during a press conference in Montgomery, Ala., on Tuesday, Feb. 22, 2011. (Montgomery Advertiser, Lloyd Gallman) / Advertiser file

Alabama’s chief public health official said Medicaid will be in deep trouble if voters do not approve a Sept. 18 referendum to take more than $437 million from a state trust fund and use it to prevent huge cuts in spending on state programs for three years.

The constitutional amendment, if approved by voters, would take $145.8 million a year for three years out of the Alabama Trust Fund to help balance the budget during a time when tax collections are expected to see little growth.

Some critics say the Alabama Trust Fund was initially set up more than 30 years ago to prevent state officials from raiding oil and gas revenue every time the state has a funding crisis.

State Health Officer Don Williamson, who is temporarily overseeing funding for Alabama’s health care program for the poor, said without receiving money from the trust fund the Medicaid program would be $100 million in the red.

He said this could jeopardize programs that provide medicine for poor patients, reduce payments for doctors who treat Medicaid patients, send more poor patients to emergency rooms and eliminate optional Medicaid programs such as providing life-saving dialysis treatment.

“These are life-threatening choices,” Williamson said.

Williamson told The Associated Press that Read the rest of this entry »

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Credit Default Swaps: Why should they be outlawed?

Posted by Warm Southern Breeze on Saturday, March 6, 2010

Credit-default swaps – where you insure your neighbor’s house just to destroy it and make money from it – that’s exactly what we have to curb.”

How dangerous is it for money traders to take bets on, and therefore exploit, a nation’s budget deficit or any other fiscal crisis?

Regarding the quote, if you guessed that Harry Reid, President Obama, Janet Reno, George W. Bush, …Continue…

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You Wall Street Mother Fucking Sons of Bitches!

Posted by Warm Southern Breeze on Thursday, December 17, 2009

Brian Williams has reported Thursday, December 17, 2009 on the NBC Nightly News that,

New York state finance officials said today Wall Street is on track to shatter all profitability records this year.

Profits came in at just under FIFTY BILLION dollars

– that’s profit for the first three quarters of 2009 –

and that is much more than was expected for the entire year,

and a stunning TWO-AND-A-HALF times more than the previous record set back in the year 2000.

Bonus payments for bankers and traders could be as much as FORTY percent HIGHER than last year.”

Download the New York State Comptroller‘s report – Review of the Financial Plan of the City of New York, December 2009,  Report 16-2010, by Thomas P. DiNapoli, New York State Comptroller –  here:

http://www.osc.state.ny.us/osdc/rpt16-2010.pdf

See NBC Nightly News video here:

http://www.videonewslive.com/view/404951/video_wall_street_sees_recordbreaking_profits

-AND-

here:

http://www.bing.com/videos/watch/video/wall-street-sees-record-breaking-profits/60a1dyr


Posted in - Did they REALLY say that?, - Read 'em and weep: The Daily News | Tagged: , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments »

Two Numbers – ONE BIG, one small

Posted by Warm Southern Breeze on Thursday, December 17, 2009

$9,100,000,000,000

Nine TRILLION, one hundred BILLION…

Remember another number.

Two.

During the reign of King George W. Bush, just TWO of his failed policies have cost Americans $9,100,000,000,000.

What two failed policies are those?

The Bu$h tax cuts, and the creation of a Rx (prescription drug “benefit” written wholly by Big Pharmaceutical industry cronies.

The U.S. Census Bureau’s most current estimation of the population of the United States places 308,171,505 people in the United States as of December 17, 2009.

Put another way, that’s a cost of $29, 529 per person.

As a result of deregulation of the financial industries – banks, insurance and stock brokerages – thus creating one giant incestuous financial orgy, Americans have directly suffered under the thumbs of bankers and insurance companies, while their Wall Street cohorts, in conjunction with imaginative thieves, have twiddled and fiddled to create “investment derivatives” – essentially a Ponzi schemed fiscal fraud – out of thin air. That house of cards having collapsed, has revealed what was suspected all along. Outside the transparent dressing room of his glass house, the king had no clothes.

Driven by greed and an insatiable lust for more, …Continue…

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