This video says it all…why mess with perfection.
YiT ~ Shelly
Speaking out about the environment, global warming, big government, global group think and how it is enslaving the world. Working together we can bring back "sustainable, predictable governance to the USA."
This video says it all…why mess with perfection.
YiT ~ Shelly
When the argument is made that there is an unholy alliance between our local, publicly elected representatives and Non-Government Organizations (NGO’s), like Sustainable Connections, Futurewise, the Opportunity Council, ReSources for Sustainable Communities (see an underlining theme here?), we were not kidding.
It has recently come to my attention that there was a large hand-out given to “Sustainable Connections and The Opportunity Council” of federal stimulus funds from the Department of Energy (DOE). These funds were tagged for the Community Enercy Challenge (CEC), granted to our Whatcom County government, to be administered through Banner Bank, a local bank. These funds were expected to fly out the doors as small businesses and private individuals scooped up the $467,000.00 of grant money available for Whatcom County. After approximately 2+ years, they had only given out 20% of these funds. So, what did the Whatcom County Council, with the blessings of the Whatcom County Executive do? They gave the remaining 80% of these funds over to Sustainable Connections and the Opportunity Council to give-away.
As I listen to the local radio stations, I hear numerous radio ads telling people how they can get “free” money to use for “green” energy projects and get “free” energy credits for years to come. News flash; “Nothing is free!” This money cost somebody, something and the funds came from the unspent stimulus package, that should’ve gone back to help pay down the skyrocketing debt our local, state and federal government is racking up. Who is going to pay that debt? The politicians who so blithely give it away? No! Those of us who actually pay taxes will be on the hook for every blessed penny.
Now before you say; “So what?” Remember, the Whatcom County Council is obligated to make the distribution of these funds public. Sustainable Connections and the Opportunity Council, are not required to make the distribution of these funds public. Now the DOE has the authority to audit these funds, but that does not make this a transparent transaction for you and I to see that this money is spent as required.
When the public coffers are ripe with mismanagement, we are broke, TEA’d off, and frustrated by the unfettered spending in government at all levels, how come this continues to happen?
Is this crony capitalism, or crony socialism? I say, crony socialism, because these NGO’s are shutting down the U.S. Constitution, the Washington State Constitution, Whatcom County Charter and Bellingham City Charter, as they were originally written to promote growth, freedom, liberty and the pursuit of happiness, as inalienable rights of all “free” citizens. How is this done? Through fiscal, social manipulation of the tax dollars, which are increasingly used to pick life’s winners and losers. No longer is it the hard work of an individual that gets rewarded. It is whomever and however you can convince these NGO’s and their complicit political partners (PPP’s) to give tax dollars to the chosen few.
YiT, Shelly
I ask you to decide, did Whatcom County elect a true conservative who is dedicated to protect and defend your rights as a “private individual”? Or, did Whatcom County elect a County Executive dedicated to “the Collective”?
As you watch this short promo-video, “Windfall”, about a small town that bought into the “clean green energy” of wind power, keep in mind that the “federal” Department of Energy has recently ordered that Bonneville Power cannot turn-off wind power generation in Washington State, due to excess water built-up at the dam’s and over production of power. The effects of this ruling?
Is this what “we’ve” bought into with hype and feel-good promise that not only are you lining your pockets with green energy “gold”, but you’re saving the environment. Notice any reduction in the rates being charged due to less power usage? No! The rates go up because we’re using less energy! What a convoluted mess they’ve created.
Now that Puget Sound Energy has invested so much time and “money” into “wind power” in Washington State, they are loathe to stop it. They will, in fact, fight to keep it going at this point, because that’s the only possibility they have of recouping their investment, due to pressure from our State and Federal government.
YiT, Shelly
Solyndra is representative of an epic failure on the part of the DOE to ferret out waste, fraud and abuse of valuable tax dollars. Solyndra has also become the synonym of how corrupt politicians are “spreading the wealth” (as they like to say) in a way that keeps non-self sustaining entities in business and waste serious tax dollars, all while paying-off crony political supporters and bundlers.
So, out of the shadows comes the revelation that the Obama Administration has approved for the U.S. Navy to purchase millions of gallons of biofuel from Solazyme (sounds a lot like Solyndra, don’t ya think?), that will cost the Defense Department $16.00 (best case scenario) up to $26.00 per gallon, as opposed to the $4.00 per gallon that is now spent on jet fuel made from straight gas.
So, if you are a “Friend of Obama” (FOO), if you need tax dollars to support and finance an un-productive commodity and are cagey enough to capture “free” grant money, or government contracts to do it all with, maybe you can become a synonym of Solyndra too!
YiT, Shelly
The Washington Times
Monday, December 19, 2011
U.S. Navy via Associated Press Lawmakers acceded to the president’s request that funding for the Air Force’s F-22 Raptor plane be ended in the defense appropriations legislation that he privately signed into law on Monday.
The $1 trillion budget bill before Congress includes a provision that would resurrect the Keystone XL pipeline, but don’t expect its passage to open a flood of black gold and wash away Uncle Sam’s infatuation with all things green. Even as the scientific validation of global-warming theory crumbles, adherents in Washington have dragooned the U.S. military into leading the charge toward renewable energy.
The Navy made headlines last week with the revelation that it has been ordered to purchase 450,000 gallons of biofuel to power its jet fighters. Conventional jet fuel costs about $4 a gallon, but the biofuel made from fermented algae will set back the service about $16 a gallon. The pricey green gas, says the Navy, will be used next summer to power planes participating in exercises near Hawaii under the politically correct title of “the Great Green Fleet Carrier Strike Force.” The purchase is part of a larger deal in which the Navy is partnering with the Agriculture and Energy departments to buy $510 million worth of biofuels over three years.
Just another revelation of how the tax payers are being bled dry to fund (bailout) the fallacy of “going green” as anything more than a bailout for the rich and famous “friends of Obama” (FOO). Can you believe that tax dollars are being used to create jobs at the per job ratio (PJR) cost of $1million each?
Time to clean house in 2012!
YiT, Shelly
President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official.
It’s just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out.
The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle.
Wagle was one of the principals in Kennedy’s firm who raised money for Barack Obama’s 2008 presidential campaign. When Obama won the White House, Wagle was installed at the Department of Energy (DOE), advising on energy grants.
Click here to read the full story.
The Solyndra story gets bigger and darker as some journalists start digging into the policies of the Obama Administration’s Energy Department philosophy of spending whatever it takes to construct solar “anything”.
I’ve posted two stories here. The first story is a continuation of how “Solyndra” squandered money on un-needed items for the plant. The second story is about “two” energy loans approved today (two days before the deadline on the energy stimulus money availability) to build “two” solar plants, at a cost of $1billion in energy loans for 900 construction jobs and 52 permanent jobs. That’s $1.05million per job!
Yours In Truth, Shelly
Overcome the Bullies & Support Liberty ~ Anyone but Obama in 2012
By Alison Vekshin and Mark Chediak - Sep 28, 2011 9:27 AM PT
Solar panels sit at Solyndra Inc. at their manufacturing plant in Fremont, California. Photographer: Tony Avelar/Bloomberg
“That’s a lot of money that went into that factory and I just don’t get how that factory is going to make this company successful,” said Barry Cinnamon, chief executive officer at Westinghouse Solar, a Solyndra LLC competitor. “It’s one of those neck-snapping things every time you drove down the highway." Photo: David Paul Morris/Bloomberg
The glass-and-metal building that Solyndra LLC began erecting alongside Interstate 880 in Fremont, California, in September 2009 was something the Silicon Valley area hadn’t seen in years: a new factory.
It wasn’t just any factory. When it was completed at an estimated cost of $733 million, including proceeds from a $535 million U.S. loan guarantee, it covered 300,000 square feet, the equivalent of five football fields. It had robots that whistled Disney tunes, spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms. Click here for the full story.
By MATTHEW DALY
Associated Press
AP Photo
WASHINGTON (AP) -- The Energy Department on Wednesday approved two loan guarantees worth more than $1 billion for solar energy projects in Nevada and Arizona, two days before the expiration date of a program that has become a rallying cry for Republican critics of the Obama administration's green energy program.
Energy Secretary Steven Chu said the department has completed a $737 million loan guarantee to Tonopah Solar Energy for a 110 megawatt solar tower on federal land near Tonopah, Nev., and a $337 million guarantee for Mesquite Solar 1 to develop a 150 megawatt solar plant near Phoenix.
The loans were approved under the same program that paid for a $528 million loan to Solyndra Inc., a California solar panel maker that went bankrupt after receiving the money and laid off 1,100 workers. Solyndra is under investigation by the FBI and is the focal point of House hearings on the program.
SolarReserve LLC, of Santa Monica, Calif., the parent company for Tonopah, is privately held. The Energy Department said its rules prevented it from discussing the company's financial information. Sempra Energy of San Diego, which owns Mesquite, is publicly held.
Energy Department spokesman Damien LaVera said the two projects had extensive reviews that included scrutiny of the parent companies' finances.
Chu said the Nevada project would produce enough electricity to power more than 43,000 homes, while the Arizona project would power nearly 31,000 homes. The two projects will create about 900 construction jobs and at least 52 permanent jobs, Chu said. Click here for the full story.
Looking over emails and news hi-lights, I like to peruse the comments for links to related articles that didn’t make it to the headlines of the mainstream media. The article posted below I found interesting, and wanted to share with you. The original article was about the 2012 Continuing Resolution, of which the Republican House has stripped further funding for activities like Solyndra. The comment section contained a link to this article on “Abound Solar”, Colorado’s own Solyndra.
The Republican’s in Congress have cut further energy underwriting with your tax dollars, to offset the additional funds needed for 2012 and FEMA. Wasn’t the selling point of the agreed upon 2011 CR, that any increased, future spending, was to be offset with an equal dollar in spending cuts?
Be sure to contact your Republican or Democrat, Congressman and/or Senator, to show your support for principled representation in politics, such as the 2012 Congressional version for Continuing Resolution. The few jobs created for an average cost of $300,000.00 per job in the “green economy’”, isn’t due to it’s environmental superiority, it is due to the number of “Benjamin’s”, it’s bringing to private businesses and public Universities to nudge society ever closer to the brink of economic collapse. The public/private compacts that have contributed to the demise of real free markets, continue to be politically accepted and are a stark example of the public’s tolerance for fiscal malfeasance, in their hopes of getting some of that “free” money.
Email Amy Oliver | Columnist's Archive
By now it’s obvious that the Solyndra scandal never should have happened. It’s not even a case of Monday morning quarterbacking. A number of people involved could see the disaster coming.
There is a larger principle here. Government should not use taxpayer money to socialize risk while privatizing profits. Examples such as Colorado-based Abound Solar, which received a $400 million loan guarantee, prove that crony capitalism simply rewards the well connected at taxpayer expense.
Abound Solar
Abound Solar, according to its Web site, “produces next-generation thin-film cadmium telluride solar modules” and “is committed to reducing the cost of solar electricity to levels competitive with fossil fuels.”
It is the brainchild of former Colorado State University (CSU)Professor W.S. Sampath and two former students Kurt Barth and Al Enzenroth. It began as AVA Solar and then incorporated into Abound in 2007.
The Web site says it employs 350 people in three Colorado locations. Its Colorado manufacturing plant is located in Weld County, which granted Abound up to $100,000 per year for the next ten years in business property tax rebates. According to sources, the reason for the rebate was job creation intended to benefit Weld County residents. Yet when officials and interested parties ask how many of the 350 jobs have gone to Weld County residents, the solar company does not answer.
Currently Abound has a manufacturing capacity of 65 megawatts expanding to 850 megawatts – at some point. However, in 2010 it manufactured only 30 megawatts. One wonders, if Abound can produce more, why doesn’t it? Click to read full story.
And this paragraph (located further in the story) has a link to another interesting story on the "Colorado Miracle”, the transition of the state of Colorado from a red state to a blue state, politically:
Stryker is also a charter member of the notorious “gang of four” which changed the political landscape in Colorado through an organization called the Colorado Democracy Alliance (CoDA). Their success was titled the “Colorado Miracle” and is being replicated in other states. Click to read full story.
Just how will imposing carbon taxes help the U.S. or World economies? Well with cap and trade implemented by the fiat of the EPA, there will be plenty of money to keep big government funded.
Yours In Truth Shelly
September 18, 2011 8:54 pm
By Pilita Clark, Environment Correspondent
British Airways faces a bill of nearly €50m, the highest of any airline, when carriers around the world are brought into the European Union’s carbon emissions trading scheme next year, a new study estimates.
But BA and other large European carriers will face a relatively smaller burden than their rivals in the US and China, because they should get an average of 81 per cent of the carbon allowances needed under the scheme for free. The Chinese and American carriers will only get an average of up to 64 per cent, says the report by Thomson Reuters Point Carbon, the energy research firm.
The airline industry’s total bill is expected to be €1.1bn ($1.5bn) at today’s carbon prices, the study says. The whole sector may only make a $4bn profit this year, the International Air Transport Association has forecast.
“Compared to airlines’ annual fuel bills, these additional costs are minor, but compared to profits they are considerable,” said Andreas Arvanitakis, Thomson Reuters Point Carbon associate director. “The question is how much of the cost can be passed to passengers and cargo clients.”
The findings come amid a fierce row over the EU’s move to make any airline flying into and within the bloc pay for pollution.
US airlines have taken legal action against what they say is an “astonishing” step, and Chinese complaints have prompted warnings of a trade war from European aircraft-maker Airbus.
Airlines have been exempt from Europe’s six-year-old cap and trade scheme, the world’s largest, which forces big polluters to pay for their carbon emissions above certain limits.
Carriers will now have to surrender allowances, each equal to one tonne of carbon dioxide, to cover their annual emissions. A portion will be allocated for free but heavy polluters will have to buy more allowances, now trading for about €12 each.
The exact number of free allowances each airline will get will not be known until official figures are published this month. But Point Carbon’s calculations, based on the latest public data, offer an early picture of how airlines’ competitive positions may be affected.
The €50m bill BA faces amounts to €1.66 per passenger, much more than the €0.14 expected for Delta, its US rival on the lucrative London-New York route, says Peter Hind of the RDC Aviation consultancy, whose data are used in the Point Carbon study.
BA said: “Any estimates of the shortfall in our carbon allowances are just that – an estimate. Our own analyses of the costs of the EU ETS to our business are commercially confidential and we would not speculate as to the costs to other airlines.”
This is a video which illustrates:
Here is a development in Tacoma WA (Salishan) that was built for Illegal Immigrants! 1325 Homes created! Refugee Pay offers them $2642 per month in SSI benefits, plus Food Stamps, plus Section 8 Housing. You will see new expensive cars in this video. Wouldn't you like to get a free ride like the illegals? http://www.salishan.net/projectupdates.html
(There was an article published by the NY Times in 2007, which elaborates on this project. The article never mentions that this housing and subsidy program includes “illegal-noncitizens”, but it does reference the paid for landscape maintenance and language barriers due to the foreigners inability to speak English.)
So there’s not much for me to say except, watch this video, share this video, contact your State of Washington political representatives and ask them:
Why we spend money to make life so easy for those who have broken our laws?
Why is our State and Country broke, but the State and Federal governments refuse to address the real spending problems?
When are we going to “Cut, Cap and Balance” the Federal government?
Yours In Truth Shelly
Ever wonder why nothing ever comes of “new” manufacturing or production jobs” in Whatcom County? With the urging of “Re-Sources for Sustainable Communities, the environmental law firm “Earthjustice” is throwing the process back to the permit level. Based on SSA’s original permit’s “lack” of inclusion for the word “coal” and the “under stated” potential increase in train traffic at it’s maximum projected potential not documented in their original 1992 permit. You need to understand that Re-Sources for Sustainable Communities only exist because they have professional grant writers. These professional’s milk the tax payers for hundreds of thousands, if not millions, of dollars to fund their efforts to “kill” all manufacturing and production that isn’t of a “socially” acceptable, green variety. These “Eco-Fads” are killing American jobs and America’s ability to have a vibrant, sustainable economy. An economy solely based on “green” is doomed for bankruptcy because you must have a diverse economy that relies on a multi-layered field of businesses, if we are to provide jobs for the masses. A diverse economy is capable of withstanding the booms and busts of business cycles and yes, those rascally evil “economic bubbles”, like the internet and housing markets.
The links I’ve provided below will give you some good research to see how these NGO’s are taking government money to use against “YOU” and is a huge part of the jobless recovery we have been experiencing of late.
Re Sources for Sustainable Communities; “Stormwater University”: http://dl.dropbox.com/u/3968437/Green%20Tea/20110060%20%28Stormwater%20University%29.pdf
Found as Re Sources: http://www.cob.org/cob/Contracts.nsf/srch?SearchView&Query=Re%20Sources
Found as Re sources: http://www.cob.org/cob/Contracts.nsf/srch?SearchView&Query=Re%20sources
Found as Sustainable Connections 2010: http://www.cob.org/cob/Contracts.nsf/srch?SearchView&Query=Sustainable%20Connections%202010
Found as Sustainable Connections: http://www.cob.org/cob/Contracts.nsf/srch?SearchView&Query=Sustainable%20Connections
Yours In Truth Shelly
Please enjoy the article in today’s Bellingham Herald confirming that Re-Sources for Sustainable Communities has contracted with the law firm “Earthjustice” to stall/prevent the Gateway Pacific Terminal from moving forward on development of the cargo terminal proposal for Cherry Point. These organizations want “all” petroleum, carbon based industries to be shut down in the United States, yet there is no viable alternative to replace these energy sources for the next 5+ decades, as documented by the renowned physics professor Dr.Richard R Muller. How will the “human” population feed and cloth themselves and their children if we are forced to return to the pre-industrialized ages?
JARED PABEN - THE BELLINGHAM HERALD
Developers of the Gateway Pacific Terminal must apply for an entirely new shoreline permit if they want to build a facility capable of handling up to 54 million tons of cargo a year, including coal.
The decision from Whatcom County planners deals a setback to SSA Marine of Seattle, which proposes to build the terminal at Cherry Point, west of Ferndale.
The company says it has a valid 1997 permit for a smaller facility that could handle up to 8.2 million tons of cargo a year, not including coal (the permit mentions moving petroleum coke, iron ore, sulfur, potash and wood chips).
The company argues that the larger facility would simply require processing the application as a "revision" to the existing permit, and that the revisions would undergo the same level of scrutiny as a new application.
Environmental groups, including Earthjustice, an environmental law firm, dispute that. The group said accepting the application as a revision would mean less public scrutiny, and would mean the project could avoid tough environmental standards because it would be reviewed under 1992 shorelines laws instead of newer ones.
The law firm represents Sierra Club, Climate Solutions, and Re-Sources for Sustainable Communities, a Bellingham nonprofit that opposes SSA's plans.
Read more: http://www.bellinghamherald.com/2011/06/23/2073486/whatcom-county-gateway-pacific.html#ixzz1QD50x2qQ
Fredreich Hyak studied how Socialism leads to corruption. Through unchecked regulatory power and money, Socialism always evolves into tyranny. Every historical instance of societal regulation for the “collective” good has proven this out and recent history has not changed that truth. Unless you have unlimited time and resources it is nearly impossible to keep up with all of the subliminal manipulation that occurs all around us. The HHS has granted money to be used by the CDC to nudge the populace into acceptable behavior for the collective. This program goes by the acronym “CPPW” and it’s hiding in plain site for anyone who knows enough to find it.
Stay informed, get educated and vote for persons of the highest integrity to protect your Country, your family and yourself from the ever creeping destruction of the United States Constitution, the only thing that protects us from despots and tyrannical do-gooders who know not what they have done. Or do they?
Enjoy these articles that expose just “one” of the grants being used to manipulate a segment of society (LGBT’s) into peaceful acceptance of regulatory prohibition, of what is for now, a legal practice with a legal substance.
Yours In Truth Shelly
It is no secret that the government wants to change how we live. Nanny-state officials want people to exercise more, stop drinking soda and stop using tobacco. But few people are familiar with an Obama administration program that gives grants to activist organizations that support unpopular nanny-state laws.
I wouldn’t have known about this multimillion-dollar grant program if I hadn’t followed @lgbttobacco on Twitter, and you may not have known there is a National Lesbian, Gay, Bisexual & Transgender Tobacco Control Network funded by the Centers for Disease Control (CDC) if you hadn’t read this article.
Last week, @lgbttobacco directed their followers to a CDC conference call meant to give participants guidance on “Community Transformation Grant” submissions, due June 6th. I took the opportunity to listen in. What I learned shocked me.
The grants, funded through Obamacare, break new ground in the administration’s attempt to build political support for radical legislation. Read the full story here.
See our Grantees Map.
The American Recovery and Reinvestment Act of 2009 states that “$650M shall be provided to carry out evidence-based clinical and community-based prevention and wellness strategies authorized by the Public Health Service Act that deliver specific, measurable health outcomes that address chronic disease rates.” The Department of Health and Human Services (HHS) has developed an initiative in response to the Act. The goal of the HHS initiative – Communities Putting Prevention to Work – is to reduce risk factors and prevent/delay chronic disease and promote wellness in both children and adults. The initiative was launched by HHS in a press briefing held on September 17, 2009.
Communities Putting Prevention to Work will expand the use of evidence-based strategies and programs, mobilize local resources at the community-level, and strengthen the capacity of states. The initiative has a strong emphasis on policy and environmental change at both the state and local levels and will:
The program has four distinct but unified initiatives: a Community Initiative, a States and Territories Policy and Environmental Change Initiative, a States Chronic Disease Self-Management Initiative, and a National Prevention Media and National Organizations Initiative.
Nearly $450 million is allotted for intensive community approaches to chronic disease prevention and control in selected communities (urban, rural, and tribal). These funds will include grants to communities ($373 million), as well as providing community support and evaluation support ($76 million). These awards were announced on March 19, 2010.
$120 million will support States and Territories in promoting wellness and preventing chronic disease through state-wide policy and environmental change for chronic disease prevention and to increase tobacco cessation through expanded quit lines and tobacco cessation media. These awards were announced on February 5, 2010. Click here to the website for the full reading of this Initiative.
The feds are rolling out $100M worth of new healthcare reform prevention money that's coming soon to a town near you. But right now is the moment when local LGBT groups need to speak up to make sure the promise of LGBT inclusion in this funding is met. We're pleased to partner with the Network for LGBT Health Equity at Fenway Institute to help give you strategies to approach your local health department right now (since they're planning the work now) and make sure LGBT groups, and LGBT people are in from the get-go! (also, 50% of these funds will be re-granted locally... so now's the time to stage your group to be a funded partner.)
It’s time for the citizens of the United States to demand that their elected representatives of this Great Country get a grip and implement fiscal sanity into the U.S. Federal Government at all levels. This posting is a wake-up call from those in-the-know about the fiscal insanity that is currently taking place with ‘our’ precious human resources, productivity and tax dollars.
Yours In Truth Shelly
Monday, April 04, 2011
By Terence P. Jeffrey
Erskine Bowles, co-chairman of the National Commission on Fiscal Responsbility with his co-chair former Sen. Alan Simpson (R.-Wyo.) (AP photo/Alex Brandon)
(CNSNews.com) - The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.
That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.
The lion’s share of this federal spending went to redeem Treasury securities that had matured during the month—most of which were short-term Treasury bills that have terms of one-year or less.
In fact, during March the Treasury redeemed $705.3 billion in Treasury securities of which $623.9 billion were short-term bills with a term of one year or less.
After the disbursements made to pay off the $705.3 billion in loans that came due in March, three of the other top four federal spending items for the month were entitlements programs. The other top item was payments to defense contractors.
The Treasury paid $49.8 billion in Social Security benefits in March, $47.4 billion in Medicare benefits, and $22.575 billion in Medicaid benefits. It also paid $37.9 billion to defense contractors.
To help pay off its $1.0528 trillion in monthly bills on only $128.179 in monthly tax revenue, the Treasury turned primarily to new borrowing. During the month, according to the Treasury statement, the government sold $786.5 billion in new securities. It also drew down its cash balance from $190.6 billion at the beginning of the month to $118.1 billion at the end of the month. It also reaped $18 billion from the sale of assets in the Troubled Asset Relief Program.
The federal government’s cash-flow situation was summed up pungently in Senate Budget Committee testimony by Erskine Bowles, who served as chief of staff to President Bill Clinton and is now the co-chair of President Barack Obama’s National Commission on Fiscal Responsibility. (See video below.)
“I'm really concerned,” Bowles told the committee last month. “I think we face the most predictable economic crisis in history. A lot of us sitting in this room didn't see this last crisis as it came upon us. But this one is really easy to see. The fiscal path we are on today is simply not sustainable.
“This debt and these deficits that we are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within unless we have the common sense to do something about it,” said Bowles.
“I used to say that I got into this thing for my grandchildren,” Bowles said. “I have eight grandchildren under five years old. I'll have one more in a week. And my life is wonderful and it is wild. But this problem is going to happen long before my grandchildren grow up.
Continue to read this story by clicking here.
Not all Union members are happy that their precious union dues are spent this way. How else do you think I received this email being shared among the local unions?
For some insane reason the Unions don’t understand how the financial and benefit packages that they procured during ‘collective bargaining’ is one large part of what’s destroying the private sector. Wake up! If there’s not a growing private sector and private sector jobs, there is no money to pay for public services.
Legacy and benefit plans are unsustainable for the obvious reason that they are not only ‘too’ generous, but also because the public sector has grown faster than the private sector and has not adjusted itself in the tough times as the private sector does. The private sector adjusts itself naturally due to market forces. The public sector does not adjust itself naturally due to the choke hold they have on the public coffers. Politicians who were more concerned about getting public union dollars for their elections, than looking out for the best interest of all the tax paying citizen’s they represent, have sold both sides a lemon.
So, Washington State Unions, protest all you want…that does not change the truth.
Yours In Truth Shelly
My Friends, it's time to take a stand!
As the budget shortfall continues to grow, so do the attacks on public employees and Washington families. Legislators are scapegoating workers while giving away billions in tax breaks to out of state corporations.
Did you know state Senator Zarelli is fighting to reject your contract because he thinks the 3% pay cut you agreed to isn't enough (SB 5870)? Or that he wants to create a PERS 4 retirement system that will eliminate your guarantee pension (SB 5908)?
It doesn't matter that your sacrifices will save the state more than $330 million or that you've sacrificed more than $1.5 billion in the past 2 years. It doesn't matter that these bills won't save the state money and that they'll actually hurt our recovering economy.
They want to bust the Unions.
It's time to take a stand in Olympia! Join me and the thousands of other union members from across the state on Friday, April 8. [learn more here]
Let's send a message to law makers that the workers didn't cause this budget crisis and they can't solve the problem on our backs.
Buses are filling up fast! Please email me back and let me know what bus you're planning to ride or if you're planning to get here on your own.
It's going to be historic!
April Sims
WFSE/AFSCME LPA Field Coordinator
Rally at the Capitol steps at noon on April 8 to demand that legislators put people first when seeking solutions to the budget crisis.
Washington state's economy has been brought to its knees over the past several years - not by working men and women, but by Wall Street bankers who created the worst economic crisis in our country since the 1930's. Many ordinary working-class people have already paid the price in lost jobs, homes, services and hope.
People are looking for real solutions. We don't need more cuts to working families. We need legislators to recognize that public servants and middle-class workers have already made deep sacrifices to help fix the economy.
The legislature gave away $3 billion in tax breaks in the past 10 years. We need legislators to close tax loopholes and protect the safety net.
On April 8th - come to Olympia and stand in solidarity to demand that legislators protect the middle class and find real solutions to the budget deficit.
Follow this link to their website and go to all of the bills that they are asking their membership to support and oppose. Then ask yourself, does this organization care about our State or our Country? Click here to the WFSE site.
So after you listen to this YouTube of Planned Parenthood’s President, Cecile Richards, stating emphatically that defunding Planned Parenthood will negatively affect women’s ability to receive mammograms…keep listening…you’ll hear just what a negative impact that would really be. “Follow the Money”
Yours In Truth Shelly