Tag: stimulus (page 3)

From the freep this morning: State to take over Pontiac's finances.

Signaling the city of Pontiac is on the edge of financial chaos, Gov. Jennifer Granholm has notified the mayor that a state-appointed financial manager will be taking over.

But Michigan's Treasury Department during reviews of Pontiac's finances found the city consistently spent more money than came in to city coffers and the mayor and council have not been able to agree on how to resolve the city's budget issues, the governor said.

"The Review Team is somewhat concerned by what it perceives as a lack of urgency on the part of City officials in addressing in a meaningful manner the City's serious financial problem"

City officials could not be reached for comment

CNBC's Rick Santelli called earlier this week, backed by mortgage traders, for a "Nationwide Chicago Tea Party" to protest the Obama Administration's Pork Laden Stimulus plan.

The Boston Tea Party was an act of direct protest by American Colonists demanding representation in the British Government.They became known as the original patriots.

As the bailouts spiral out of control, we are forced to fund failed banks. With foreclosures on the rise, we are made the collateral of out-of-control spending . And, when the bills come due, the IRS knocks on the door of self-responsibility.

ENOUGH!
Join With Thousands of Patriots Across the Country!
As We Declare Our Independence from Big Government Bailouts!

Friday, February 27th
High Noon
Michigan State Capitol
100 N. Capitol Ave, Lansing, MI

Enough with the Pork!
We bring home the bacon and we want to keep it!

Bring Your Tea Bags, Protest Signs and American Flags!

Dissent is the highest form of Patriotism. - Thomas Paine

Questions or to Confirm Attendance: apackof2@gmail.com

The World According to Me

He discusses the Democrats bailout and makes a lot of sense.

The man proved earlier this week that he has a flair for hyperbolic buffoonery so I'm convinced it'd be pretty fantastic.

"Andy Dillon and the Democratic majority in the House are doing one heck of a FEMA impersonation while Michigan undergoes its own economic Katrina."  Or something like that.

Alas, local job makers aren't waiting on their economic rooftops for tragically late government intervention... they're just packing their bags and leaving the state.

Today we reach Day 21, three full weeks after an overwhelmingly bi-partisan majority of the Michigan State Senate (one-third of the Democrats joined every Republican) came together to approve a spending-free stimulus plan that returns $1.235 billion to local businesses... Michigan companies creating Michigan jobs.

Senate Bill 1 repeals the hated, job-killing MBT surcharge, not only stimulating the economy with a massive infusion of desperately needed capital, but sending an even more desperately needed signal to the business community that Michigan is finally ready to make some tough decisions and to step out of the economic dark ages.

The Democrat controlled House and Speaker Andy Dillon specifically, haven't bothered to even give the bill a hearing.

A) Spend more than a half-billion dollars of one-time only federal stimulus funds, designed to create jobs and kick-start the economy, to instead erase bureaucratic red ink and

B)  Increase overall spending!!!

Because that won't create a massive new structural budget hole that'll need filling in the future.  Noooooooo.

Here is a history of Michigan's state government budgets during the Granholm-Cherry administration's time at the helm.

2003 Total Budget: $38,546,223,200  

2004 Total Budget: $39,236,530,900

2005 Total Budget: $40,224,217,400

2006 Total Budget: $41,672,547,100

2007 Total Budget: $42,791,804,000  

2008 Total Budget: $43,827,383,200  

2009 Total Budget: $44,200,000,000

Don't need to be a rocket scientist (apologies to Congressman Ehlers) to notice that those numbers have gone up pretty significantly.  

Are there cuts in this budget?  You bet.  The Governor wants to fire 1,500 government employees, cuts funding for schools by $59 per kid and slashes higher ed funding by $100 million.  

And STILL the overall budget increases by nearly $400,000,000... in the face of a $1.6 billion short fall!

With a half-billion in one-time stimulus spending used to erase red ink.

Talk about a whole new definition of "spending cuts."  More like "shuffling deck chairs on the Titanic."

If Michigan's tax and regulatory structure continues to drive small, medium and big businesses, from mom-and-pops to major manufacturers, scurrying for the borders then it only stands to reason that we address Michigan's tax and regulatory structure.

On the same token, we've heard from the Governor and a seemingly unending parade of Democrats at the federal level these last few weeks, each of them insisting that Congress pass the Pelosi stimulus package because it gives billions of dollars to job makers, allowing them to invest that money and grow the economy.  

An overwhelmingly bi-partisan majority of the Michigan State Senate (one-third of the Democrats joined every Republican) beat Congress to the punch and did them one better last week, passing a spending-free stimulus plan that gives $1.235 billion to local businesses... Michigan companies creating Michigan jobs.  

Senate Bill 1 repeals the hated, job-killing MBT surcharge, not only stimulating the economy with a massive infusion of desperately needed capital, but sending an even more desperately needed signal to the business community that Michigan is finally ready to make some tough decisions and to step out of the economic dark ages.

The Democrat controlled House and Speaker Andy Dillon specifically, haven't bothered to even give the bill a hearing.  

House Democrat obstruction to serious job creating stimulus currently sits at six days.  And the question isn't how soon will they give common sense, bipartisan legislation a hearing and a vote... its how long will they continue to ignore the devastating economic reality gripping their own constituents?