108 search results for "detroit bailout"

Democrats being Democrats

As seen on the blogosphere >>> this <<< should serve as reason why Recucklicans squandered away billions of our tax dollars on a shithole that exclusively elects Democrats.

You Betcha! (10)Nuh Uh.(2)

Lying liars lying (yet again).

Multiple media outlets in Detroit are reporting that the Detroit Institute of Arts will renege on their pledge made after the passage of their Regional Art Tax (aka “Art Institute Authority”) in 2012 and seek a renewal on the March 2020 ballot, two years ahead of its statutory end.

Yeah, I cannot wait to see how they’ll justify spending even more money on “art”?

I’m currently running on very little sleep, but more details to follow…

 

 

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See, We Told You So.

No fewer than a dozen warnings that this would happen ..repeatedly.

Scales just commented this grand disaster.

From the people who watch such things, we just wanted to remind you that the fix you thought was there? Wasn’t.  As reported in the Detroit News Detroit schools need mo money:

“Without state support to address its growing capital needs, Detroit’s public school system poses a potential threat to Detroit’s economic revitalization, Moody’s Investors Service said Tuesday.

The rating agency said for fiscal 2019, the Detroit Public Schools Community District has budgeted $9 million in capital expenses, out of a budget of roughly $760 million. Detroit’s school buildings have $500 million in capital needs and deferred maintenance.”

Disappointing, yet not altogether surprising.

Before giving anymore, perhaps Michigan’s investors actually look at who gets da money?

Anyhow, it never should have happened to begin with.

I have solutions for any of these school issues.  If anyone in the game really wants to fix it once and for all, feel free to reach out.  It would take a little courage, but the repair would last forever.

[call me]
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Are they even aware of what they’re selling?

So in the midst of all of the post-election analysis, we’ve heard the “experts” from other outlets drone on about why the 2018 Election went the way it did.

We’ve heard them tell us that this is the vaunted “Blue Wave” sweeping across America. Despite the rash of ballots “miraculously” showing up in places like Florida (and apparently now here) along with Arizona, democrats still only control the House.

We’ve been told that this is the year of the woman. Yet, I’m waiting to hear why superior candidates like Lang and Epstein didn’t benefit from this?

Finally, the media (or infotainment complex…take your pick), dredges up their favorite rationale for last Tuesday Night’s results: It’s all President Trump’s fault.

If you get past their self-created echo chamber, you might have noticed the marked lack of coverage of the rise in America’s economy that has taken place since the ‘16 election (far higher than any democrat or their sycophants claimed was possible) , unemployment numbers falling ACROSS THE BOARD, and a newfound respect for America around the world since a certain Chicago street hustler was no longer in a position to embarrass our Republic by bowing down to foreign leaders at every opportunity and generally showing no backbone with the same by conceding at every opportunity.

I’m going to bring up a topic that the so-called conservative policy wonks running the multitude of losing campaigns are loath to ask themselves.

{Post continues after the fold}

You Betcha! (11)Nuh Uh.(2)

Rewarding stupidity.

Come and meet the news boss…same as the old boss.

OPM.

Isn’t it grand to not be responsible for money.

Large sums of money, even.

Money that you would’ve thought SOMEONE would’ve learned their lesson after having their fat pulled out of the fire multiple times in the past.

Same characters played by different actors.

{This week’s stupidity players are revealed below the fold}

You Betcha! (9)Nuh Uh.(1)

Sleight of Hand

Fast Times At The Detroit Public Schools Community District

Norman Shy, the Detroit Public Schools vendor who stole $ 3 million with the capable assistance of 12 DPS principals and one DPS administrator, has begun paying his court-ordered restitution. The Detroit Free Press reported today that the Detroit Public Schools Community District has received $ 1.5 million from Mr. Shy, out of the total $ 2.7 million in restitution U.S. District Court ordered Mr. Shy to pay in September 2016.

The problem here? Mr. Shy’s scam looted the pre bailout/bankruptcy Detroit Public School District, not the new Detroit Public Schools Community District. The new Detroit Public Schools Community District was created in July 2016, before Mr. Shy’s sentencing but well after his 13 year long scam concluded.

The legacy Detroit Public School District still exists as a ward of the State of Michigan to pay off more than $ 500 million in ‘operating debts’. Debts which, in part, are directly due to Mr. Shy’s scam and dozens of other thieves. Michigan taxpayers at large are paying down those debts of the legacy DPS District, and will be paying until 2025 – if not longer.

Mr. Shy’s restitution payments should be paid to the legacy DPS District, not the new DPSC District. Its not like Michigan taxpayers owe these monies to the new DPSCD. Michigan taxpayers fronted the DPSCD $ 617 million as part of the 2016 bailout/bankruptcy, and the new, ‘debt free’ district is now being financed just as generously as every other school district in Michigan.

$ 1.5 million is real money.  Restitution should be directed to those financially damaged.  In this case, it is the taxpayers of Michigan – not the new Detroit Public Schools Community District – who were looted by Mr. Shy.

Anyone still wonder why Michigan residents are so ill disposed towards Detroit and its very creative government accounting practices?

You Betcha! (10)Nuh Uh.(0)

Insert Cash Here

Yet another bucket lister with bling

It’s getting interesting already.

In 2009, a relatively new guy came on the political scene, threw down some shekels, and became the titular head of the Michigan GOP.  We all knew he was a fraud, but money talks, and we all know the rest.

And now, the first round of financial reporting is out for 2018.  Candidates for Michigan’s top spot are starting to sort out, and the Michigan Campaign Finance Network has done a nice job of putting up some of their financial numbers fast. The heavy fundraising this early in the game goes to the usual suspects and one that stands out in a peculiar way, also hailing from Ann Arbor, but this time on the Democrat side.

Democrat Shri Thanedar, Ann Arbor
Total Contributions: $3.2 million

Thanedar, a businessman who lists himself as an entrepreneur on campaign finance disclosures, has loaned his own campaign $3.2 million so far this year. His campaign reported only one other contributor. That person gave $100.

The Thanedar campaign reported spending $81,557 from when the committee formed in April and the campaign finance reporting deadline on July 20.

Michigan is no stranger to self-funding candidates. In 2010, Republican businessman Rick Snyder contributed about $6 million to his primary campaign to help score the GOP nomination for governor. He went on to win the general election.

I suppose the fantasy of every political wannabe in Michigan is to self fund the next Gubernatorial contest.

You Betcha! (9)Nuh Uh.(0)

Draining The Swamp In Michigan?

Northern Michigan activists pursue lip serving politicos in Lansing

The mission statement of DTS Michigan is simple:

“Using public media to hold our elected officials accountable. Raising public awareness of issues critical to the people of Michigan.”

The mission itself, is yet another matter.

Watching taxes go up, socialized medicine implemented, an international bridge obligation, bailouts for Detroit, Bailouts for Detroit schools, and increased bureaucracy develop in the past 6 years, one would think we have a liberal Democrat legislature led by a liberal Democrat governor at the helm. Even the former liberal controlled political machinations of Lansing were never so effective in the growth of the budget, and accompanying growth in taxes.

The reason is as simple as the players behind the scenes pushing for corporate welfare (cough- Detroit stadiums, arts, roads, schools) and an increasingly centralized hospital, insurance, industrial complex.  There is much money in these endeavors, and the scaly denizens who benefit financially run the swamp with a tight leash on the legislative majority.

So along comes this activist brigade attempting to educate, make taxpayers aware of how bad they are being abused, and highlight who is doing the abusing. Yeah, we may have been trying to do that here, but Drain the Swamp Michigan is actually running ads and spending money.

The ad on the right is an example of the high quality radio content, but put to a video so it can be shared in popular social media sites that don’t allow MP3 as a standalone.

We’re glad they are on the team, and encourage you to support them as you can financially.

 

 

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Lets Throw More Money Away!

Commission to taxpayers - "Gird your loins."

About that blue ribbon report on education?

Governor RINO-Burger’s newly formed ’21st Century Education Commission’ has performed as expected. One theme seems to stand out.  In the end, all will be well if we follow some not-so-surprising advice from the best socialist minds around. – Free college. Preschool for every child. No more grade levels.

A report released last week from Gov. Rick Snyder’s office offered lofty goals designed to overhaul Michigan’s public education system. The state needs to offer free community college, expand preschool access, and restructure K-12 public schools, the report suggested. District leaders in northwest Michigan agreed, but they’ll need more clarity on the details.

Sure.  why not?

Government employees shilling for expansion of government?  But wait!  More clarity?

“My first question would be if it’s free, who’s paying for it?” asked Sander Scott, superintendent at Glen Lake Community Schools. “That’s what any taxpayer would say. There’ll be a cost to be able to offer these things. … The state is really struggling to fund its public schools so adding more is interesting.”

Yes, “interesting.”
The state is struggling to accurately provide (yes, “accurately.” ‘Adequately’ is a word I would use if it was called for) funding that provides for the best education for our declining youth.  As opined previously, dumping nearly an additional $billion bones into the Detroit school system last year was a seriously flawed legislative act.
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