120 search results for "bailout"

Prop 1…Detroit’s ‘River’ of Opportunity

Prop 1 is for roads???...Hardly...

Detroit is deadDetroit’s ‘Core’ a ‘Common’ problem…

Being a ‘newbie’ senior citizen, I’ll have to rely on the ‘old school’ math, but…let’s at least try to sum this up, shall we???

We don’t have to go back too far, let’s just start with the Guv’s 2012 budget, and it’s expansion since then… http://ballotpedia.org/Michigan_state_budget_%282011-2012%29#Deal_negotiated

$47 billion for 2012, and now asking $53 billion…and an estimated $2 billion more each year in tax increases proposed in Prop 1…Just where is all this money going???…Let’s follow some (most) of it…I have…

Starting with the Detroit bankruptcy bailout, $195 million, our State tax money…We’ll try (try, that is) to keep a running total…Stay with me here, the ‘River” gets murky in some spots…http://www.freep.com/story/news/local/detroit-bankruptcy/2014/11/08/detroit-bankruptcy-timeline/18680129/…Speaking of rivers, let’s cross this one… http://blogs.windsorstar.com/news/snyder-canadian-leaders-urge-washington-to-fund-dric-customs-plaza. The $550 million Canada has promised for the bridge construction is a loan, to be repaid from tolls, but that’s another story entirely…So Detroit has $195 million in State money to get itself out of Court…

You Betcha! (17)Nuh Uh.(0)

Proposal 1 Comment Of The Day

Well, yesterday’s, as I just noticed today but, it is noteworthy: Click here.

You see, once one moves past what I call Chuck’s cutesy outhouse-genius mentality of telling wondering tales, it all comes down to the $116,000,000.00 baked into Proposal 1 that Chuck & Co. would like to get their hands on for Rick Snyder’s perpetual Detroit bailout and his Utopian moving of chattel schemes.

einstein_simpleThere are many viable Plan B options in the works, and we all know that. The end.

Ps. we all should thank our lucky stars for term limits. Moving to a part time legislature is way past its needing, too.

Pps. does one wonder why Chuck is so sensitive about protecting the insurance lobby sitting on $18 Billion without ever opening up their books for audit?
GasTaxRegistrationFreesHike
Just sayin’…

You Betcha! (22)Nuh Uh.(0)

“All those in favor say ‘Aye’. Any opposed? Seeing none, the motion is approved.”

This is not the time for chutzpa!

If our elected representatives in Lansing are in need of any suggestions to “find” money to reallocate towards more important matters affecting Michigan, a local vote that was taken yesterday afternoon by an advisory committee would be my recommendation for a great place to start.

{Story continues below}

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

Bejebus! Our Proposal 1 inbox is Smoking Hot This Morning

A reader sends this juicy morsel from Paul Egan a few days ago.

STOP-167■ Allow cities whose transit services carry more than 10 million passengers per year, which includes Detroit, to spend up to 20% of its share of Michigan Transportation Fund money on transit, rather than city roads and streets.

■ Add language to allow the Michigan Transportation Fund to receive money from any source, not just fuel taxes and vehicle registration fees.

MORE

GasTaxRegistrationFreesHikeCan one say Regional Transit Authority? Us well-informed RightMi.com readers sure can. Matter of fact, there is a Tag for that, and we here will allow the missed it by 4% registration fee hike to remain in this Tag, here.

But, back to that RTA… isn’t it nice of the movers and shakers within SEMCOG to provide means of special assessments and property tax hikes by statute for the ongoing bailout of Wayne County? Gee, all of Michigan should thank, slick Rick and Lt. Calley, for that, no?

OABTW, did I happen to mention that I had the opportunity to shake hands with our beloved Republican governor on St. Patty’s Day? True story.

I was at a local convenience store reaching for my wallet and accidentally intercepted Snyder’s hand.
CamachoSnyderBecause every president really needs a *Smart Guy™*…

You Betcha! (17)Nuh Uh.(2)

And in Other News… Water is Wet

Happen to notice this gem of true Romney/Rockefeller Republicanism in the Twitter feed sidebar? Unfortunately, with most focused on Snyder and Calley’s annually increasing $2,000,000,000 tax hike ‘wants’ on May 5th, pragmatic clown Nolan pumping our legislators to ram through Bolger’s Wholesale fuel tax hike boondoggle with same ratchet mechanism, which much to our disappointment this guy breathed new life in that false premise of throwing $1.2B more at a deeply flawed MDOT, and the looming Wayne County bailout. Did I forget to mention Snyder and Calley’s costly Green Energy mandate with 100% government bureaucrat control? Yes, that too. Well, here’s another one of Snyder and Calley’s latest big government central-planning ‘wants’ is deserving some attention, too.

happy-snyderIn an interview that aired Monday on Michigan Public Radio Network stations, Snyder said it will be a “huge issue” if Michigan residents are no longer able to qualify for the incentives [wealth redistribution]. He said U.S. Rep. Fred Upton, R-St. Joseph, is leading discussion of a possible congressional solution if the tax credits are denied.

Short of that, Snyder said he would ask the Republican-controlled Legislature to make Michigan’s a state-run exchange.

“That raises the issue, should we be looking at a state exchange, and that’s a dialogue I’d have to have with the Legislature,” Snyder told MPR’s Rick Pluta.

MORE

Wouldn’t the Romney clan’s other Utah friends like Mike Leavitt, just love that? Cha-ching again! says those connected with BC/BS of Michigan. And, if one has read about Upton’s so-called “off-ramp” they’d quickly realize it’s just more of the same fixed market government overreach (yep, Ron Paul included) serving to illustrate how “R” is for reversing into a ditch when those with a “D” gladly drive off a cliff with the accelerator pedal mashed through the radiator. Is there reason why Rick Snyder is on the Top 10 List? You betchya.

And, it only gets worse.

You Betcha! (17)Nuh Uh.(1)

“Grand” Bargain the County Edition

via WXYZ

bailouts“Fitch downgraded $203 million in building authority bonds, $186 million in limited general obligation bonds and $51 million in stadium refunding bonds. … jail boondoggle that wasted $130 million and counting.

Wayne County has a structural debt of $50 million and $40 million more is needed each year to bring its pension system back – the underfunding accounts for about 70 percent of the long-term debt of $2.9 billion.”

Hmmm… bond issues, huh?

You Betcha! (17)Nuh Uh.(4)

Boy, are these people stupid!

Chumps!

Morons!

Idiots!

Dupes!

Simpletons!

Fools!

Betcha think these comments regarding Michigan Taxpayers was “secretly” overheard coming from the confab between Gov. Snyder, Ex-Speaker Bolder, Ex-Sen. Richardville, Rep. Greimel & Ex-Sen Whitmer last December just before they announced placing Prop 15-1 before Michigan Voters?

Close, but not quite.

{Tantalizing details after the fold}

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

I Imagine People in Hell Would Like Ice Water Too

Is this what Snyder meant by Rivers of Opportunity?

Detoilet_Monster_Still_HungryIt costs an average of $1,800 per year for auto insurance in Detroit’s suburbs; it costs about $3,600 within the city limits, Detroit Mayor Mike Duggan said from Motor City Casino [Ilitch family] at the 2014 Detroit Policy Conference Thursday.

“Detroiters can’t afford to make $300 a month in car insurance, in most cases more than their car note, [maybe we should buy them a park to ease their woes?]” Duggan said to the room of business, nonprofit and media leaders. “I’ve spent a lot of time already with the Republican leadership on some ideas on that …[suspect Numero Uno]

“I just want the ability to be competitive on car insurance.”

What that legislation might look like, Duggan wouldn’t say.

“There’s no reason for us to talk about these details,” Duggan said during a media scrum after his on-stage speech, “because I need to get 56 reps and 20 senators to agree to them and I just as soon do it with them and not announce the details here, so no disrespect.”

MORE

Looks like our little green friend in Detoilet is still hungry but, oh sure, why not? Just for Snyder’s inaugural party MC carpetbagger mayor buddy, let’s call the legislation: “Grand” bargain Auto Insurance.

Sorry, Progressive is already taken. But, ya, that’s the ticket, Mayor Mike. You know, the old saying is true: the more things allegedly change in Michigan, the more they stay the same.

Has anyone else been left out of getting a cut of the Detroit bailout? If so, please leave suggestions in comment.

Ps. anyone else notice Detroit’s Police no longer reveal crime summary reports?

You Betcha! (20)Nuh Uh.(1)

Here Comes the BIG SCARE

Boy, the desperation is getting thick within the Ineptocracy that is Lansing, and D.C.

The Federal Highway Trust Fund, which accounts for nearly one-third of the state’s transportation budget, made about $1 billion available to Michigan in 2013. That’s 8 percent less than five years earlier and 15 percent less when adjusted for inflation, according to figures compiled by The Associated Press.

AutoBailoutVisitSo, where the Hell were Senators Levin, and Stabenow? Why did they allow our state to flounder while their man Harry Reid, was in charge? $3 Trillion?

The funding that generally comes from federal gasoline and diesel taxes was up 20 percent over a decade but down 5 percent in inflation-adjusted dollars [happens when .FEDGOV prints money].

The AP analysis also shows that Michigan ranked seventh-lowest among states in per-capita federal transportation funding in 2013 and second-lowest in per-capita overall spending on highways, roads and bridges [why is that?]. Only Georgia spent less per capita.

The same problem that has left the Highway Trust Fund teetering with insolvency [snip]

Go figure. Can you imagine why the Highway Trust Fund is insolvent? Remember, there’s 535 of them all doing the same thing.

is vexing Michigan — people drive less and with more fuel-efficient vehicles while paying per-gallon gas taxes unchanged for two decades. For the last four years, Gov. Rick Snyder and lawmakers have had to divert money from the general fund [snip]

Call it what it is. The diversion or, *stolen* money is a replacement, and an additional tax mostly because a Granholm era boob running MDOT is unaccountable for infrastructure spending, and frivolous railroad schemesmore here – among other wasteful nomenclature frills. Seriously, MDOT has been a documented rogue agency since at least 2006 (yes, guess who?), which oddly enough has ample resources for making videos. Try doing that in the private sector and one would be out of business or, fired, and sued for criminal and/or civil damages.

to ensure the state receives its matching federal transportation money because traditional revenue sources — state fuel taxes and vehicle registration taxes — are lower or stagnant.

Registration taxes are drying up? Well, gee, go figure what happens when Lansing’s Republican Majority loots what isn’t theirs. Went after pensions when it wasn’t necessary? Instantly $10,000,000,000+ flew the coop. Broke the 2007, promise by raising the State Income Tax, which they applied to those pensions. Those two raids alone stole money from folks who have decided to put off vehicle purchases, especially, the retirees who got plundered by Snyder. Look, it ain’t the undischargable student loan debt-slave Millennials who have money. Hell, they can’t even figure out that when borrowing for higher education it effects tuition rates to rise (another cluster**** conversation for another time).

Back on-point.

You Betcha! (38)Nuh Uh.(0)