Tag Archive for Bond ratings

Cronyism, Elections, Michigan, Proposal 15-1, Rent Seeking, Taxes

Spring is Beginning to Blossom in the Mitten

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Here comes the Boom!

TV-ADSIt’s been a relatively quite week at the gas pump, based on the national average holding at $2.426/gal versus last Monday, but while some motorists are enjoying mild declines, the Great Lakes has taken over what the West Coast saw weeks ago.

Prices are soaring throughout the Great Lakes with big spikes most prevalent in Illinois, where prices have increased an average 29c/gal versus last week. Michigan trails, having risen 25c/gal in a week, while Indiana, Wisconsin, and Ohio have risen 15c, 13c and 12c, respectively. Meanwhile, Kentucky saw an increase of 10c/gal.

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Remember, that’s why: Tis not 1 percentage point – it is a 16.7% Sales Tax Hike – 30% Registration Fee Hike – ultimately a 200% Tax Hike on Fuels

Oh! Ya, and with this “feature“.

You Betcha! (10)Nuh Uh.(1)

Elections, Humor in Michigan, Michigan, Opinion, Proposal 15-1, Rent Seeking, Taxes

Bejebus! Our Proposal 1 inbox is Smoking Hot This Morning

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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.

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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)

Cronyism, Elections, Michigan, Opinion, Proposal 15-1, Rent Seeking, Taxes

Vote yes or you all will D-I-E!!!!!!!!!!!!!!

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That’s the latest narrative for unaccountable MDOT from “Vote Yes” spokesperson governor Snyder.

GasTaxRegistrationFreesHikeGov. Rick Snyder joined Wayne County Executive Warren Evans [see here], Washtenaw County Sheriff John Clayton, Brad Williams of the Detroit Regional Chamber [these guys] and others for a morning press conference at a fire station in Dearborn [allah shazam].

Snyder, holding chunks of a broken road and bridge, reinforced the public safety message that the “Safe Roads Yes” campaign is emphasizing ahead of the May 5 vote.

“Can you imagine one of these coming through your windshield?” the governor said, going on to state that 14 percent of the bridges in Metro Detroit have plywood installed beneath them to catch falling concrete. “Your life is in jeopardy.”

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McLellan_Mac_Cen_Vote_Yes_man-behind-the-scenePathetic. You know what? I’m getting a little sick of the scare tactic bullsh!t coming from Snyder to justify his big spending, and crony contractor friends. Even a party bootlicker like Tom Shields recognizes this is a major backfire, however, milquetoast Willy’s protégé hailing from Ann Arbor, is tone deaf on the matter and I strongly encourage Snyder, along with his Lt. toad to carry on with this “we’re all gonna dieeeeeee” meme. I mean, what’s better than having tax-hike loving Virg Bernero in Prop 1’s corner?

STOP-167Perhaps, commercials showcasing a school bus with a disgruntled AFSCME driver in them? Maybe, some mom who maintains her own life in the very same fashion that MDOT maintains theirs and the squandering of our tax dollars while lying about it?

Remember folks, Prop 1 is a $2,000,000,000 hike with annual tax hike ratchet mechanism on fuel with a whole lotta public sector union payola (everywhere) and fraud embedded into it.

Stop-100Is that how our state constitution should be changed?

I think not.

You Betcha! (27)Nuh Uh.(1)

Cronyism, Detroit, Michigan, Opinion, Rent Seeking, Taxes

“Grand” Bargain the County Edition

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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)