Archived posting to the Leica Users Group, 2011/03/13
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]On Mar 13, 2011, at 9:19 PM, Jayanand Govindaraj wrote: > take a loan (in the USA a municipal bond) to build a school (it is an > asset, not an expense), and charge the fees required to pay for expenses > and > pay back the bond, just like a business entity will do. If there are > negligible or subsidized fees, then you have to have higher taxes - you > cannot run these things on a deficit indefinitely - in cash flow terms, > this > is called "diversion of funds' or a 'funding mismatch' - it will definitely > lead to bankruptcy at some point. Jayanand, Throughout this discussion we've thrown simple analogies, metaphors, business models, economic formulae and government funding schemes into a strange stew pot. Allow me to clarify: Here in Wisconsin we have moved way beyond balancing budgets, municipal bonds and cash flow terms. For the past three weeks thousands of citizens have stood in the capitol rotunda every day; culminating with between 150 - 300,000 demonstrating in the streets yesterday. 14 honorable democratic senators stood before that throng to receive its expression of gratitude for their strength and courage; while the governor required 6 unmarked police cars to get him to a fund raiser in a norther boarder town with a population of 2,700. In that town between 2,000 and 3,500 citizens greeted him with, "NO!" The governor installed body canners and bag searches in our capitol building for the first time in our state's history. The citizen majority petitions for the recall of 8 republican senators. In my district alone they have acquired 49% of the required signatures within one week's time; with 7 weeks to go. 149,000 have pledged to petition the governor's recall ASAP (January 2012) with 10 months to go in that effort to arrive at 540,000. The citizen minority also petitions for the recall of some of the democratic senators. Though that energy is so low that I can't find who, where or when through google. The people are telling the governor in no uncertain terms, "This is our state. We were here before you got here. We will be here long after you're gone." The governor, and his legislative supporters, respond with no regard for their petitioners. Today we learned that the republican senator from Fond du Lac county lives with his 25 year old mistress, who was a staffer and former lobbyist, in Madison - outside his district - not legal. His former maid signed his recall petition and says his x-wife will too. We're talking about things way beyond budgets here; and in Michigan, Indiana, Iowa, Ohio, Maine, Florida and beyond. These republican governors have overreached; and the labor majority intends to return their governance to that of, for and by the "people." Mark these words, times and places as historically significant. Yesterday was the largest rally for labor in this country's history. Regards, George Lottermoser george at imagist.com http://www.imagist.com http://www.imagist.com/blog http://www.linkedin.com/in/imagist