To show my readers how much of a nerd I am, I absorb as much information as possible from my favorite "newspaper" (the Brits call it a newspaper; Americans call it a magazine), The Economist. I was literally saying, "wow" four or five times when hovering my mouse over the world debt that each of these industrialized countries possess --- as a percentage of GDP:
economist.com/blogs/buttonwood/2010/06/indebtedness_after_financial_crisis
We are only headed for implosion in this country. The fiat fat cats and their supporters have nothing to back our "currency" on except thin air and China's promises that they will continue to purchase our debt. It's all a very, very scary situation when one thinks that gold and silver used to be barometers to real "value."
economist.com/blogs/buttonwood/2010/06/indebtedness_after_financial_crisis
When people wrap their mind and brain around just what exactly that "money" is that we work for, slave over, lust over...truly, truly understand what that currency is (it's a debt note, and that's it), then a lot of stress can be aleviated. Still, that doesn't mean we totally ignore it, or refuse to accept, spend, etc. it. Just means we need to re-define what "value" really means.
economist.com/blogs/buttonwood/2010/06/indebtedness_after_financial_crisis
And oh, hey, who do you think the Chinese use as collateral for our debt anyway? I love answering this question when no one asks it (I volunteer this information): us. We are the collateral. Ever wonder why birth certificates and socialist security cards and marriage licenses and all those instruments we must obtain from governments sometimes find their way being traded like credit default swaps on a shadowy market? Well now you know! Because we literally are backed by the full faith and credit of the U.S. taxpayers...
economist.com/blogs/buttonwood/2010/06/indebtedness_after_financial_crisis
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sábado, 26 de junio de 2010
martes, 22 de junio de 2010
Bristol | County Regulations Prohibit Fire Station Getting Water
How ironic and disgusting this must be for those in the unincorporated area of Bristol, near the eastern Ellis County boundary...those in the Emergency Services District (rural fire district) who pay taxes to fund rural fire service cannot get a fire station because county regulations prohibit them from getting water...why are they prohibited, according to Bristol residents, from getting this water? Because the land a new fire station would sit on (or the current one) is not at least 1 acre in size, and therefore, cannot have a septic system.
Let the record show that Bristol resides within Precinct 2. Bill Dodson is the incumbent Republican facing Libertarian Daryl Ray Spence in the fall.
When county regulations prohibit public services necessities such as fire service, it's time to start taking politicians out of office...
Let the record show that Bristol resides within Precinct 2. Bill Dodson is the incumbent Republican facing Libertarian Daryl Ray Spence in the fall.
When county regulations prohibit public services necessities such as fire service, it's time to start taking politicians out of office...
lunes, 21 de junio de 2010
Texas Insurance Commissioner Mike Geeslin Could Stop ObamaCare
Mike Geeslin is from Oak Leaf. He's a Red Oak High School graduate. He's also the Texas insurance commissioner, and a very, very nice guy. In fact, in an interview with him last year I believe it was, you'd be hard pressed to know this guy is a state agency director. He's just real down-to-earth.
But enough of the niceties...this is war. Mike Geeslin could be the key to stopping ObamaCare's mandate in Texas, and wouldn't it be pretty kick ass that Ellis County, Texas had a link in halting it? It's time to bypass the state legislature since they don't want to tackle nullifying this, and bypassing Gov. Rick Perry who doesn't want to reject federal bribe money. And even Attorney General Greg Abbott, we must bypass the courts and implement this stop via the bureaucracy...
And since Obama met recently with state insurance commissioners to talk about implementing the law, and with the advent of the coming HealthCare.gov Web site, the attention squares directly on what we in Texas can do to assist Commissioner Geeslin in his efforts to stop this.
Contact Commissioner Mike Geeslin:
Texas Department of Insurance
Attn: Stop ObamaCare
tdi.state.tx.us/general/org96.html#commissioner
PIO@tdi.state.tx.us
Commissioner's Office
Commissioner of Insurance - Mike Geeslin
Chief of Staff/Senior Associate Commissioner - Karen Phillips
General Counsel & Chief Clerk - Gene Jarmon
Internal Audit - Greg Royal, Director
Associate Commissioner for Government Relations - Carol Cates
Commissioner's Ombudsman - Sylvia Myler
Public Information Office - Ben Gonzalez
Executive Services - Laverne Chase
But enough of the niceties...this is war. Mike Geeslin could be the key to stopping ObamaCare's mandate in Texas, and wouldn't it be pretty kick ass that Ellis County, Texas had a link in halting it? It's time to bypass the state legislature since they don't want to tackle nullifying this, and bypassing Gov. Rick Perry who doesn't want to reject federal bribe money. And even Attorney General Greg Abbott, we must bypass the courts and implement this stop via the bureaucracy...
And since Obama met recently with state insurance commissioners to talk about implementing the law, and with the advent of the coming HealthCare.gov Web site, the attention squares directly on what we in Texas can do to assist Commissioner Geeslin in his efforts to stop this.
Contact Commissioner Mike Geeslin:
Texas Department of Insurance
Attn: Stop ObamaCare
tdi.state.tx.us/general/org96.html#commissioner
PIO@tdi.state.tx.us
Commissioner's Office
Commissioner of Insurance - Mike Geeslin
Chief of Staff/Senior Associate Commissioner - Karen Phillips
General Counsel & Chief Clerk - Gene Jarmon
Internal Audit - Greg Royal, Director
Associate Commissioner for Government Relations - Carol Cates
Commissioner's Ombudsman - Sylvia Myler
Public Information Office - Ben Gonzalez
Executive Services - Laverne Chase
lunes, 14 de junio de 2010
Dallas Area Rapid Transit is $5 BILLION in Debt...Ellis County Still Wants DART?
I was rummaging through some of the non-updated KenChambers.net Web site (former Midlothian councilman) when I came across this quote from Dr. Hank Miller, a city councilman in Midlothian currently:
Neither Duff nor I believe we need mass transit in Midlothian, but that is exactly what Duff’s opponent wants for our town. At least that is what he said during the 'Meet the Candidates Night' this week. How much more of a financial burden would that add to each taxpayer in Midlothian?
Mass transit is a great idea. In Paris. But this is Texas, especially with all of the highways and open space we have. Regionally, you cannot master plan or centrally plan economies, let alone mass transit networks. The D.C. Metro system works. A DART light-rail system does not. Glenn Heights is the only Ellis County city to have DART service. It might be pretty popular, who knows, but holding $5 billion in debt on its books makes light-rail in Ellis County a pipe dream.
Dallas Area Rapid Transit Debt
$5,331,079,854
Source: eco2.wordpress.com/2010/06/13/bond-debt-ennis-isd-surpasses-midlothian-isd-in-debt/
Where am I getting that debt figure? The usual place I always do: Texas Bond Review Board and my yearly calculations and compilations of local government debt. Click here: 2009/2010 Fiscal Year Local Government Debt Database
Neither Duff nor I believe we need mass transit in Midlothian, but that is exactly what Duff’s opponent wants for our town. At least that is what he said during the 'Meet the Candidates Night' this week. How much more of a financial burden would that add to each taxpayer in Midlothian?
Mass transit is a great idea. In Paris. But this is Texas, especially with all of the highways and open space we have. Regionally, you cannot master plan or centrally plan economies, let alone mass transit networks. The D.C. Metro system works. A DART light-rail system does not. Glenn Heights is the only Ellis County city to have DART service. It might be pretty popular, who knows, but holding $5 billion in debt on its books makes light-rail in Ellis County a pipe dream.
Dallas Area Rapid Transit Debt
$5,331,079,854
Source: eco2.wordpress.com/2010/06/13/bond-debt-ennis-isd-surpasses-midlothian-isd-in-debt/
Where am I getting that debt figure? The usual place I always do: Texas Bond Review Board and my yearly calculations and compilations of local government debt. Click here: 2009/2010 Fiscal Year Local Government Debt Database
domingo, 13 de junio de 2010
Bond Debt | Ennis ISD Surpasses Midlothian ISD in Debt
Plus a whole bunch of other figures that readers might find enjoyable...and if my math is correct, the debt "is for the children" at the tune of:$9,354 per student (Ennis ISD estimate: 4,500 students) and $6,644 per student (Midlothian ISD estimate: 5,000 students.)
I could be off with the student population figures, but those were used merely as rounded "guestimates." So if we did in fact have 4,500 students in Ennis ISD, their share of that massive debt would be $9,354.
I didn't do all of the taxing entities, but just a sample...the rest my readers can do themselves at brb.state.tx.us --- that's the Texas agency that tracks this debt.
Bond debt figures are in (parentheses)
Figures as of June 13, 2010
Top 3 Highest
1. Red Oak ISD - $1.54/$100 ($235,499,558)
2. Ennis ISD - $1.51/$100 ($420,939,775)
3. Midlothian ISD - $1.39/$100 ($332,206,087)
Top 3 Lowest
1. Milford ISD - $1.18/$100 ($608,030)
2. Italy ISD - $1.241/$100 ($2,396,403)
3. Avalon ISD - $1.246 ($2,141,255)
Ellis County ISD Tax Rate (ABC order)
1. Avalon ISD - $1.24/$100
2. Ennis ISD - $1.51/$100
3. Ferris ISD - $1.27/$100 ($54,217,625)
4. Frost ISD - $1.25/$100 ($1,407,193)
5. Italy ISD - $1.24/$100
6. Maypearl ISD - $1.35/$100 ($30,646,539)
7. Midlothian ISD - $1.39/$100
8. Milford ISD - $1.18/$100
9. Palmer ISD - $1.27/$100 ($7,742,858)
10. Red Oak ISD - $1.54/$100
11. Waxahachie ISD - $1.36/$100 ($262,584,798)
Navarro College Debt (Corsicana, Mexia, Midlothian, Waxahachie)
$44,282,761
The Ellis County Observer & The Palmer Post
Ellis County Property Tax Rates
Top 3 Highest
1. Italy ($0.93 per $100 valuation) ($10,198,682)
2. Venus ($0.82 per $100 valuation) ($3,246,086)
3. Glenn Heights ($0.73 per $100 valuation) ($9,085,395)
Top 3 Lowest
1. Alma (no property tax rate)
2. Bardwell ($0.19 per $100 valuation)
3. Pecan Hill ($0.30 per $100 valuation)
Ellis County Cities Tax Rate (ABC order)
Note: Includes cities with property in Ellis County
1. Bardwell - $0.19/$100
2. Cedar Hill - $0.64/$100
3. Ennis - $0.69/$100
4. Ferris - $0.64/$100
5. Garrett - $0.35/$100
6. Glenn Heights - $0.73/$100
7. Grand Prairie - $0.66/$100
8. Italy - $0.93/$100
9. Mansfield - $0.71/$100
10. Maypearl - $0.68/$100
11. Midlothian - $0.65/$100 ($176,156,797)
12. Milford - $0.50/$100
13. Oak Leaf - $0.35/$100
14. Ovilla - $0.66/$100 ($12,014,418)
15. Palmer - $0.62/$100
16. Pecan Hill - $0.30
17. Red Oak - $0.63/$100
18. Venus - $0.82/$100
19. Waxahachie - $0.61/$100 ($255,742,042)
Ellis County Government Tax Rate
$0.36/$100 ($106,033,943)
Dallas County Government Debt
$175,045,300
Dallas Area Rapid Transit Debt
$5,331,079,854
Emergency Services Districts (1-9)
Note: ESDs provide rural fire service to unincorporated areas; their tax rate
by law is capped at 10 cents per $100 of valuation.
Top 3 Highest
1. ESD No. 8 (Avalon) - $0.10/$100
2. ESD No. 2 (Midlothian) - $0.08/$100
3. ESD No. 1 (Maypearl) - $0.07/$100
The Rest
ESD No. 3 (Italy) - $0.03/$100
ESD No. 4 (Red Oak) - $0.03/$100
ESD No. 5 (Ferris) - $0.03/$100
ESD No. 6 (Waxahachie) - $0.06/$100
ESD No. 7 (Bristol) - $0.03/$100
ESD No. 9 (Palmer) - $0.03/$100
Compiled by Joey G. Dauben/The Ellis County Observer & The Palmer Post
Source: Texas Bond Review Board brb.state.tx.us
I could be off with the student population figures, but those were used merely as rounded "guestimates." So if we did in fact have 4,500 students in Ennis ISD, their share of that massive debt would be $9,354.
I didn't do all of the taxing entities, but just a sample...the rest my readers can do themselves at brb.state.tx.us --- that's the Texas agency that tracks this debt.
Bond debt figures are in (parentheses)
Figures as of June 13, 2010
Top 3 Highest
1. Red Oak ISD - $1.54/$100 ($235,499,558)
2. Ennis ISD - $1.51/$100 ($420,939,775)
3. Midlothian ISD - $1.39/$100 ($332,206,087)
Top 3 Lowest
1. Milford ISD - $1.18/$100 ($608,030)
2. Italy ISD - $1.241/$100 ($2,396,403)
3. Avalon ISD - $1.246 ($2,141,255)
Ellis County ISD Tax Rate (ABC order)
1. Avalon ISD - $1.24/$100
2. Ennis ISD - $1.51/$100
3. Ferris ISD - $1.27/$100 ($54,217,625)
4. Frost ISD - $1.25/$100 ($1,407,193)
5. Italy ISD - $1.24/$100
6. Maypearl ISD - $1.35/$100 ($30,646,539)
7. Midlothian ISD - $1.39/$100
8. Milford ISD - $1.18/$100
9. Palmer ISD - $1.27/$100 ($7,742,858)
10. Red Oak ISD - $1.54/$100
11. Waxahachie ISD - $1.36/$100 ($262,584,798)
Navarro College Debt (Corsicana, Mexia, Midlothian, Waxahachie)
$44,282,761
The Ellis County Observer & The Palmer Post
Ellis County Property Tax Rates
Top 3 Highest
1. Italy ($0.93 per $100 valuation) ($10,198,682)
2. Venus ($0.82 per $100 valuation) ($3,246,086)
3. Glenn Heights ($0.73 per $100 valuation) ($9,085,395)
Top 3 Lowest
1. Alma (no property tax rate)
2. Bardwell ($0.19 per $100 valuation)
3. Pecan Hill ($0.30 per $100 valuation)
Ellis County Cities Tax Rate (ABC order)
Note: Includes cities with property in Ellis County
1. Bardwell - $0.19/$100
2. Cedar Hill - $0.64/$100
3. Ennis - $0.69/$100
4. Ferris - $0.64/$100
5. Garrett - $0.35/$100
6. Glenn Heights - $0.73/$100
7. Grand Prairie - $0.66/$100
8. Italy - $0.93/$100
9. Mansfield - $0.71/$100
10. Maypearl - $0.68/$100
11. Midlothian - $0.65/$100 ($176,156,797)
12. Milford - $0.50/$100
13. Oak Leaf - $0.35/$100
14. Ovilla - $0.66/$100 ($12,014,418)
15. Palmer - $0.62/$100
16. Pecan Hill - $0.30
17. Red Oak - $0.63/$100
18. Venus - $0.82/$100
19. Waxahachie - $0.61/$100 ($255,742,042)
Ellis County Government Tax Rate
$0.36/$100 ($106,033,943)
Dallas County Government Debt
$175,045,300
Dallas Area Rapid Transit Debt
$5,331,079,854
Emergency Services Districts (1-9)
Note: ESDs provide rural fire service to unincorporated areas; their tax rate
by law is capped at 10 cents per $100 of valuation.
Top 3 Highest
1. ESD No. 8 (Avalon) - $0.10/$100
2. ESD No. 2 (Midlothian) - $0.08/$100
3. ESD No. 1 (Maypearl) - $0.07/$100
The Rest
ESD No. 3 (Italy) - $0.03/$100
ESD No. 4 (Red Oak) - $0.03/$100
ESD No. 5 (Ferris) - $0.03/$100
ESD No. 6 (Waxahachie) - $0.06/$100
ESD No. 7 (Bristol) - $0.03/$100
ESD No. 9 (Palmer) - $0.03/$100
Compiled by Joey G. Dauben/The Ellis County Observer & The Palmer Post
Source: Texas Bond Review Board brb.state.tx.us
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