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22 Responses to “November Ballot - Proposition 4”
  1. american woman on October 16th, 2007 at 7:23 am

    Vote No ……. ok got it. Will do!

  2. Robert 1 on October 16th, 2007 at 7:46 am

    We should all vote “NO” on every bond issue for a couple of years to force government into belt tighting and being more resourceful in funding their “pet” projects.

  3. dowjones25k on October 16th, 2007 at 8:23 am

    ok i’ll vote no but i have a question. is the people recommending this mostly republican or democrat?

  4. bigjolly on October 16th, 2007 at 8:28 am

    dj25k,

    The easiest way to answer that question is:

    House:
    Repubs - 81
    Dems - 69

    Senate:
    Repubs - 20
    Dems - 11

    Lt. Gov:
    Repub

    Gov:
    Repub

  5. Bannable Lecturer on October 16th, 2007 at 9:04 am

    You know, 1 billion in bonds drawn over several years to do capital improvements and to repair capital assets seems to be well - great

    You need to understand this in perspective - this puts the spending controlled as needed by the actual state entities (in other words no pet projects) and does not count towards the 5% cap on spending regardless of inflationary pressures and growth.

    Unfortunately, we do have to repair things in Texas, and Texas I believe has the lowest bond debt of any state and despite bond passages and availability, Perry’s administration has been miserly in drawing down bonds.

    *sigh*

    but lets get the tax cutting fiscally prudent, socially conservative liberal democrats back in power

  6. bigjolly on October 16th, 2007 at 9:07 am

    Eric,

    Is it better to go into debt to repair your car or to pay with cash on hand?

  7. Bannable Lecturer on October 16th, 2007 at 9:08 am

    Also BigJolly,

    The state cannot legally refund sales taxes back to the taxpayers. Its also called an expenditure

    this is what happens when you have a govenor who vetos 2.1 billion in spending already pased and growth adds billions more.

    But refunding (even if it passed the courts) would be an expenditure.

    Surpluses are dangerous in Texas because of caps, democrats, crazy ways of determining spending limits, and the fact that the state is totally obligated by the courts for all local obligations.

    This is what you get when a bunch of inebriated Democrats write a constitution

  8. Bannable Lecturer on October 16th, 2007 at 9:18 am

    BigJolly

    the surplus is like a trust, you have to specially appropriate it in texas and remove something else

    Its like borrowing money from your Parents, they make you give up an equal amount of something else to repair your car

    like Gasoline or insurance

    we had a liberal democrat (Republican) Many names as comptroller - (this is the last of her projections) who always deliberately underprojected growth to force the Republicans into conflict with the local governments and to take unjutified credit for the surplus.

    Now, you can be of two thoughts on this - hey lets have a comptroller who reports half the revenue thats going to be raised, and we have even further spending cuts or can we project it accurately and perhaps give huge property tax relief

    choose the first one (which you are advocating here)

    Then watch your local taxes go through the roof……….

  9. Bannable Lecturer on October 16th, 2007 at 9:21 am

    Its a convoluted system in Texas, the constitution was written as to actually put the projections in the hands of the comptroller who reports to the LBB.

    So really, its the comptroller who controls Texas and Rylander did with an iron fist

    Hence the debt, hence the high property taxes

  10. bigjolly on October 16th, 2007 at 9:26 am

    I really did try to figure out your answer to my question. Do you think it is a good thing to go further into debt to repair your car or to spend the money that is in your pocket?

  11. DanielJames on October 16th, 2007 at 9:27 am

    I thought this story looked familiar. I remember reading it here…

    http://gritsforbreakfast.blogspot.com/2007/10/conservative-group-opposing-prison.html

    cause it was linked here…

    http://talkintexas.com/

    Wheres the hat tip?

  12. duhmoose on October 16th, 2007 at 9:38 am

    Bannable, There is an easy way to fix the refund issue, (which by the way is not what we are talking about here). That is, have the Legislature mandate that State accounting conform to GAP. Then refunds can be categorized as over-payments which do not count as an expense, but as an offset on the Income Statement. As far as the bond issue, if someone is mis-managing the money they have, which it is arguable the State is doing, do you then approve a loan for them?

  13. Bannable Lecturer on October 16th, 2007 at 9:44 am

    BigJolly

    In answer to your question

    You cannot pas that many spending bills on 100’s of small projects without compromise.

    Think about it, do we have 21 republican senators, no.

    Do you think, lets say Dans buddy Whitmire would say “sure Dan I’ll let you vote on a list of needed repairs” without anything from the dems? - no.

    But offer them a billion dollars in debt - they’ll vote for it all the time.

    And it takes the funds out of the hands of future legislators as it is legally binding and the interest only accrues when actually drawn, so the chances of pork being much higher than interest approach absolution.

    In other words why let the dems spend 3.5 billion to repair 920 million dollars worth of infrastructure in Texas

    But thats okay lets vote against it and not fix anything

  14. bigjolly on October 16th, 2007 at 9:47 am

    Eric,

    You do not think that an agency should budget for MO&R?

    Not even addressing unneeded prison building.

  15. Bannable Lecturer on October 16th, 2007 at 9:49 am

    DuhMoose - you hit the problem on the head

    State accounting conforms to GAAP

    Also point out in GAAP the acceptable methodology for forecasting 2 year revenues within the 99% accuracy range that the taxpayer wants taking in the global economy, oil futures, wars, terrorism, political instability and elections?

    Cause it doesn’t exist.

    Its funny, Texas always overprojected revenues forcing tax increases during the 70, 80, 90’s small ones but they were there.

    Then with Perry, even with deliberate underprojections - the state has booming surpluses

    Go figure

  16. Bannable Lecturer on October 16th, 2007 at 9:50 am

    14

    Yep….

  17. Bannable Lecturer on October 16th, 2007 at 9:51 am

    I answered yes BigJolly cause to save the Texans from Dems they have to give a little to save alot.

  18. bigjolly on October 16th, 2007 at 9:58 am

    Daniel,

    Although the thrust of the post was quite different than Scott’s, I did quote and link to his blog about it.

  19. bigjolly on October 16th, 2007 at 10:00 am

    the chances of pork being much higher than interest approach absolution,

    That’s an interesting way to put it. ;-)

  20. dowjones25k on October 16th, 2007 at 10:04 am

    #4 bigjolly i was being sarcastic.

  21. Katfish on October 16th, 2007 at 10:18 am

    What part of “no MAS” do these thieves in Austin not understand?

    Show me some efficiency (even a smidge!)before you ask for one more DIME of my cash!

  22. Gritsforbreakfast on October 16th, 2007 at 12:53 pm

    Jolly, isn’t it 80/70 (R/D) in the House after Kirk England flipped? Of course, your number would be correct for those who passed the budget.

    There was money for all this stuff and more available, just to have mentioned it, but they sunk it into tax cuts. I don’t mind the tax relief, but not paired with massive borrowing schemes. That just means we pay more in the future. They’re taking a lesson from the Washington D.C. Rs - instead of tax and spend, the new mantra is cut taxes and borrow.

    I guess they figure, as John Maynard Keynes said, “In the long run, we’re all dead.”

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