Minnesota House OKs $1 billion capital spending proposal

Full story: TwinCities.com

Hours after Gov. Tim Pawlenty proposed cutting state spending by $825 million to balance the state budget, the Minnesota House voted Monday night to borrow more than $1 billion to finance public works projects.
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41 - 45 of 45 Comments Last updated Feb 17, 2010
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Rational

Saint Paul, MN

#42 Feb 17, 2010
Clueless wrote:
<quoted text>
You still didn't say a thing!!!!! You just babbled for 12 lines
saying absolutely nothing! You wouldn't know a "basic fact" if
it exploded in your shorts; you haven't provided one in the hundreds
of posts you have submitted. You make it up as you go; if I had
said something stupid like "statistical", you would have gone with
the political science version. Just like when I asked you to
clarify your tax question, you wouldn't; or couldn't is probably
more like it.
And the hell I am wrong! That is exactly what those terms
mean in the political science context; there is nothing
"statistical" about them. They are subjective terms, period!!
And all of your progressive web sites you can google doesn't
change that. You don't have a "right" bone in your body!
You are a Kool Aid drinker, Rat, nothing more and nothing
less. You get every thought from your web sites, by your
own admission. Most of the people come and go from these
sites; you seem to be on them 24/7. The only reason I can
answer you in the middle of the night is I work overnights
and can blog all I want when it is quiet. You are borderline
paranoid and a pathalogical liar. That's not a compliment,
and not a criticizm; just an observation, and a professional
one at that. So I will leave you to your Kool Aid and your
web sites. See ya, Rat.
What a toon!
felix

Saint Paul, MN

#43 Feb 17, 2010
Rational wrote:
<quoted text>
Republican hypocrisy about fiscal matters? I agree.
a good start for you, read post # 8. P.S. "YOU" are still retarded
LGA Larry

Minneapolis, MN

#44 Feb 17, 2010
The Pioneer Press released a comprehensive, easy to use database

http://www.twincities.com/dataplanet

listing the salary and other employment data regarding thousands of Minnesota public servants. This searchable database is exactly the kind of tool watchdogs and other interested citizens need to educate not only ourselves but our neighbors with respect just how large and uncontrollable government has become. It's about time the major newspapers did something valuable to contribute to the public discourse regarding the size and scope of government.

One of the shortcomings of the database is that it doesn't cover city

government, but this is still a helpful tool.

(The most recent data is from 2008.)

A sampling of two of the big spenders:

Anoka County has 54 employees who make more than $100,000 in salary, to go along with gold-plated benefits.

Steve Novak, chief lobbyist makes nearly $134,000.

The Anoka County Sherrif's Office alone has 10 employees making more than $100,000.

is it really necessary to pay a cop $100,000?

Is it necessary to pay the guy who runs the recycling operation $101,000?

The County's "application services manager" makes $100,000.

The "director of income maintenance" makes $110,000.

Does the parks and recreation director need $116,000?

Anoka-Hennepin Schools:

The district has 56 employees who make more than $100,000 per year.

The superintendent leads the way at $155,000.

Many of the bureaucrats in the $100,000 grand club are assistant principles. Save some money and eliminate their jobs. Sound far fetched? Just last week, the Wall Street Journal ran an article noting that many of America's most successful companies are eliminating "assistant" executive positions, finding that they offer little value.

With big salaries, Cadillac health plans and defined-benefit retirements, no wonder we're in trouble. It's easy to see that government is fast approaching a day of fiscal reckoning, just like the airlines, the auto makers, and other old-line industries

experienced. Government's labor cost structure is unsustainable, even with big, job-killing tax hikes. Just take a look at California if you want an example of governmental collapse. Even with big tax hikes, major cuts and accounting gimmicks, that state is facing a budget deficit that may equal fully 1/3rd of the total budget.

Recession or not, we have government institutions who are spending money faster than taxpayer ability to pay. At some point Atlas WILL shrug.
oyoboy

Saint Paul, MN

#45 Feb 17, 2010
LGA Larry wrote:
As you would expect, the bill is a $1 billion collection of ear marks, pork, and goodies for the DFL’s favorite constituencies.
Let’s revisit both the reasons why a debt-financed bill isn’t a good idea and the specific pork larded into the DFL versions of their respective bills.
First, the DFL makes the incredible claim that the bonding bill will “stimulate” the economy and put people to work. Please.
How has the Democrat stimulus bill out of the federal government worked out?
We remember when it was claimed that the stimulus bill would keep unemployment below 8%. The White House celebrated this week when unemployment dropped to 9.7%. Wow.
The DFL doesn’t understand that government spending doesn’t create jobs. The government merely takes money out of the private economy and re-circulates it far more inefficiently than the markets ever would. Government money can temporarily put one man to work digging **** and another to fill it, but it can’t create a sustainable job.
Moreover, the DFL keeps braying on about low interest rates as a justification to enact a monstrous,$1 billion bonding bill. Cheap money isn’t free money.
The state is facing an immediate $1.2 billion deficit and a $5 billion deficit in the
next fiscal biennium. When you’re flat broke, even cheap money is out of reach.
Third, the bonding bill is financed by debt. It’s financed by the state
selling debt on the open market just like Washington does. Haven’t we had enough of
this credit-card mentality? Our children and grand children are handcuffed to a
mountain of Chinese financed debt and we just keep digging and digging. Enough is
enough.
Finally, this may be a technical point but it has significant bearing on the
question of “shovel ready” projects. The DFL crows about the need for an early
bonding bill to put people to work. Putting aside all other arguments for a moment, it is
impossible to get projects out the door that quickly.
Remember that a bonding bill doesn’t mean the state loads up a bag of money
and walks out the door to hand it out. Bonds are financial instruments that are
sold in the financial marketplace. They contracts, they are legal documents, and
they are complex. In order to protect the state and ensure a smooth sale, a
complex “due diligence” process is required to satisfy both the state and the marketplace that the bonds are what they purport to be. That process takes many weeks and means that even a bonding bill passed in February or March wouldn’t be ready for market until early summer.
So what kind of “critical” projects are included in the DFL proposals?---
American Indian Learning Resource Center ($6.7 million)
· Bike and hiking trails ($39 million)
· Minnesota Zoo ($32.5 million)
· Rochester volleyball center ($4 million)
· Springbrook Nature Center ($2 million)
· Wirth Park Winter Recreation ($1 million)
· Minneapolis Sculpture Garden ($2 million)
· Dakota County bicycle tunnel ($344,000)
· Old Cedar Avenue bicycle bridge ($2 million)
· Rock Island Park trail development ($1 million)
· Potter Center for the Arts ($7 million)
· African-American Cultural Center ($840,000)
· Mankato Civic Center ($14 million)
· Orchestra Hall ($17 million)
· Rochester Civic Center ($28 million)
· Saint Cloud Civic Center ($15 million)
· Ordway Center ($16 million)
· Asian-Pacific Cultural Center ($7 million)
· Oliver Kelly historic farm ($10 million)
· Moorehead sports complex ($4 million)
· Ice arenas ($2 million)
· Midtown Famers’ Market ($500,000)
· Como Zoo ($11 million)
· Chatfield Arts Center ($2.2 million)
· Arrowhead Sports Complex ($3 million)
· Saint Paul Saints stadium design ($250,000)
The DFL claims they understand the seriousness of the budget crisis. They’re actions suggest otherwise.
Thank you so much for taking the time to write out this well informed helpful post. Have a great day!
foreverskol

Duluth, MN

#46 Feb 17, 2010
LGA Larry wrote:
As you would expect, the bill is a $1 billion collection of ear marks, pork, and goodies for the DFL’s favorite constituencies.
Let’s revisit both the reasons why a debt-financed bill isn’t a good idea and the specific pork larded into the DFL versions of their respective bills.
First, the DFL makes the incredible claim that the bonding bill will “stimulate” the economy and put people to work. Please.
How has the Democrat stimulus bill out of the federal government worked out?
We remember when it was claimed that the stimulus bill would keep unemployment below 8%. The White House celebrated this week when unemployment dropped to 9.7%. Wow.
The DFL doesn’t understand that government spending doesn’t create jobs. The government merely takes money out of the private economy and re-circulates it far more inefficiently than the markets ever would. Government money can temporarily put one man to work digging **** and another to fill it, but it can’t create a sustainable job.
Moreover, the DFL keeps braying on about low interest rates as a justification to enact a monstrous,$1 billion bonding bill. Cheap money isn’t free money.
The state is facing an immediate $1.2 billion deficit and a $5 billion deficit in the
next fiscal biennium. When you’re flat broke, even cheap money is out of reach.
Third, the bonding bill is financed by debt. It’s financed by the state
selling debt on the open market just like Washington does. Haven’t we had enough of
this credit-card mentality? Our children and grand children are handcuffed to a
mountain of Chinese financed debt and we just keep digging and digging. Enough is
enough.
Finally, this may be a technical point but it has significant bearing on the
question of “shovel ready” projects. The DFL crows about the need for an early
bonding bill to put people to work. Putting aside all other arguments for a moment, it is
impossible to get projects out the door that quickly.
Remember that a bonding bill doesn’t mean the state loads up a bag of money
and walks out the door to hand it out. Bonds are financial instruments that are
sold in the financial marketplace. They contracts, they are legal documents, and
they are complex. In order to protect the state and ensure a smooth sale, a
complex “due diligence” process is required to satisfy both the state and the marketplace that the bonds are what they purport to be. That process takes many weeks and means that even a bonding bill passed in February or March wouldn’t be ready for market until early summer.
So what kind of “critical” projects are included in the DFL proposals?---
American Indian Learning Resource Center ($6.7 million)
· Bike and hiking trails ($39 million)
· Minnesota Zoo ($32.5 million)
· Rochester volleyball center ($4 million)
· Springbrook Nature Center ($2 million)
· Wirth Park Winter Recreation ($1 million)
· Minneapolis Sculpture Garden ($2 million)
· Dakota County bicycle tunnel ($344,000)
· Old Cedar Avenue bicycle bridge ($2 million)
· Rock Island Park trail development ($1 million)
· Potter Center for the Arts ($7 million)
· African-American Cultural Center ($840,000)
· Mankato Civic Center ($14 million)
· Orchestra Hall ($17 million)
· Rochester Civic Center ($28 million)
· Saint Cloud Civic Center ($15 million)
· Ordway Center ($16 million)
· Asian-Pacific Cultural Center ($7 million)
· Oliver Kelly historic farm ($10 million)
· Moorehead sports complex ($4 million)
· Ice arenas ($2 million)
· Midtown Famers’ Market ($500,000)
· Como Zoo ($11 million)
· Chatfield Arts Center ($2.2 million)
· Arrowhead Sports Complex ($3 million)
· Saint Paul Saints stadium design ($250,000)
The DFL claims they understand the seriousness of the budget crisis. They’re actions suggest otherwise.
eliminate everything and add a vikes stadium now

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