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21 - 40 of 115 Comments Last updated Apr 12, 2013
NotgonnaNope

Horseshoe Bend, AR

#21 Mar 14, 2013
Not going to vote for ANY tax! Not now, not tomorrow, not the next day either! How stupid can anyone possibly be to spend 7.5 million on a sports complex! Beyond belief!
curmudeon

Ash Flat, AR

#22 Mar 14, 2013
Payup wrote:
Cur, Tack.....
I appreciate both of you and your larger perspectives. But, back to the local side of things....
Can anyone tell me how many people are estimated to use the complex? Does anyone else question this? Where are the revenue projections?
Oh, NOW I get it.... All the FINANCIAL planning has been done based on TAX revenue, with absolutely ZERO THOUGHT as to how a business works. Let's ask ourselves a question... If the 7.5 million were yours, would YOU loan it to the city council?
good question. Nope Iwouldnt lend a dime. i think its a luxury that a small town like poky cant afford. But the GOBS will get their way there is really nothing anyone can do to make those in charge fiscally responsible.
guest

Mountain Home, AR

#23 Mar 14, 2013
curmudeon wrote:
<quoted text> good question. Nope Iwouldnt lend a dime. i think its a luxury that a small town like poky cant afford. But the GOBS will get their way there is really nothing anyone can do to make those in charge fiscally responsible.
one way vote them out of office
Sweet Candy

Jonesboro, AR

#24 Mar 14, 2013
NotgonnaNope wrote:
Not going to vote for ANY tax! Not now, not tomorrow, not the next day either! How stupid can anyone possibly be to spend 7.5 million on a sports complex! Beyond belief!
Just sit back and watch and learn. You are going to get a big surprise! Not bitter sweet! Hell fire a 1 cent isn't going to Hirt you!
Copy Cat

Jonesboro, AR

#25 Mar 14, 2013
My family and I voting YES! It's been needed for a long time! We are willing to see that hamburger tax go away!!! Known as a the 2% tax. Change out to a 1 cent tax then drop to a 1\2 cent. No problem with me pass the tax.
curmudeon

Ash Flat, AR

#26 Mar 14, 2013
guest wrote:
<quoted text>
one way vote them out of office
Its almost impossible to vote them out. Heck many of them dont ever draw a opponet. and if they are voted out you just get another yes man. But even if you could get perfect local politicians it wont matter much. The federal goverment is so messed up and the USA deep in debt & in decline a economic collapse is going to happen. A nation cannott borrow and spend its way to prosperity.
curmudeon

Ash Flat, AR

#27 Mar 14, 2013

Judged:
1
1
1
Is "discretionary income" rapidly becoming a thing of the past for most American families? Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought. Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans have more credit card debt than money in the bank. Considering the fact that consumer spending is such a large percentage of the U.S. economy, that is very bad news. How will we ever have a sustained economic recovery if consumers don't have much money to spend? Well, the truth is that we aren't ever going to have a sustained economic recovery. In fact, this debt-fueled bubble of false hope that we are experiencing right now is as good as things are going to get. Things are going to go downhill from here, and if you think that consumer spending is bad now, just wait until you see what happens over the next several years.
Even though the Dow is surging toward a record high right now, everyone knows that things are not good for the middle class. A recent quote from CPA Howard Dvorkin kind of summarizes our current state of affairs very nicely...
"The fact of the matter is that America is broke — whether it's mortgages, student loans or credit cards, we are broke. The old rule of thumb is that people should have six months' of savings," Dvorkin says."If you talk to people, most don't have two pennies."
These days most Americans are living from paycheck to paycheck, and thanks to rising prices and rising taxes, those paychecks are getting squeezed tighter and tighter. Many families have had to cut back on unnecessary expenses, and some families no longer have any discretionary income at all.
The following are 16 signs that the middle class is rapidly running out of money...
#1 According to one brand new survey, 24 percent of all Americans have more credit card debt than money in the bank.
#2 J.C. Penney was once an unstoppable retail powerhouse, but now J.C. Penney has just posted its lowest annual retail sales in more than 20 years...
J.C. Penney Co.(JCP) slid the most in more than three decades after the department-store chain lost $4.3 billion in sales in the first year of Chief Executive Officer Ron Johnson’s turnaround plan.
The shares fell 18 percent to $17.40 at 11:28 a.m. in New York after earlier declining 22 percent, the biggest intraday drop since at least 1980, according to data compiled by Bloomberg. J.C. Penney yesterday said its net loss in the quarter ended Feb. 2 widened to $552 million from $87 million a year earlier. The Plano, Texas-based retailer’s annual revenue slid 25 percent to $13 billion, the lowest since at least 1987.
How much worse can things get? At this point the decline has become so steep for J.C. Penney that Jim Cramer of CNBC is declaring that they are in "a true tailspin".
#3 In the United States today, a new car has become out of reach for most middle class Americans according to the 2013 Car Affordability Study...
Looking to buy a new car, truck or crossover? You may find it more difficult to stretch the household budget than you expected, according to a new study that finds median-income families in only one major U.S. city actually can afford the typical new vehicle.
The typical new vehicle is now more expensive than ever, averaging $30,500 in 2012, according to TrueCar.com data, and heading up again as makers curb the incentives that helped make their products more affordable during the recession when they were desperate for sales. According to the 2013 Car Affordability Study by Interest.com , only in Washington could the typical household swing the payments, the median income there running $86,680 a year.
#4 The founder of Subway Restaurants, Fred Deluca, says that the recent tax increases are having a noticeable impact on his business...
curmudeon

Ash Flat, AR

#28 Mar 14, 2013



#4 The founder of Subway Restaurants, Fred Deluca, says that the recent tax increases are having a noticeable impact on his business...

"The payroll tax is affecting sales. It's causing sales declines," he said, estimating a decline of about 2 percentage points off sales at his restaurants. "There are a lot of pressures on consumers," Deluca said, adding "I think this is on the permanent side, but I think business will adjust to it."

#5 Many other large restaurant chains are also struggling in this tough economic environment...

Darden Restaurants, which owns the casual dining chains Oliver Garden, LongHorn Steakhouse and Red Lobster, said blended same-store sales at its three eateries would be 4.5 percent lower during its fiscal third quarter.

Clarence Otis, Darden's chairman and chief executive, said that "while results midway through the third quarter were encouraging, there were difficult macro-economic headwinds during the last month of the quarter."

"Two of the most prominent were increased payroll taxes and rising gasoline prices, which together put meaningful pressure on the discretionary purchasing power of our guests," he added.

#6 The CFO of Family Dollar recently admitted to CNBC that this is a "challenging time" because of reduced consumer spending...

At Family Dollar where the average customer makes less than $40,000 a year, the combination of a two-percent hike in the payroll tax, rising gas prices and delayed tax refunds has created a "challenging time and an uncertain time for the consumer right now," said Mary Winston, the company's chief financial officer.

"In our case, anything that takes money out of our customer's wallet gives them less money to spend in our stores," she told CNBC. "So I think all of those things create nervousness for the consumer, and I think there are sometimes political dynamics going on that they might not even fully understand the details, but they know it's not good."

#7 Even Wal-Mart is really struggling right now. According to a recent Bloomberg article, Wal-Mart is struggling "to restock store shelves as U.S. sales slump"...

Evelin Cruz, a department manager at the Wal-Mart Supercenter in Pico Rivera, California, said Simon’s comments from the officers’ meeting were “dead on.”

“There are gaps where merchandise is missing,” Cruz said in a telephone interview.“We are not talking about a couple of empty shelves. This is throughout the store in every store. Some places look like they’re going out of business.”

This all comes on the heels of an internal Wal-Mart memo that was leaked to the press earlier this month that described February sales as a "total disaster".

#8 Electronics retailer Best Buy continues to struggle mightily. Best Buy just announced that it will be eliminating 400 jobs at its headquarters in Richfield, Minnesota.

#9 It is being projected that many of the largest retail chains in America, including Best Buy, will close down hundreds of stores during 2013. The following is a list of projected store closings for 2013 that I included in a previous article...

Best Buy

Forecast store closings: 200 to 250

Sears Holding Corp.

Forecast store closings: Kmart 175 to 225, Sears 100 to 125

J.C. Penney

Forecast store closings: 300 to 350

Office Depot

Forecast store closings: 125 to 150

Barnes & Noble

Forecast store closings: 190 to 240, per company comments

Gamestop

Forecast store closings: 500 to 600

OfficeMax

Forecast store closings: 150 to 175

RadioShack

Forecast store closings: 450 to 550

#10 Another sign that consumer spending is slowing down is the fact that less stuff is being moved around in our economy. As I have mentioned previously, freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.
curmudeon

Ash Flat, AR

#29 Mar 14, 2013
#10 Another sign that consumer spending is slowing down is the fact that less stuff is being moved around in our economy. As I have mentioned previously, freight shipment volumes have hit their lowest level in two years, and freight expenditures have gone negative for the first time since the last recession.

#11 Many young adults have no discretionary income to spend because they are absolutely drowning in student loan debt. According to the New York Federal Reserve, student loan debt nearly tripled between 2004 and 2012.

#12 The student loan delinquency rate in the United States is now at an all-time high. It is only a matter of time before the student loan debt bubble bursts.

#13 Due to a lack of jobs and high levels of debt, poverty among young adults in America is absolutely exploding. Today, U.S. families that have a head of household that is under the age of 30 have a poverty rate of 37 percent.

#14 According to one recent survey, 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.

#15 Median household income in the United States has fallen for four consecutive years. Overall, it has declined by more than $4000 during that time span.

#16 According to the U.S. Census Bureau, the middle class is currently taking home a smaller share of the overall income pie than has ever been recorded before.

Are you starting to get the picture?

Retailers are desperate for sales, but you can't squeeze blood out of a rock.

For much more on how the middle class is absolutely drowning in debt, please see this article: "Money Is A Form Of Social Control And Most Americans Are Debt Slaves".

But if you listen to the mainstream media, they would have you believe that happy days are here again.

Right now, everyone seems to be quite giddy about the fact that the Dow is marching toward an all-time high. And I actually do believe that the Dow will blow right past it. In fact, it is even possible that we could see the Dow hit 15,000 before everything starts falling apart.

But at some point, the financial markets will catch up with economic reality. It is just a matter of time.

In the meanwhile, those that are wise are taking advantage of these times of plenty to prepare for the great economic drought that is coming.

Don't be caught living paycheck to paycheck and totally unprepared when the next wave of the economic collapse strikes. Anyone that believes that this debt-fueled bubble of false hope can last indefinitely is just being delusional.
Payup

Broken Arrow, OK

#30 Mar 14, 2013
Copy Cat wrote:
My family and I voting YES! It's been needed for a long time! We are willing to see that hamburger tax go away!!! Known as a the 2% tax. Change out to a 1 cent tax then drop to a 1\2 cent. No problem with me pass the tax.
Good to hear a response from pool supporters. Can you answer my questions? Have you heard ANYTHING that indicates the council runs this project in a fiscally responsible manner? No. Do yoy havve any idea how much revenue the complex will generate? I doubt it. There will be income, and where will it go? Nothing says it will reduce principal, or help pay for expenses. It will vanish down the maw of the ever needy city budget.
Better be careful, this is a big gamble.
Local

Mountain Home, AR

#31 Mar 15, 2013
Copy Cat wrote:
My family and I voting YES! It's been needed for a long time! We are willing to see that hamburger tax go away!!! Known as a the 2% tax. Change out to a 1 cent tax then drop to a 1\2 cent. No problem with me pass the tax.
Instead of 2% tax when you eat out it will be 1% tax on everything. Unless you eat out three times a day you're going in the hole.
Bill

Jonesboro, AR

#32 Mar 15, 2013
curmudeon wrote:
<quoted text> Its almost impossible to vote them out. Heck many of them dont ever draw a opponet. and if they are voted out you just get another yes man. But even if you could get perfect local politicians it wont matter much. The federal goverment is so messed up and the USA deep in debt & in decline a economic collapse is going to happen. A nation cannott borrow and spend its way to prosperity.
if you don't like it, than move or run for office! Plan and simple!
churmudgeon

Ash Flat, AR

#33 Mar 15, 2013
Bill wrote:
<quoted text> if you don't like it, than move or run for office! Plan and simple!
I have moved. I no longer live in randolph county. I still own real estate there. If I could find a buyer and figure a legal way to avoid paying a big amount of capital gains tax I wouldnt own it anymore.
guest

Mountain Home, AR

#34 Mar 15, 2013
churmudgeon wrote:
<quoted text> I have moved. I no longer live in randolph county. I still own real estate there. If I could find a buyer and figure a legal way to avoid paying a big amount of capital gains tax I wouldnt own it anymore.
You see you confused the masses with all the great information you supplied above, people don't want to be given info because it hurts their head. Its better to believe everything is ok and things couldn't be better. Trust me its going to hit the fan big time before long and most people will fold over in shock.
churmudgeon

Ash Flat, AR

#35 Mar 15, 2013
guest wrote:
<quoted text>
You see you confused the masses with all the great information you supplied above, people don't want to be given info because it hurts their head. Its better to believe everything is ok and things couldn't be better. Trust me its going to hit the fan big time before long and most people will fold over in shock.
I really do hope im wrong. Im pretty shure we are on the brink of world wide economic collapse. Then add all the wars and civil unrest that will ensue because of the economic collapse. Then to top it off the clatyclismic earth change events events will continue. Its very hard for me to be a optimistic pollyanna and believe everything is gonna be just wonderful. The media you watch on TV dont give folks the straight up info. They spin the facts to support the status quoe. They have convinced the populace that their is a real difference between republicans & democrats. Its the liberal slant that republican = bad and Democrat = good and the wealthy are all bad and have more than their fair share. When the fact is the democrats & republicans in congress are the bad wealthy and democrat + republican = bad political parasite.
not really

Ash Flat, AR

#36 Mar 15, 2013
Local wrote:
I can't believe they are even thinking about a seven and a half million water park! Jobs are leaving Pocahontas every year and they are building water parks? We have elected morons to the city council!
"We have elected morons to the city council!"

STOP INSULTING MORONS BY COMPARING THEM TO THE CITY COUNCIL!!!

morons usually can't help it, are born that way, or are uneducated.

the council has studied this, planned it, approved it, but should simply know better.

they just don't care and are doing what most politicians do.
dream BIG, tax and spend, waste our money, look and talk down to us from their high position.

they just have to do something and wrongly believe it justifies their pay and existance. they do stupid stuff because they can
and we continue to allow it. time to remind em who is in charge.
churmudgeon

Ash Flat, AR

#37 Mar 15, 2013
not really wrote:
<quoted text>
"We have elected morons to the city council!"
STOP INSULTING MORONS BY COMPARING THEM TO THE CITY COUNCIL!!!
morons usually can't help it, are born that way, or are uneducated.
the council has studied this, planned it, approved it, but should simply know better.
they just don't care and are doing what most politicians do.
dream BIG, tax and spend, waste our money, look and talk down to us from their high position.
they just have to do something and wrongly believe it justifies their pay and existance. they do stupid stuff because they can
and we continue to allow it. time to remind em who is in charge.
Im still laughing!!! couldnt have stated it better myself. I can just see then sitting around deciding lets do something? Even if its wrong we gotta do sumpthin! Then they decide of some hair braned scheme and pat each other on the back.
yep

Ash Flat, AR

#38 Mar 15, 2013
you'd think they would try and show a little humility and common sense after the franchise defeat.

instead, we got arrogance and know it all-ism.

they very obviously don't care about what the people think.

time to piss on their $7.5 million cadillac wet dream during these hard times.

we must knock em up side the head again and replace em asap.
BridgeWatcher

Ash Flat, AR

#39 Mar 15, 2013
There was a comment about the holes in the Black River Bridge in pokey. Well, Heres the truth about that subject.... never seen a comment about this yet. The holes in the bridge are not the city's work to do..its the state road dept. but heres a good point to think about... the bridge in Poky that crosses the Black River has the same weight limit on it as the one in Black Rock does right now...33 tons...why are they builing a new bridge there...but this one is ok? i think theres a snake in the wood pile. the main reason they are not stopping trucks for using it is that would shut down ALL trucks in this area for miles and miles. if you dont think theres a weight limit the same...just cross it look just as you go on it...33 ton limit...now why?
guest

Mountain Home, AR

#40 Mar 15, 2013
they can't even fund the street dept. 1% on everything bought in city limits of pocahontas.

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