Tuesday, March 19, 2013

U City School's Prop U: Where has all the money gone?

For U City residents, there will be a proposition on April's ballot which, if passed, will allow the district to borrow 19 million for improvements and repairs. Prop U will provide funds for "facility upgrades and needed repairs." However, why should citizens allow a school district that let it's buildings deteriorate borrow millions of dollars? Further, University City citizens have had to increase their property tax payments to the District 7% every year since 1996. During this time inflation has only increased 2½% annually and enrollment has declined. The district should make an accounting of increased payments before being allowed to put taxpayers on the hook for another 19 million dollars.

Wednesday, April 04, 2012

University City Election Results

April 3rd, 2012

(Vote for ) 1
CAROL WOFSEY . . . . . . . . . 786 - 44.31%
TERRY CROW . . . . . . . . . . 985 - 55.52%
WRITE-IN. . . . . . . . . . . 3 - .17%

(Vote for ) 1
JAN ADAMS . . . . . . . . . . 551 - 44.01%
PAULETTE CARR . . . . . . . . . 697 - 55.67%
WRITE-IN. . . . . . . . . . . 4 - .32%

(Vote for ) 1
ARTHUR SHARPE, JR. . . . . . . . 447 - 97.17%
WRITE-IN. . . . . . . . . . . 13 - 2.83%

Sunday, March 18, 2012

Post Caucus Thoughts

If you go to a caucus with intention of "making a difference" you are too late. This is what those "establishment" people understand and why they are upset. Our elections are sponsored by parties and to make a difference through the political process you have to work though your party. Are you a member of a local political club? Do get involved in your community? Do you go to city or school board meetings? Do you find candidates and support them for these positions. Do you make phone calls for your candidates? Hold coffees for them? Go door to door? Do you run for public office? If your local political party is inactive, what are you doing to change it? Do you go to your local Lincoln Days to meet candidates? Do you go to your state Lincoln Days to meet candidates? These "establishment" people are actually elected to their positions. They work for months to put the caucuses together and put together delegate slates and can only work with people they know. When, you show up at a caucus to make a difference, it is too late.

Univeristy City Candidate Debates

University City will be electing candidates for city council in April. A series of recent debates have been held showcasing candidates for Wards 1 & 2 in University City. Candidates for Ward 1 are Carol Wofsey and incumbent Terry Crow, Candidates for Ward 2 are Jan Adams and Paulette Carr. Major discussion is about the future of University City. Mostly the candidates agree that attracting new business was the order of the day. However, Wofsey thought there should be an emphasis on accounting and systems. Interestingly, candidates Crow, Wofsey and Adams have strong business backgrounds and are very well educated. However, they are all very liberal and by that nature will not be very business friendly. Crow has been on the council for a number of years and has little to show for any real business development in the city. While there are some projects on the books, general leadership an the council has declined. A shining star on the panel was Paulette Carr who had specifics on development and for several years has worked to expose problems with city management.

Friday, February 24, 2012

Cost to operate a Chevy Volt

Eric Bolling (Fox Business Channel's "Follow the Money") test drove the Chevy Volt at the invitation of General Motors.

For four days in a row, the fully charged battery lasted only 25 miles before the Volt switched to the reserve gasoline engine.

Eric calculated the car got 30 mpg including the 25 miles it ran on the battery. So, the range including the 9 gallon gas tank and the 16 kwh battery is approximately 270 miles. It will take you 4 1/2 hours to drive 270 miles at 60 mph. Then add 10 hours to charge the battery and you have a total trip time of 14.5 hours. In a typical road trip your average speed (including charging time) would be 20 mph.

According to General Motors, the Volt battery hold 16 kwh of electricity. It takes a full 10 hours to charge a drained battery.

The cost for the electricity to charge the Volt is never mentioned so I looked up what I pay for electricity.

I pay approximately (it varies with amount used and the seasons) $1.16 per kwh.

16 kwh x $1.16 per kwh = $18.56 to charge the battery.

$18.56 per charge divided by 25 miles = $0.74 per mile to operate the Volt using the battery.

Compare this to a similar size car with a gasoline engine only that gets 32 mpg.

$3.19 per gallon divided by 32 mpg = $0.10 per mile.

The gasoline powered car cost about $15,000 while the Volt costs $46,000.........

So Government wants us to pay 3 times as much, for a car that costs more that 7 times as much to run, and takes 3 times longer to drive across country.....and, as an incentive to buy this lemon, Obama's proposed budget offers a $10,000.00 tax rebate to volt purchasers...... REALLY ?

Thursday, December 22, 2011

How Missouri Republican Caucuses will work

With Missouri Republicans returning to the caucus system, there are a lot of questions about how they will work. STLToday has published a FAQ provided my the Missouri GOP:
Q: Who can go to a caucus?
A: Any registered voter in a county who says he or she is a Republican.
Q: Where are caucuses held?
A: One caucus will be held in each of Missouri’s 114 counties and the city of St. Louis at 10 a.m. on March 17.
Read more: http://www.stltoday.com/news/local/govt-and-politics/ae22d26a-7a4d-58c1-86b4-5b2eb4a1fde4.html#ixzz1b40imVlb
Here is more information:
  • The County Caucuses will take place on March 17, 2012. At these caucuses, which are open to any Republican who is registered to vote in that county, attendees will select delegates and alternates to the Congressional District conventions and State Convention. No delegates to the national convention are selected at this time. The number of delegates and alternates per county is determined by the Missouri Republican Party.
  • The Congressional District Conventions will take place on April 21, 2012. At each of these 8 conventions, delegates chosen at the county level will select 3 delegates and alternates to the National Convention and 1 presidential elector. The delegates and alternates will be required to declare allegiance to a candidate prior to the voting, and they will be bound to that candidate on the first ballot—unless they are released prior to the convention.
  • The State Convention will take place on June 2, 2012. At the convention, delegates chosen at the county level will vote on 25 at-large delegates and alternates to the National Convention and 2 at-large presidential electors. The delegates and alternates will be required to declare allegiance to a candidate prior to the voting, and they will be bound to that candidate on the first ballot—unless they are released prior to the convention.
  • In total, Missouri will have 52 delegates and 49 alternates to the Republican National Convention—24 selected at the congressional district caucuses, 25 selected at the state convention, and 1 each for the state Party chairman, national committeeman and national committeewoman. (The final 3 have no alternates.)

Sunday, August 14, 2011

Does This Explain the Downgrade?

By Lee A. PresserPosted on August 8, 2011 at 1:21pm

Did last week’s Congressional debt deal, signed into law on Tuesday, Aug. 2, by President Obama, cause the credit rating agency Standard & Poor's to downgrade America’s AAA rating?
The new law requires a reduction of $1 Trillion in discretionary spending over 10 years and requires the creation of a committee to propose another $1.8 Trillion in spending cuts during that same ten years ($1 Trillion = $1000 Billion).
$1 Trillion divided into 10 years is $100 Billion/year.
$1.8 Trillion divided into 10 years is $180 Billion/year.
Therefore, the deal requires a $280 Billion per year reduction in spending.
Sounds like a lot of money until we look at the following.
This month, the United States government will spend $100 to $150 Billion more than its income. The same thing happened the month before and the month before that and the month before that. Next month, the United States government will spend $100 to $150 Billion more than its income. The same thing will happen the month after that and the month after that and the month after that.
This has been happening every month for quite some time and will continue to happen with no end in sight.
The shortage is 1,200 to 1,800 Billion dollars every year ($1.2 to $1.8 Trillion). (That is what is referred to as the deficit.) Subtract the $280 Billion per year Congress has decided not to spend and we discover our government will still be overspending its income by 920 to 1,520 Billion dollars each year for the next ten years.
Those who think America can tax its way out of this problem should be asked, "Where in the private sector do they expect to find $77 to $127 Billion PER MONTH in additional taxes? (Bill Gates owns a total of $56 Billion and Warren Buffet owns $50 Billion. After taking all of it away from them, where does the Treasury get the money for the next month’s deficit?)
Now you begin to understand why the credit rating agency Standard & Poor's is having trouble recommending American bonds as an exceptionally good loan risk. Exceptionally good loan risk is the meaning of the AAA rating.
To cover the $1200 to $1800 Billion per year shortage ($1.2 to $1.8 Trillion), Timothy Geithner, the Secretary of the U.S. Treasury, regularly issues bonds with you, me, and every other American as a co-signer on the note. To be fair, it should be stated that Secretary Geithner is just another in a long, long line of Treasury Secretaries to be part of that process.
Those of you who have taken a loan for a mortgage, a car, or used your credit card know that loan companies require you to pay interest on the outstanding balance. Interest gets paid first and then if there is any money left it is applied to the principal. The United States government is no exception.
U.S. Treasury debt now exceeds $14,300 Billion ($14.3 trillion). (That is what is referred to as the debt.) Since Oct. 1, 2010, the beginning of Fiscal Year 2011, the U.S. Treasury has paid its creditors $412.5 Billion in interest on that $14.3 Trillion debt. At that rate, by September 30, 2011 (the end of FY 2011) the U.S. Treasury may have paid out $495 Billion of your money in interest to its creditors.
Since Fiscal Year 1988, through the end of July 2011, our government has paid to its creditors $8,179,178,425,358.39 ($8.179 Trillion) in interest.
The larger the debt, the larger the interest cost, the less money we have left to spend on other things.
Before the recent debt law, it was expected that U.S. Treasury debt was going to increase by $10 Trillion over the next ten years to $24.3 Trillion. The new law reduces that increase to $7.2 Trillion over ten years to a total of $21.5 Trillion ($21,500 Billion).
If interest rates remain the same (which is unlikely) annual interest costs on the new total debt will be $744 Billion per year. That is money paid to creditors before the first soldier is paid, before the first bureaucrat is paid, before anything is paid from the tax money you paid IRS.
Does this explain the thought process behind Standard & Poor's decision regarding the AA+ rating on U.S. Bonds?
There is an election next year. America’s future is in your hands.

Lee A. Presser