Tuesday, August 14, 2018

Harris County Flood Bond - Vote NO!

I know I am going to get some people mad at me, but every word I say here is the TRUTH. We do not need any stinkin' bonds. This is yet another government tax and spend scam. Please hear me out.

Early voting started Aug. 8 for the $2.5 billion bond referendum proposed to fund the Harris County Flood Control District projects for flood prevention. Early voting continues through Aug. 21, and election day is Aug. 25. I get it, we need money for infrastructure improvements - no argument at all.

First question -Did the state ask and developers to contribute money?? Are they off the hook for overbuilding in many areas???

Second question - based on FACTS - see this website - https://comptroller.texas.gov/economy/fiscal-notes/2016/september/rainy-day.php The state’s ESF balance at the close of fiscal 2016 was $9.7 billion. According to a recent study by the National Association of State Budget Officers (NASBO), that’s equivalent to about 18 percent of Texas’ annual general revenue expenditures, nearly three times more than a nationwide average of 6.5 percent among states with similar funds. If the 2017 legislative session doesn’t tap the rainy day fund, it should contain about $10.3 billion by the end of fiscal 2017 and $11.9 billion at the end of fiscal 2019. We need $2.5 Billion - we have $10 billion in the BANK!! Texas has the "Rainy day fund." It rained for one solid week, I was here along with all of you.

Second question - Why do they insist on taxing us when we have cash in the bank?? HELLO - it's called a RAINY day fund - what do you think a flood is? The argument about matching federal funds is another scam. Those "matching funds' are just more of our tax dollars. Where does the federal gov't get it's money - from us! Are we such sheeple that we just believe everything the politicians tell us and blindly agree to tax us more - the money is already in the BANK - all Texas has to do is spend it now. We don't need any bond issues.

A third point - according to the latest federal spending numbers - the feds collected record revenues from taxes - BUT they also continued to run a $683.9 BILLION DEFICIT! We do not have the money - those matching funds are just another excuse for tax and spend policies. They say it won't increase taxes - hmm, not buying it. It will 100% increase LIABILITIES! and federal DEFICIT Spending. We can avoid the whole scam by just saying NO and forcing the governor to spend the money Texans already have in the bank. NO DEBT, NO INTEREST, No future obligations for our children.. Too simple?

I want to be the (only??) adult in the room that says we don't have the money - but Texas already does. And it won't cost us a penny!! There are only two kinds of money - Money in the bank - called an asset - and money loaned under debt - called a liability. We are not being wise here - we have assets to use, so why are the politicians wanting more liabilities? easy - They want to keep the "rainy day fund" to fund political PORK projects like business incubators! Enough already! Private business doesn't need government "help". Neither do we Texans.. Vote NO on this bond and force the politicians to spend the money in the bank - for its original purpose.

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