Three sandwiches shy of a picnic
Their leadership is out in full force today in their mouthpiece organ, Greenwich Time.
Bob Horton wants a pool, and wants you to pay for it.
Jonathan Perloe (says here he’s a member of the Democrat Town Committee) wants mandatory registration of all guns (a prelude to confiscation) a ban on really, really huge cartridge magazines, like ten, a ban on “guns that look like they’re real machine guns but aren’t” and who knows what else – I assume he’s a stalking horse for that other Democrat group, Connecticut Action Against Gun Violence which seeks confiscation of all weapons. All this would be as useful and as painless, Perloe claims, as the TSA security checks at airports.
Bill Gaston, identified as Francis Fudrucker’s butt boy (technically, he’s in charge of vice) sees interest rates currently running below the official inflation rate and cries, “free money, forever!” He advocates spending like mad now and ten years down the road, when interest rates have fallen still farther to negative 5%, we can borrow more.
This is what passes for financial sophistication among Greenwich Democrats:
….[C] onsider that current interest rates are below the rate of inflation. This means we can borrow right now at a negative real interest rate! The market will pay us to borrow money! We can pay back the principal on the loan ten years hence, when our economy will be richer and the burden of paying back the loan will be lessened. What’s not to like about the borrowing option?
So, profligate spending, destruction of constitutional rights and a display of economic ignorance that would shame a Head Start pupil. Pretty good work for just one day.
Of course, the leader of their party, President Obama, sets the gold standard for such new and varied achievements.
When will they get off the damn pool already! What a waste…
Why not sell capital appreciation bonds that pay no interest now and push everything off into the future when we can pay with inflated dollars? Look how that has worked out for all of the California school districts who did exactly that and now owe bondholders billions of dollars in the future.
http://www.nytimes.com/2013/02/10/us/10schools.html?_r=0
Sounds like the new money sages on the boards of Brunsick and GA who thought they were smarter than the market, They borrowed to bloat the endowment. It has been a bad call.
Brunswick bond deal was done 10 years ago and just refinanced to lower interest rates. I was sad to see those old 5% tax-exempt coupon bonds leave my portfolio.
I think they should name the Byram pool after Manny Ramirez. After all, the only people who will be going to the pool will be the illegal immigrant scammers from Byram and Port Chester. Who better than an infamous steroid cheat to represent the overflowing population of non English speaking illegal entrants?
Not sure I follow your analogy but what the heck – better than the Dot Blanche Institute for Wetbacks, I suppose.
Manny Ramirez is an American, and you’re an asshole.
How about financing the pool with 0 coupon bonds with no maturity?
Name a single project idea the town Dumbocrats haven’t backed. Just like the school children ‘deserve’ the $40m auditorium, it’s an ‘outrage’ to see the state of disrepair of Byram pool. People, it’s open 3 months a year and will have systemic disrepair from hurricanes which will require millions more of maintenance. Bought a cheaper house in a low-lying are? No worries, the Dumbocrats think you deserve better drainage at the taxpayers expense. Let’s spend a few hundred thousand on a study….again.
Why doesn’t Bob Horton’s byline list the BET and Democrat Town Committee members who feed him most of the BS he writes. Apparently Horton’s style of ‘journalism’ requires no basic fact checking which might inconveniently dispute his salient points.
To be fair, Bob’s columns are filled with direct quotes, from people he personally called and spoke with. His problem, from my perspective, is that he doesn’t learn anything from the possession of facts (I believe he’d disagree with this assessment, but heck, he has an opinion and so do I).
Of course, anyone who takes their cues from Atlas Shrugs sure hasn’t learned a whit about the possession of facts.