
IS IT TRUE that today is the deadline for filing your state and federal tax returns and always serves as a reminder to the slightly less that 50% of Americans who actually pay income taxes that life in this republic is not free if you work for a living?…despite the large number of taxes collected by our government it almost never seems to be enough to make ends meet?…while the federal deficit has fallen in the last couple of years from the record highs of the post housing bubble economy it is still unacceptably high for a budget that includes nearly no infrastructure improvements or stimulative activities?…the reality right now is that excluding all infrastructure spending which sometimes is justified based on the asset value and tax base it stimulates the United States of America is not able to pay its day to day living expenses without borrowing?…we hope and encourage our elected officials to bring day to day spending into line with revenue and to be prudent in choosing infrastructure projects that are price justified by increasing the revenue stream?…if you haven’t paid the government already then try to do so today and if you can’t file for an extension to do so?
IS IT TRUE speaking of government borrowing one of our more actuarial moles tells us that by the time the underwriting and selling fees are included in the headline numbers associated with the IU Medical School and the downtown convention hotel that the City of Evansville will have to borrow $80 Million to grease the skids with the incentives promised to make these two projects happen?…as we have been advised and as we have advised our readers this $80 Million is just about the absolute maximum that the City of Evansville can borrow without have the underwriters laugh in our face before saying “you must be kidding”?…this combination of buildings had better do for downtown Evansville what the Ford Center, the Centre, the Civic Center, the Library, the Victory, Vectren, the Casino, and ONB have not done which is to stimulate real un-subsidized outside investment?…Mayor Winnecke and his supporters are crossing their fingers and holding a rabbit’s foot that this latest $138 Million will do what the previous $600 Million or so did not?…they have to hope for luck because after this from a general obligation bond perspective the City of Evansville will be challenged to borrow money to buy a dog to walk in an existing park?
IS IT TRUE it has also been pointed out to the CCO that if Mayor Winnecke and the hotel at any price supporters had gotten their way and subsidized HCW with $37.5 Million as the indignantly acted entitled to do, somewhere other than downtown Evansville would be in a state of euphoria about the IU Medical School choosing their site?…but for a handful of people, City Council members, and the City County Observer the hotel deal crafted by the fun and games crowd would have banished the IU Medical School to the suburbs?…the next time some of the dancing downtown darlings see any of us who held Mayor Winnecke’s feet to the fire on the hotel giveaways should sincerely thank us for helping them get everything they wanted?
IS IT TRUE yet another City Council meeting has passed without a resolution to rescind the loan approval they approved under duress for Earthcare Energy LLC?…given the situation with the bond limit the City Council needs to come to grips with the possibility that the Earthcare approval may jeopardize the bond underwriting for the med school and the hotel?…if they let another meeting pass without at least having someone try to rescind this blatant mistake the CCO shall assume that all nine members of the council are believers in Earthcare along with Mayor Winnecke and Debbie Dewey?…that makes the Church of Earthcare a congregation of eleven?…our City Council did vote 8 – 0 last night to take money away from our dilapidated cemeteries?…Councilwoman Stephanie Brinkerhoff-Riley was not in attendance and can’t be blamed for that one?…she is also in our opinion the force behind rescinding the Earthcare deal?…even if the support is not there the CCO encourages someone to bring the Earthcare rescinding opportunity to a vote so the people of Evansville can smoke out exactly who on the City Council are to be held accountable for their ineptness?