Historical happenings

7/7/1777 ~ American Revolutionary War: Battle of Hubbardton

7/7/1802 ~ 1st comic book “The Wasp” is published

7/7/1898 ~ US President McKinley signs the Organic Act to annex Hawaii

Dead broke Watermelons

With all this changing climate, one would believe we would need all the wool we could get for cold weather gear, what with the arctic ice growing and Greenland being not so green.

Instead we’re being fleeced badly and left on the outside of the cozy Watermelon Redistribution Clubhouse of the Climate Change Socio-Marxist Group. Now badly are we taken? This badly:

With President forgoing our loitering in that idiot Paris Accord, we just folded our money and put it back in our pocket. Let those other freeloaders front the loot if they’re so worries about the Planet.
As the President says:

Big Spenders

Vermont’s Progressives, as broke as they are, have eyes bigger than their bank accounts. Nothing new here, move along. You’ve seen wrecks like this before., move along.

Editor’s note: This is Part 2 of the Vermont Affordable Housing Series.

 

 

 

 

Former state auditor questions $35 million housing program

Former State Auditor Randy Brock may have distanced himself from Vermont’s political scene since his unsuccessful 2016 run for lieutenant governor, but that doesn’t mean he’s not following what’s going on financially under Montpelier’s Golden Dome.

Brock has been studying fellow Republican Gov. Phil Scott’s proposed $35 million bond for affordable housing, and he has concerns about how state officials will be able to sustain the funding.

Earlier this year, the governor, along with officials at the Agency of Commerce and Community Development, began trumpeting S.100 as a neat way to employ 1,000 workers, build 500 additional housing units, house 1,000 residents and create $100 million in new construction and renovation projects statewide. Scott champions the plan since it helps meet his first-term agenda goals: create jobs, grow the economy and protect the state’s vulnerable citizens.

In addition, many Vermont mayors, town managers and community leaders are on board with the plan. In a letter sent to Scott and House and Senate leaders last month, a coalition of seven mayors gave their full-throated endorsement. [snip]

All well and good so far. But Brock cautions that there’s a red flag that few Vermont legislators and those in the affordable housing sector care to mention. This red flag is hidden within the state’s financial statements, according to the former state auditor.

“These housing loans can be made at low or no interest,” he said. “Often they are set up to have a balloon payment at the end of the period, say 10 years, 20 years, whatever.

“So, just to use a simple example to illustrate, you have payments being made of $100,000 in 2017, $150,000 in 2018, $100,000 in 2019, $200,000 in 2020 and then $200 million in the years following! So, next to nothing is being paid on an ongoing basis, and then repayments are being pushed out into the future.”

Brock said that when a loan maturity occurs, the conservation board extends it for another 10 or 20 years.

“The money is never going to be paid back — that’s the red flag,” Brock said. [snip]

“The 2011 report concluded an ‘extraordinary record of achievement’ and we should leave well enough alone,” Brock said. “The housing agencies even defended this practice that repayment wasn’t required, and that you make it more affordable when people don’t have to repay their mortgages.”

Scott’s $35 million approach this year has a fundamental difference from the past, however: it includes a funding source. The money lent by the state will be repaid through tax revenues.

“That’s an important difference, but a concern remains: what about the underlying mortgages? Will the bond get paid?” Brock asks with more than a hint of doubt. [snip]

“If you want a truly sustainable program, you have to put out mortgages that actually get repaid, and then you use the repayments to fund more affordable housing. But when it isn’t being repaid you have to go out and do (another) $35 million housing bond to build more stuff.”

In a Progressive milieu such as Vermont, no thought to paying back such programs is ever considered. If one thinks this statement is in error, please explain the debacle of Vermont’s heath care program, the State’s under and unfunded programs and the various pensions.
All of which are FEEL GOOD, are we not so sensitive to the proles needs and so caring.

Political Speak

Some fools can’t tell the difference between their utterances and their connections to the past turkeys espousing the same nonsense.

Can you tell the difference twixt the above and this clown carrying on like his predecessors? We can’t and I lived in Vermont while he, as Mayor, destroyed the economy of Burlington, Vermont.

Parsing in Vermont, the Proggy way

One might ask Governor Scott just what oath he took when he was sworn into office. It seems to us here at Loon Watch, that oaths taken by public officials usually contain such words as uphold the law, follow the Constitution and other niceties like not breach the public trust and not commit misdemeanors.

We haven’t found any wording allowing for upholding only those laws found in favor. Strange that the people writing the Constitutions both State(s) and US didn’t put in that wording. Guess they weren’t Progressives.

From Vermont Watchdog:

Speaking at a press conference Thursday, Republican Gov. Phil Scott said he would consider deporting some criminal aliens residing in Vermont illegally.

The statement represents a modest change in the governor’s approach to illegal immigration, which has been at odds with the Trump administration’s policy and executive orders.

 HERE is the full posting from:

More excerpts from the article follow:

On March 28, Scott signed into law S.79 , a bill crafted to shield illegal immigrants from “compulsory collection of personally identifying information, or dissemination of that information for purposes of establishing a mandatory federal registry or database.”

Immigration experts have told Watchdog that concealing data about illegal immigrants could cause Vermont to lose federal dollars it receives to support a variety of programs, including law enforcement. [snip]

Vermont Watchdog has reported that among the characteristics the state wants hidden from federal immigration enforcement officers are immigration status, national origin, religion, race and color. But, following Scott’s statement on Thursday, it is uncertain how deportation in Vermont can occur without some state officials revealing the status of criminal immigrants in contradiction to the spirit of S.79.

Sunday Toon

Observations

Given that the EPA wants to control just about every aspect of your life, We here at Vermont Loon Watch believe they should have the best tools available at the lowest cost to the American taxpayer.
For water test kits, each field water sampling engineer needs to be supplied with the finest assortment of Flavor Straws.

Let them slurp and suck the pond and river waters to their hearts content and arriving back at the lab, they can give a first hand report on water quality. If necessary, an emesis bag for sample collecting can be made part of the kit.
Since all these individuals claim to be scientists, we doubt it necessary to remind them to keep their shot records up to date; Typhus, Typhoid, Cholera are important. Amoebic dysentery giardia, a variety of parasitic worms and some more of the rarer types should be noted as possible infections. There are prophylactics for most of these, be aware and be safe. We don’t want anything to happen to our EPA staffers.

All new employees of the EPA shall be required to start their EPA careers in the water quality section. After five years of genuine field work, they will advance to standing and occasional water (non-navigational) such as found in lawns and driveways.
With all this experience, they should be expert at identifying such bodies of wetness tat even waterfowl eschew.

Go get’em Social Justice Warriors!