Comments on Advance Indiana™: More Wishard Lies

2,000 pg of health care that's inapplicable to...

2009-12-03T16:58:33.737-05:00

2,000 pg of health care that's inapplicable to Congress because it's the "compassionate" thing to do, millions in expanded school district funding because it's "for the children", using our property as collateral and somehow bilking the Federal government that WE pay for because "it's the only hospital that serves the inner city", offering medical, educational, housing and food benefits routinely to non-citizens because "we have to care about the downtrodden".....
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When does this horseshit stop? When do we return to fiscal sanity and demand hard data to justify spending tax revenue? When do we return to charity coming directly from citizenry, instead of stealing it from their tax revenue so politicians can get re-elected by handing-out "free" goodies? When do we stop voting for these clowns? When will we finally say, "No"?

Jon, You raise a good question. I can't find a...

2009-12-02T22:47:28.934-05:00

Jon, You raise a good question. I can't find a state debt limit for the building authority like I found for the HHC. I don't even see where a building authority has authority to issue general obligation bonds; the statute only talks about revenue bonds.

Unfortunately, government (at all levels) can lega...

2009-12-02T19:41:09.300-05:00

Unfortunately, government (at all levels) can legalize its theft through laws (or disregarding thereof - who can keep track; details, details), procedures, policies and legal interpretations. Unless the slumbering populace wakes up and demands change, it will continue until it all collapses. Unfortunately, when it does collapse, we will all pay a very heavy price.

Has anyone requested from the Indianapolis-Marion ...

2009-12-02T18:55:27.817-05:00

Has anyone requested from the Indianapolis-Marion County Building Authority the amount of assessed valuation of Indianapolis property? Is the Marion County Building Authority in violation of the 2% debt limit?

Again, I say...is it any wonder that Republicans a...

2009-12-02T14:47:26.635-05:00

Again, I say...is it any wonder that Republicans and conservatives are losing ALL faith in their party?
They are acting just as bad as Democrats. You can't tell the difference without a program.
Representative government? Yea, right.

I see from Prop 419 that H&H is issuing all th...

2009-12-02T08:37:40.220-05:00

I see from Prop 419 that H&H is issuing all the bonds - $703 M all secured by property taxes. The revenue bond option for the Building Authority was another scam on the public.

The legal notice tying the facts to the referendum...

2009-12-02T08:30:18.382-05:00

The legal notice tying the facts to the referendum stipulated that any bonds floated by the Building Authority must be revenue bonds. So, if no bonds are to be floated by H&H, which could float general obligation bonds secured with property taxes, then we are off the hook. The Building Authority does not have the legal authority from the referendum to float general obligation bonds for this project.

I don't have any understanding of how the Building Authority can go into debt by floating new bonds to pay off H&H's old bonds. It seems that would take a separate agreement and authorization. If that debt were secured with property taxes previously, I could see the refinancing also being so linked. But, if it was secured with any other source of repayment, I would assume they'd need to get a new referendum.

"Oh, what a tangled web we weave, when first we practice to deceive."

Thanks Gary for being the constant thorn in the wo...

2009-12-02T00:05:37.965-05:00

Thanks Gary for being the constant thorn in the works of that criminal machine we fight.

You hit the nail on the head downtown Indy. Marion...

2009-12-01T20:57:13.447-05:00

You hit the nail on the head downtown Indy. Marion County and Indianapolis have been operating Ponzi schemes for the past two decades. We are bankrupt; it's just that the public doesn't know it yet. That'll come in due time.

I wish I had some say in the matter. I'd insi...

2009-12-01T20:55:45.641-05:00

I wish I had some say in the matter. I'd insist they pay the $60M out of their $150M piggy bank.

I really don't see this as much different from...

2009-12-01T20:54:30.124-05:00

I really don't see this as much different from what Tim Durham is (was?) accused of doing. Shifting money from the left pocket to the right, making it seem like you have twice the money you really have, and deceiving your investors.

And for them to NOW come out and disclose that $60 Mil shuffle - well that's just despicable. They completely forgot to mention that when Gutwein was doing his dong-and-dance routine.

It's the same deal as with MSA and RCA Dome. Keep churning the debt, never paying it off.