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Category Archive for 'Deficit'

BTW You Owe 5K

The state pension fund isn’t fully funded. 
Delaware:
Total Unfunded Liability: $3.9 Billion
Workers in Plan: 30,000
Average Liability Per Covered Worker: $130,000
This comes to $5000 per person. Who doesn’t think we need change at Woodburn?

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Tuesday’s L.A. Times has an article by Peter Nicholas titled: “Adding up the cost of Obama’s agenda.”
Here’s a quote from the article:
Among other proposals during the course of the campaign, Obama has said he would strengthen the nation’s bridges and dams ($6 billion a year), help make men better fathers ($50 million a year) and […]

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The General Assembly is near the end of its session which means a lot of issues will come in rapid fire over the week.  There is no way I have time to write full posts on them so I will give them quick analysis and mentions in this format.  Please feel free to expand upon […]

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There comes a time in all men’s lives when they are downtrodden, where they see nothing but dead-ends and roadblocks ahead, when they feel that all their endeavors are doomed to failure, and that all hope is lost. Fortunately though, those times are few and far between for Americans, and even then they seem to […]

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state_cost_savings_with_attachment1.pdf
In a memo sent to Office of Management and Budget Director Jennifer Davis, the state auditor’s office found tens of millions in potential savings and recommended adding sports betting to enhance revenue.  Mr. Wagner’s office gave some newer suggestions as well as renewing some familiar calls for savings not adopted from recommendations in times past.
Some of […]

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Whatever happened to this concept?  It looks like the senate is not the only place which has a desk drawer. Governor Minner would you please dust off the Lead Report?

The BCG team reviewed potential efficiency opportunities within the state’s $1.65
billion education budget, and identified opportunities with an annual value of $86-158
million once fully and successfully […]

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The state’s school districts have been asked to give back 10% of their state funds to help eliminate the deficit. That is a lot of money, and it is patently unfair to ask them for it. There is a lot of waste in our education spending, but an immediate 10% giveback is just crazy.
What the […]

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Our leaders in state government are grappling for ways to keep government afloat.  I think the revenue shortfall will not be as bad as now projected any more than it was as good as projected 3 months ago.  Nonetheless, they are the best numbers we have and we have to make tough decisions.  Our leaders […]

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We just lost over $300,000,000 in projected state revenues at Monday’s DEFAC meeting, and now the state government is in a near-panic about how to recover the money in some way through cuts and “revenue enhancements.” What they mean by “revenue enhancements” is taking more money from YOU to fund their excesses.
Oftentimes on this site […]

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UPDATE: I was wrong. It’s not $300,000,000 over five years. It’s $326,000,000 over TWO YEARS, including $126,000,000 this year alone. That’s it. Time to slash spending. The Minner-Carper gravy train, which was built on the backs of the DuPont-Castle successes, is over. All the Democrat administrations have left us with is mountains of debt and […]

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