Category Archives: economy

Getting Washington’s Fiscal House in Order

By Congressman Steve Austria

During the last Congress, our country witnessed the passage of several costly pieces of legislation that I opposed, including the $1 trillion “stimulus” package and countless “bailouts.” I have and will continue to support reversing this egregious spending and getting our nation back on a path to prosperity. That is why I cosponsored and strongly supported two bills that provided a solution for real change to our nation’s spending practices. The Cut, Cap and Balance Act (H.R. 2560) and the Balanced Budget Amendment to the Constitution (H. J. Res. 2) called for cuts in our current federal spending levels and caps for the future spending by Congress. The Balanced Budget Amendment required Congress not to spend more than it receives in revenues while also providing a limited exception in times of war and serious military conflicts.

Jobs and the Economy

With the national unemployment rate at or above 8 percent for 34 consecutive months, it is clear that the borrowing and spending policies of this Administration have not worked. Since the failed $1 trillion “stimulus” was enacted, unemployment has averaged to 9.4 percent.

To jump start our economy and get Americans back to work, we must reverse the direction of borrowing and spending that this Administration and the previous Congress had led us. Since January, my Republican colleagues and I have worked furiously to cut spending and rein in government. We have passed 28 bipartisan jobs bills that now await action by the Senate. These bills remove the burdensome regulations that have plagued our small business owners and job creators, and promote common-sense, pro-growth policies. It is time to get America back to what it does best-create, innovate and lead.

Tax Policies

I was pleased to be a part of the effort in repealing the “1099 Provision,” which mandated that all businesses file an IRS Form-1099 for any vendor with which they have more than $600 in yearly transactions, resulting in burdensome costs for small businesses. This provision, added to President Obama’s health care law, had a adverse impact on small businesses and was included as a method to finance this new entitlement program.

Last week I supported a bill that passed the House that provided a full year extension of reduced tax rates, offered job incentives, extended doctors pay for our seniors care, and decreased discretionary spending by over $80 billion in the next ten years without raising taxes on small businesses. Our nation’s hardworking taxpayers and job creators deserve a solution that reflects real efforts to cutting Washington’s reckless debt, and focuses on creating certainty in our financial market to grow long-term jobs that are needed to putting our economy back on a robust path.

Energy Policies

We all want to be good stewards of the environment, but America must become less reliant on foreign on by using all of our natural resources we have here domestically. This includes wind, solar, nuclear, ethanol, clean coal, natural gas and oil. Unfortunately, the current policies offered by government bureaucrats are counterproductive, ignoring the energy resources we have domestically and excessively enforcing burdensome regulations that are costly for our nation’s employers and families. Expanding American energy production will lower prices, create new American jobs, reduce our dependence on foreign oil, strengthen our national security and raise revenue to help tackle the $14 trillion national debt.

House Republicans launched the American Energy Initiative – an ongoing effort to stop government policies that drive up gasoline prices; to grow American energy production to lower costs and create more jobs; and promote an ‘all-of-the-above’ strategy to increase all forms of American energy. I was also a cosponsor of the Roadmap for America’s energy Future (H.R. 909). This legislation aims to cut through the bureaucratic red tape and move forward with leasing and drilling in the Outer Continental Shelf (OCS) and with oil shale leasing programs halted by the Administration. It also moves forward with environmentally responsible exploration in the Arctic National Wildlife Reserve (ANWR), an exploration that could lead to 1 million barrels of domestic oil each day. Opening domestic offshore drilling will help decrease America’s dependence on foreign oil – something that is essential to our energy policy and our national security.

Government Takeover of Health Care

Last Congress, President Obama signed a $2 trillion health care bill into law, which increases the size of government; cuts more than $500 billion to Medicare that increases premiums on hardworking American families. These were all reasons why I opposed the so-called health care reform bill and voted this year to repeal the law by supporting H.R. 2, the Repealing the Job-Killing Health Care Law Act. Congress must work hard to give Americans the quality health care options they deserve by: ensuring everyone has the right to pick their own doctor; letting doctors and patients make health care decisions – not Washington bureaucrats; and guaranteeing access to affordable health care and health insurance for all.

What Lies Ahead

This past year in Congress brought with it many difficult decisions, and as a member of the House Appropriations Committee, I understand the difficult spending decisions. But, the conclusion of this year also brings new opportunities for next year to revise the expansion of the federal government and the regulatory uncertainties that are directly affecting our nation’s hardworking taxpayers and job creators, which our nation’s prosperity is dependent on.

Gov. Kasich’s 2011 Year End Review

[youtube http://www.youtube.com/watch?v=1Od_v89OPRQ&w=560&h=315]

2011 Year in Review: Summary

When Governor John R. Kasich and Lieutenant Governor Mary Taylor took office one year ago, Ohio faced historic challenges. Over 400,000 jobs were lost in the previous four years, unemployment peaked and remained at 10.6 percent between August 2009 and February 2010, and the state faced an $8 billion budget shortfall going into Fiscal Year 2012. For Gov. Kasich, job creation has been priority number one from day one. With his vision, Ohio has begun making the necessary government reforms to cultivate a jobs-friendly environment so Ohioans can get back to work, and our state can start moving in the right direction.

See JobsOhio Year-End Summary http://governor.ohio.gov/Portals/0/pdf/JobsOhio_Overview_FINAL.pdf

How to Dig a Four Billion Dollar Hole

By Cameron Smith

Recently, Jefferson County, Alabama filed the largest municipal bankruptcy in U.S. history. However, the filing is only the latest chapter in a sad story for the county as well as the state. More importantly, many Alabamians have little idea how a county of less than 700,000 residents was able to accumulate more than $4 billion in debt.

In 1993, three Alabama citizens filed suit alleging that Jefferson County was polluting the Cahaba and Black Warrior Rivers in violation of the Clean Water Act. This case ultimately merged with a similar lawsuit filed by the EPA in 1994. In 1995, the judge in the case granted summary judgment for the EPA and plaintiffs because the facts, even viewed in a manner most favorable to Jefferson County, clearly demonstrated that the county had violated federal law. Instead of challenging the ruling further, Jefferson County agreed to negotiate a settlement known as a consent decree.

A consent decree is a judge’s order based on a voluntary agreement between parties in a lawsuit, which is enforceable by contempt and can be modified only by court order. In this case, the consent decree provided a mechanism for remedying flaws in the sewer system. The decree called for the county to provide the EPA with a series of evaluations of the sewer system which, in turn, resulted in an implementation plan to correct the offending features of the system.

Unfortunately, the decree also contained a provision that the county could, at its own discretion, make modifications to the implementation plan for “projects not specifically covered by [the] [c]onsent [d]ecree.” This provision permitted Jefferson County to add projects to their sewer improvement plans while giving the impression the improvements were necessitated by the initial consent decree.

In a comprehensive doctrinal dissertation at Auburn University entitled Jefferson County, Alabama: A Perfect Storm of Ethical, Financial, Political, and Market Failures, Louis Ray Morris, Jr. notes that Jefferson County’s 1997-1998 capital budget contained 50 projects required by the consent decree as well as 54 additional sewer-related projects, twice as many projects as actually necessary.

As the cost of the sewer system ballooned, Jefferson County engaged in the risky practice of municipal interest rate swaps as a means to protect against higher future interest rates on the county’s variable rate debt. These swaps were supposedly going to save the county more than $200 million. A Bloomberg Markets article released in 2008 noted that Jefferson County paid banks “$120 million in fees-six times the prevailing rate-for $5.8 billion in interest-rate swaps.” Instead, rates changed direction and the county piled on almost $300 million in additional debt.

The construction and financing of the sewer system were also fertile ground for criminal activity. The flexibility and lack of transparency afforded by the consent decree enabled more than two dozen Jefferson County commissioners, employees, and contractors to engage in a wide range of illegal activities.

To make matters worse, Jefferson County’s occupational tax, which accounted for around $66 million in fiscal year 2010, was struck down as unconstitutional. Legislators in Montgomery have been unable to reach an agreement to replace the lost tax revenue, in part because of concerns over the county’s recent history of poor management, lack of planning, and criminal activity. But even if those revenues remained consistent and were entirely allocated to paying Jefferson County’s debt obligation, it would take more than sixty years to pay off the principal owed without accounting for interest.

In the bankruptcy filing, Jefferson County acknowledged more than $3 billion in outstanding sewer warrants, more than $800 million in school capital improvement warrants, and more than $200 million in general obligation warrants. With accelerated payment and penalty interest provisions, the county’s debt could increase exponentially.

Jefferson County residents now face bankruptcy and a $4 billion hole that translates to more than $6,500 in debt for every resident of the county. Jefferson County leaders dug that hole the same way the federal government dug a $15 trillion one: nobody held government officials accountable for playing fast and loose with borrowed money. If this pattern continues in Alabama and across the country, Jefferson County’s fall will be just the beginning.

Cameron Smith is General Counsel for the Alabama Policy Institute, a non-partisan, non-profit research and education organization dedicated to the preservation of free markets, limited government and strong families, which are indispensable to a prosperous society.

Putting a Harness on Washington’s Reckless Spending

By Congressman Steve Austria

Many of you have contacted my office to express your concerns for our nation’s economic future and the reckless spending that’s occurring in Washington. Our nation is facing a debt crisis that threatens our economy, national security and the future of our children. Families in Ohio and across this nation are tightening their own belts and living within their means, and it is time for the federal government to do the same with American’s hard-earned tax dollars.

This year, I co-sponsored and strongly supported two bills that provided a solution for real change to our nation’s spending practices. The Cut, Cap and Balance Act (H.R. 2560) and the Balanced Budget Amendment to the Constitution (H. J. Res. 2) called for cuts in our current federal spending levels and caps for the future spending by Congress. The Balanced Budget Amendment required Congress not to spend more than it receives in revenues while also providing a limited exception in times of war and serious military conflicts.

Yesterday, the House passed the Middle Class Tax and Job Creation Act, which I supported. This bill will help to ease the burden on hardworking families by extending reduced tax rates and creating job incentives without raiding the Social Security Trust Fund, while cutting discretionary spending by over $80 billion in the next ten years.

It is no mystery that Washington must get its fiscal house in order. Spending cuts are essential to helping put our country back on a fiscally-sustainable path that will create jobs in the private sector and strengthen the economy for our children and grandchildren.

Pleased be assured that I am listening to you and share your concerns of an over-reaching government and the increasing surge in federal spending we’ve seen this Congress. I remain committed to principles of smaller, more accountable government; economic freedom; lower taxes; fiscal responsibility; and providing for strong national security.

Gov. Kaisch’s Seeks More Control Over Medicare-Medicaid

At the Republican Governors Assocaition Annual Conference, Governor Kaisch encourage other state governors to join him is demanding federal government give them the flexibility to manage federally-funded medicare and medicaid programs in their states.

“If the federal government would give us the flexibility to manage Medicaid, and that doesn’t mean spend federal dollars on highway projects, like they were doing 15 or 20 years ago, but give us the ability to manage Medicaid, I have no doubt that we would cover more people at a lower price with a better quality outcome.”

Source: Columbus Dispatch, December 2, 2011.

Thanksgiving Economics

Because of the lingering effects of the recession, Thanksgiving 2011 will not be as great an economic boom as before, but reports indicate increased spending is expected.

For example, an “American Farm Bureau Federation study claims the cost of turkey and other related Thanksgiving food items costs 13 percent more this year. Their estimate was based on a sample meal consisting of turkey, stuffing, peas, pumpkin pie, rolls, sweet potatoes, fresh cranberries, and other items. The total cost of the family meal was $49.20. Let say, the average family meal will consists of 8-10 member and/or friends. The total cost of a food on Thanksgiving will be no less than $16.6 billion.

A recent AAA survey shows 38.2 million Americans plan on driving an average of 706 miles to their destination. They won’t be traveling by pink elephant either. Nearly 3.4 million will fly by plane, according to the American Automobile Association (not American Alcoholic Anonymous) survey. American traveler expected to spend an average of $554 each. That totals over $23 billion. Along all of the greasy turkey, fattening dressing, and calorie boosting pie, that is a lot of gas, especially at over $3 a gallon.

Some might want to extend their trip to play in the Turkey-Lurky Bowl, which is held in New York City. It would be a great way to work off some of the excess blubber, relieve some of the pent up holiday pressure, and enjoy Central Park.

If you bit more lazy like me, you could entertain yourself by watching My Life As A Turkey, a PBS documentary about Joe Hutto experience with turkeys. Or, if you happen to be bored out-of-your-gourd, you could take Kipliner’s
Thanksgiving IQ quiz
. (That is giving thanks that one’s still has an IQ after stuffing oneself life a crazy person on Thursday and vowing never to do it again on Friday.)

Speaking of Friday, Kiplinger’s Money Magazine reports Black Friday spending is expected to top $45 billion. One possible reason is many retailers intend to start on Thursday at midnight. According to the International Council of Shopping Centers, the expected amount in sales will account for about 21% of retailers annual sales.

For at least two Minnesota turkeys, they are counting more than economic blessings, according to the Associated Press. I’m certain they are thankful for a royal trip to see the President of the United States as well as for being pardoned. I’m not sure from what sin crime turkeys may be pardoned but like all of us inheritors of the Puritan Thanksgiving tradition they can be thankful to God for escaping the eternal axe. That’s what Puritans used to call the economy of God’s grace.

X-Plan Public Workshops Scheduled for November

Want to get involved in shaping Xenia’s future? The City of Xenia has begun the public outreach process for X-Plan – the first update of the City’s comprehensive plan since 1997. Xenia citizens are invited to attend two upcoming public workshops in November to voice their opinions and help the City determine goals and priorities for future growth and community improvement. The subject, dates, time and place for each workshop are as follows:

Workshop #1 (Key Issues and Big Ideas): Wednesday, Nov. 16, 6:30-8:30 p.m.

Workshop #2 (Community Visioning/Priority Goals): Wednesday, Nov. 30, 6:30-8:30 p.m.

Both workshops will be held in the Media Room at the Greene County Jobs and Family Services Building, 541 Ledbetter Road.

The workshops will each begin with a brief presentation by City staff and consultants about what X-Plan is and a review of existing conditions in Xenia. The majority of each workshop will be small-group discussions about ideas for Xenia’s future. Workshop attendees will discuss answers to questions such as: What do you like about Xenia? What needs to be improved? How should Xenia build on its strengths and overcome challenges? What are the priorities? The second workshop will build upon input gathered at the first workshop. Input from these meetings will be used to shape the goals, policies and action recommendations of X-Plan.

X-Plan is the update of Xenia’s Comprehensive Plan – a community-based vision for future development and a roadmap of how to achieve it. The plan will guide City actions and decisions with regard to development, infrastructure and community facilities. The City intends to finish the plan (including implementation strategies) by the end of 2012, and there will be additional opportunities for citizens to get involved throughout the process. More information can be found on the project website (http://www.ci.xenia.oh.us/x-plan.html). Interested citizens can also sign up for email updates by sending an email message to xplan@ci.xenia.oh.us (enter “xplan” as the subject).

Questions about the project can also be directed to the Planning and Zoning Department at 376-7285.

It’s Time for All Americans to Occupy Washington, DC

By John W. Whitehead

“We need to put pressure on Congress to get things done. We will do this with First Amendment activity. If Congress is unresponsive, we’ll have to escalate in order to keep the issue alive and before it. This action may take on disruptive dimensions, but not violent in the sense of destroying life or property: it will be militant nonviolence. We plan to build a shantytown in Washington, patterned after the bonus marches of the thirties, to dramatize how many people have to live in slums in our nation. But essentially, this will be just like our other nonviolent demonstrations. We are not going to tolerate violence.”—Martin Luther King, Jr. (April 1968)

The ongoing recession, continuously high unemployment, home foreclosures, congressional intransigence, and the circus of electoral politics are symptoms of a disease so widespread as to have rendered the government altogether incapable of carrying out its mandate, which is to protect the rights of its citizens, individually and collectively. This disease, brought about by the government’s abject collusion with corporate America, has so corrupted the system, which has grown bloated, lumbering and inefficient with time, that there can be little hope of a full recovery. John Winthrop’s bright vision of America as a shining city on a hill is no more.

That said, however, while we may not be able to return to a time of smaller, limited government, free from the cloying influence of corporations, there may still be hope of restoring some semblance of that social contract which once reigned supreme and which held that political authority must be derived from the consent of the governed.

Initially, it was hoped that the Tea Party would serve as a bulwark against tyranny, but their lofty ideals quickly became subsumed by a political agenda that did little to distinguish them from their Republican counterparts. Now we have the fledgling Occupy Movement, such that it is. Whether the Occupy Movement proves to be anything more than a footnote in America’s unrelenting march toward complete control by the corporate-state will largely depend on its followers’ willingness to resist the siren song of politics and be apolitical and nonpartisan, confrontational yet nonviolent, inclusive rather than exclusive, and strategic yet visionary.

It has been done before. It can be done again. And the place to start is by studying the tactics of past protest movements such as the Bonus Army, the Civil Rights Movement, and the 1960s anti-war movement, all of which involved occupying public spaces, participating in civil disobedience, and speaking truth to power. Indeed, Occupy Wall Street and its sister protests are merely the latest in a long and historic line of populist protests to use sleep-ins, sit-ins and marches to oppose government policies, counter injustice and bring about change outside the confines of the ballot box.

For example, in May of 1932, more than 43,000 people, dubbed the Bonus Army—World War I veterans and their families—marched on Washington. Out of work, destitute and with families to feed, more than 10,000 veterans set up tent cities in the nation’s capital and refused to leave until the government agreed to pay the bonuses they had been promised as a reward for their services. The Senate voted against paying them immediately, but the protesters didn’t budge. Congress adjourned for the summer, and still the protesters remained encamped. Finally, on July 28, under orders from President Herbert Hoover, the military descended with tanks and cavalry and drove the protesters out, setting their makeshift camps on fire. Still, the protesters returned the following year, and eventually their efforts not only succeeded in securing payment of the bonuses but contributed to the passage of the G.I. Bill of Rights.

Similarly, the Civil Rights Movement mobilized hundreds of thousands of people to strike at the core of an unjust and discriminatory society. Likewise, while the 1960s anti-war movement began with a few thousand perceived radicals, it ended with hundreds of thousands of protesters, spanning all walks of life, demanding the end of American military aggression abroad.

What these movements had, which the present Occupy movements lack, is a coherent message, the mass mobilization of a large cross section of American society, what Martin Luther King Jr. called a philosophy of “militant nonviolent resistance” and an eventual convergence on the nation’s seat of power—Washington, DC—the staging ground for the corporate coup which has driven America to the brink of collapse. This is where the shady deals are cut, where lobbyists and politicians meet, where regulators are captured, and where corporate interests are considered above all else.

Wall Street may embody corrupt business practices, but Washington, DC, is where the collusion between government and business occurs, and that is ultimately what the Occupiers should be targeting. The government leaders and agencies responsible for this collusion are easily identifiable—they are entrenched in the White House, Congress and the courts—with Barack Obama at the front of the pack, having raised more money from Wall Street than all of the current Republican candidates combined.

The balance of power that was once a hallmark of our republic no longer exists. James Madison’s warning that “the accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elected, may justly be pronounced the very definition of tyranny” has, regrettably come to pass. A silent coup has taken place, transforming our once-representative government into a corporate police state. The system cannot be fixed from within.

The only hope now rests with the determination of “we the people” to wrest back control of our government. A broad-based coalition is slowly forming, but time alone will tell if the Occupiers can maintain their resolve, develop a cohesive agenda, effectively communicate their message, and remain apolitical and nonviolent.

No matter what your political persuasion might be, this is no time to stand silently on the sidelines. It’s a time for anger and reform. Most importantly, it’s a time for making ourselves heard. And there is no better time to act than the present. As Robert F. Kennedy reminded his listeners in a speech delivered at the University of Cape Town in 1966, “Hand in hand with freedom of speech goes the power to be heard, to share in the decisions of government which shape men’s lives. Everything that makes man’s life worthwhile—family, work, education, a place to rear one’s children and a place to rest one’s head—all this depends on decisions of government; all can be swept away by a government which does not heed the demands of its people.”

What can ordinary citizens do? Instead of sitting around and waiting for someone else to change things, take charge. Never discount the part that everyday citizens play in our nation’s future. You can change things, but there can be no action without education. Get educated about your rights and exercise them. Start by reading the Bill of Rights. You can do so online at www.rutherford.org. Or, if you want a copy to keep with you, email me at johnw@rutherford.org and I’ll send you a free one.

Most important of all, just get out there and do your part to make sure that your government officials hear you. The best way to ensure that happens is by never giving up, never backing down, and never remaining silent. To quote Dr. King, “If you can’t fly, run; if you can’t run, walk; if you can’t walk, crawl, but by all means keep moving.”

It doesn’t matter whether you’re protesting the economy, the war, the environment or something else altogether. What matters is that you do your part. As that great revolutionary firebrand Samuel Adams pointed out, “It does not require a majority to prevail, but rather an irate, tireless minority keen to set brushfires in people’s minds.”

Take some time right now and start your own brushfire for freedom.

Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. He can be contacted at johnw@rutherford.org. Information about the Institute is available at www.rutherford.org

Issue 13, Analysis of Xenia Community School Emergency Operating Levy (revised)

By Daniel Downs

On November 8, Xenia Community School District officials ask voters to pass an emergency operating levy to avoid a budget deficit. School officials estimate the annual operating deficit will be $3,078,329. The 4.8 mill levy will generate the same amount for 5 years and will increase taxes about $147 a year on property valuated at $100,000.

After passing a bond issue, ½ percent permanent improvement levy, and several renewal levies, one has to ask whether or not this levy is really needed. To answer that question, I did my homework. I researched our state’s public school funding budgets. I then evaluated Xenia Community School District’s financial reports and budget projections including the recent five year budget forecast.

The levy is proposed as a way to avoid a budget deficit projected by the school’s five year forecast. The forecast is based on various assumptions concerning the economy, state and federal funding, and local conditions. Most of the budget assumptions seem reasonable. For example, property taxes and income tax revenues are expected to increase annually by a meager 1.5 percent. What does not seem reasonable is the belief that Gov. Kasich’s new foundation formula will result in zero growth after 2013. Historically, basic state funding for local public school has always trended upward. Decreases have been brief while increases have continued long-term. The new state budget (HB 153) continues this trend. This year the unrestricted state funding for Ohio schools totaled $6.4 billion. It increases to $6.69 billion in 2012 and $6.72 in 2013. There is no reason to believe it will not continue to keep up with inflation. This assumption of the Xenia budget forecast may be based more on the fear or dislike of Gov. Kasich’s increased funding for alternate forms of schooling than on real historical trends. Federal funding of alternate forms of schooling also consists of millions of dollars.

Several other budget items estimated to decrease over 34% include “restricted grants-in-aid” and “all other revenue”. Here again, the estimates do not seem reasonable. Xenia’s financial statements show federal restricted grants-in-aid has grown from $2.4 million in 2000 to $6.3 million in 2010. Even with the end of most stimulus money, federal funding continues to increase until 2013. The state budget does project a 14.4% decrease in federal funding for 2013; but barring a double-dip recession or zero GDP growth, federal aid will most likely bounce back in 2014.

The “all other revenue” item mentioned above consists of many different types of revenue sources. Some of those are interest income, rental income, tuition fees, compensation for loss of assets, and oddly enough federal restricted grants-in-aid. Except for interest income, this item coincides with revenues under a category called “other government funds” in the school district’s financial statements. Federal “restricted grants-in-aid” and the “other government funds” refer the are the same thing with rent and tuition included under Other Government Funds.

Another problem with the assumption concerning “restricted grants-in-aid” is the error about the Education Jobs Fund. The state budget shows it continuing into 2013 not ending. The $1 million from this fund will still be available in 2013 and probably beyond. (See footnote 1)

Xenia’s budget forecast lists “career technical fund” as a annual revenue source of only $82,678. Yet, a “special education fund” has over 10 times the amount of the “career technical fund”. Why not use this fund for students with learning disabilities. The Race to the Top fund also has about 10 times more money available for local schools. A new restricted use fund is the math science partnership fund. It has about $1 million more than the “career technical fund” that is available to school districts.

Without a doubt, there are some state and federal funds being phased out while new ones are being added. Coupled with economic uncertainty, confidence about the future of the economy is a scarce commodity. In light of the above, it is equally difficult to believe that the proposed budget deficit is real. If another recession occurs or if near zero growth continues, a budget deficit may occur, but only because employee costs continue to grow. According to the school’s budget forecast, union employees have agreed to a pay freeze. If so, only rising costs of employee benefits will contribute to a deficit. Of course, a loss of funds used to replace school buses, compensate for loss of tangible property tax revenues, and the loss of stimulus funds must count for something. (See footnote 2)   Yet, overall state and federal funding for local school continues to increase.

My analysis can be summarized this way: A vote for Issue 13 comes down to whether voters believe the school district’s forecast, whether they believe the historical funding trends and the state’s actual budget, or whether they believe the recent predictions of a slowly improving economy.

——————–

Note 1:   Xenia Community School District’s 5-year forecast was published in October 2011. However, statements about Ohio’s biennium budget that passed on 30 June 2011 indicate part of the forecast was written before its publication, which explains the errors mentioned above.

Note 2:   In my original post, I wrote the “a large portion of funds for bus replacement, tangible property taxes, and stimulus money must count for something.” My original statement seems somewhat misleading and has been corrected. However, Xenia School District’s 2010 financial statement shows lost “bus purchase allowance” funds amounted to $52,850. These funds were reported under the revenue category “Capital Grants and Contributions.” This amount is not enough to effect a serious budget deficit.

Cost of Living Adjustment for Seniors in 2012

By Senator Sherrod Brown

For too long, seniors have faced rising costs for prescription drugs, utilities, and food, but a monthly Social Security check that has not risen accordingly. That’s because the formula that determines whether Social Security recipients will get a COLA is not properly aligned with the costs facing most seniors. I’m fighting to reform this flawed formula so that seniors are not left in the cold.

I’m glad to announce that the Social Security Administration will provide a 3.6 percent cost-of-living adjustment (COLA) to seniors in 2012.

Seniors, who earned Social Security by paying into the program during their working years, not be forced to shoulder an outsize budget during their retirement. No elderly American should have to choose between paying for medicine and a meal. That’s why I’m fighting to preserve Social Security and Medicare by rejecting plans to privatize them, cut benefits, or raise the retirement age.

After the House of Representatives passed a plan that would dismantle Medicare as we know it, I encouraged 50 of my Senate colleagues to sign a letter pledging to reject this dangerous scheme. And raising the retirement age for Social Security might sound okay to Washington politicians who don’t have to work on their feet all day, but it’s a non-starter for hard-working Ohioans employed at our manufacturing facilities, farms, or restaurants. Ohioans who work hard and play by the rules believe that their elected officials should do the same. That’s why I’m also fighting to pass a bill I introduced that would tie the age at which members of Congress can collect their own retirement benefits to the eligibility age for Social Security. If a steelworker has to wait until she is 66 years old to receive retirement benefits, then so should members of Congress – especially those who want to increase the retirement eligibility age.

Across our state, I’ve met with senior citizens who have worked all of their lives to be able to retire with dignity. They never asked for a handout. They never expected a free pass. They worked diligently because, in Ohio, workers are the backbone of our economic strength.