Bold Colors Blog

Stickin’ it to the libs, one day at a time

Posts Tagged ‘Redistribution of wealth’

Washington’s Democrat legislators express shock at $5 billion budget shortfall

Posted by Liberty on November 20, 2008

$5 billion budget gap means Washington faces painful cuts

“‘We knew it was going to be awful. But it was more horrible than we were talking about,’ said Senate Ways and Means Committee Chairwoman Margarita Prentice, D-Renton.”

Margarita, it’s been primarily your party that’s been spending millions and millions of the people’s money.  How can you be surprised–don’t you remember all of the spending increases that have happened lately?  According to this Seattle Times story,

“State spending has increased by $8 billion since Gregoire was elected governor in 2004. Half of that money, around $4 billion, was spent on public schools and higher education. The current two-year general-fund budget is $33.6 billion.”

Also, Washington has 852 laws archived between 01/01/07 and 11/20/08.  I clicked through quite a few pages of these laws and they were all marked as passed and signed.  Our wallets would be a lot safer if the first thing that Washington State furloughed was the legislature.  Also, Washington Republicans, I don’t see that there was a lot of conscientious opposition to many of these bills.  Even though you are severely outnumbered, we still need you to attempt to hold the line on spending, redistribution of wealth and the loss of our liberties.

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Seattle Savings Bank Dinged for Low “Community Support”

Posted by Liberty on November 18, 2008

Seattle Savings Bank dinged for low community support

“Seattle Savings Bank has received a slap from federal regulators for failing to funnel enough money into low-income and affordable housing projects across the Puget Sound region.”

“For more than three decades, banks have been required to meet CRA [Community Reinvestment Association] requirements as a way to promote their involvement in the community, a regulation that hasn’t changed, even during the rough economic environment that banks operate in today, according to the FDIC.”

Why exactly should banks be responsible for funding housing for low-income people?

Posted in Redistribution of wealth, Washington State | Tagged: , | 1 Comment »