Northern Kentucky

8

Oct
2012

The Real Rate of Inflation

On Tuesday, September 18th I accompanied a group of NKY Tea Party members to the Westchester Tea Party’s EmpowerU seminar where the topic was the Federal Reserve Bank. Mark Schweitzer, senior vice president of research at the Federal Reserve Bank of Cleveland, discussed the responsibilities and recent actions of the Federal Reserve at the Lakota West Freshman Campus auditorium. Mr. Schweitzer regaled the audience with an array of colorful and impressive graphs in regard to the state of the U.S. economy and the rate of inflation. According to Schweitzer, the rate of inflation in the United States for the last 3 years vacillated between 1.5 to 2.5%. This was ultimately the justification for the Federal Reserve’s recent round of Quantitative Easing which are just a fancy words for printing money.

I found the statistics on the rate of inflation simply too good to be true so I did a little research of my own. Most people may not know the way that the government calculates inflation has changed more than 20 times since 1978.   In fact, the government is constantly looking for ways that it can make inflation appear to be even lower.  According to John Williams of shadowstats.com, if inflation was measured the same way that it was back in 1990, the inflation rate would be about 5 percent right now.  If inflation was measured the same way that it was back in 1980, the inflation rate would be about 9 percent right now.  Mark Schweitzer, the mandarins at the Federal Reserve and the Obama administration expect us to believe that the inflation rate is hovering around 2 percent.  Anyone that goes to the supermarket or fills up their vehicle with gasoline knows that prices are going up a lot faster than that.  Just about everything that we buy on a regular basis is steadily becoming more expensive, and so the members of the Tea Party did not buy it when Mark Schweitzer told us that there was barely any inflation right now. One member of our group said in the car on the way home that, “He was glad he attended because he didn’t realize how good it really was now.”

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7

Oct
2012

Tolls Meeting-Cincinnati

This meeting is in the "Belly of the Beast" where the financiers, the "money changers" will sell this "public private partnership" to the crony capitalists.  Can you imagine the fees, the profits to be made in the financing of this $2.4 billion dollar project?

What:   Presentation by leader of Public Private Partnerships to OKI Board

When:   10:30AM, Thursday, Oct 11th

Where:  720 East Pete Rose Way, Suite 420, Cincinnati, Ohio 45202

The use of tolls impacts everyone.  The cost of the tolls on trucks delivering milk and bread will be passed on to you with higher prices in the grocery stores.  We should be outraged that billions of our money is being wasted by our elected and unelected officials to build bridges in Egypt and Pakistan.  How did your Senator vote on Senate Bill 3576 that could have funded this bridge?

7

Oct
2012

Tolls Meeting-Boone Co. Library

The use of tolls to fund the replacement of the Brent Spence bridge will cost all of us eternity.  The the hand of big government and crony capitalism is everywhere in the tolls movement.  Crony capitalists have lined up behind Julie Jansen of Duke Energy with a $2 million dollar slush fund coalition to "educate our legislators" into voting for this new tax.  The coalition hired Strategic Advisers LLC to add a "spoonful of sugar to make this bad medicine go down."  The tollers are steamrolling through Kentucky and Ohio with this tax that will cost you $4 or more to travel across the Ohio River.  There are two meetings this week that you will want to attend.

What:    NKY Tea brings Strategic Partners and OKI to talk to you.

When:    7:00PM, Monday, October 8th

Where:   Boone County Library's Main Branch 1786 Burlington Pk Burlington, KY

2

Oct
2012

Who’s Holding our Special Taxing Districts Accountable?

Special-purpose districts or special district governments in the United States are independent governmental units that exist separately from, and with substantial administrative and fiscal independence from, general purpose local governments such as county, municipal, and township governments. Special districts serve limited areas and have governing boards that accomplish legislatively assigned functions using public funds. In 2007, the U.S. had more than 37,000 special district governments, but it is worthy to note that the term special district government as defined by the U.S. Census Bureau excludes school districts. The state of California leads the nation in the number of special districts with Illinois close behind. State counts of their special districts may differ from the federal count because the states may have different definitions of a special district than the U.S. Census Bureau (Click text for more information). Kentucky State Auditor Adam Edelen estimates there are 1,200 to 1,700 different taxing districts statewide in Kentucky with 45 different categories outlined by state law that can impose $500 million to $1.5 billion annually in fees or taxes without a directly elected board, but he can only guess at that number. No one has ever counted these special taxing districts nor has there ever been an attempt to monitor their use of the public funds (State Auditor to Look at Special Taxing Districts, 2012;  Special Taxing Districts to get Scrutiny, 2012).

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2

Oct
2012

Maysville Tea Party Rally

The Maysville Tea Party is hosting a rally on Saturday October 6th, from 3-5pm, at the Amvets Bingo Hall which is located at 1918 Old Main St in Maysville KY. Although it has a Maysville address it is actually located in the Old Washington Area.

The speakers will be candidates Thomas Massie and Andy Barr, other speakers include Lt. Col. Thomas Cordingly (retired), Terry Donoghue from NKY Tea Party will speak on pension reform for the State of KY and David Adams will speak on Obamacare and how it threatens Kentuckians.

For further info contact Theresa Reinhart at 606-748-1413