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Tuesday, March 09, 2021
MNPS gives no-bid $18 million contract to Meharry Medical Group
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SO, WHY DOES THE NATIONAL DEBT MATTER?
by Rod Williams- I recently posted an essay explaining why the $1.9 trillion stimulus bill was a disaster and puts our nation at risk. I don't want to sound like an alarmist but this is alarming. This may be "the straw that breaks the camels back." If this does not turn into a disaster, it is because we dodged a bullet and bad things that could happen, just didn't happen. We have no margin of error in order to avoid a disaster. We cashed in the insurance policy. We only avoid a disaster if none of the several things that could go wrong, don't happen. If someone is not concerned, they are not paying attention.
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Sunday, March 07, 2021
How will the $1.9 Trillion stimulus plan be paid for?
by Rod Williams, 3/7/2021 - The Senate passed the $1.9 Trillion stimulus bill yesterday with only minor changes from the House version. By anyone's calculations, $1.9 trillion is a lot of money. I contend the bill passed is not really a stimulus bills and not near that much is needed and that the bill is laden with pork that has nothing to do with the pandemic and may in fact, delay the recovery. I explain my opposition to the bill in a post you can read at this link.
Deficits and Debt: Before going further it is time to clarify some terms. The government runs a deficit anytime it spends more money than it takes in. Usually when the deficit is mentioned it is for a single fiscal year, but doesn't have to be; it could be any period. Debt is the amount of total money the government owes. The total of all of the budget deficits add up to the debt.- Federal Budget Deficit for January 2020: $33 billion
- Federal Budget Deficit for January 2021: $163 billion
- Cumulative Budget Deficit through January FY20: $389 billion
- Cumulative FY21 Deficit through January 2021: $736 billion
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Thursday, March 04, 2021
Nashville is not one of the cities with a serious potential mortgage foreclosure problem.
By Rod Williams- Good news is no news so this is not news, but those in the banking, real-estate or housing counseling field can breath a sigh of relief for now. Nashville is not on the verge of a serious housing crisis.
Here is the list of metropolitan areas most at risk of a foreclosure crisis.
Here are the stats for the Nashville MSA: 64, 063 9,699 15.1 9.9% 13.2%
While this data only covers FHA loans, those are the loans of more first-time homebuyers and people who had little down payment when they bought their home. If these loans are performing well, other loans are probably performing well also.
In 2006 there was an active subprime market that allowed many people to buy homes who should not have bought homes. Credit standards were relaxed and all kinds of creative financing such as no down payment loans, graduated interest rates, and variable interest rates, and graduated payments, and loans that allowed negative equity to occur were common. Also, many of the people who bought homes with these risky type financing terms were what we would deservingly call high risk borrowers. Not only was their income not stable, many had poor money management skills and had not learned delayed gratification or setting priorities or balancing a budget. Thankfully, those kind of loans are rare now and those high risk borrowers are not getting loans.
There is enough bad news now; good news that it looks like we are not going to have a housing foreclosure crisis is welcome. For those wanting more information and to see the data for the 168 largest metro areas, follow this link.
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Wednesday, March 03, 2021
Tuesday, March 02, 2021
Proposed constitutional amendment which would give legislature a hand picking attorney general advances.
By Rod Williams - The bill proposing a change in the way Tennessee appoints it's Attorney General has passed the Senate Currently in Tennessee, the state's chief law enforcement official, the attorney general is appointed to an eight-year term by the Supreme Court, behind closed doors in secret session. This is the way it has historically been done. However, for most or our history, the Supreme Court was elected which at least resulted in some degree of making the process democratic. Now, the Supreme Court is appointed, yet the process of selecting the attorney general has not changed.
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Tax dollars to mismanaged cities and states is like giving crack to a crack addict.
by Rod Williams - There is a lot to not like in the Biden $1.9 trillion stimulus plan. The plan calls for sending another $1,400 per person to eligible recipients. This would be in addition to the $600 payments that was approved by Congress in December and would make for a total of $2,000. The new payments would go to adult dependents over the age of 17. So a dad, mom and a couple dependents over the age of 17 could mean one household gets $8,000. That is money the government borrows.
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Monday, March 01, 2021
Did mainstream Republicans becoming captive to "extreme Libertarian ideology?"
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Analysis: Nashville should ban facial recognition technology
by Coleman Harris, Nashville Outlook - In 2017, the Metro Nashville Council overwhelmingly passed an ordinance 25-2 taking steps to limit the use of surveillance technology by the city government. The resulting law, Section 13.08.080, requires council approval when placing surveillance devices onto public rights-of-way, with “surveillance” covering technology from biometric software to RFID scanners.
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The Davidson County Election Commission spent $214,000 to keep the the Nashville Taxpayers Protection Act off the ballot.
by Rod Williams - The Davidson County Election Commission spend more than $214,000 in 2020, to keep the Nashville Taxpayers Protection Act off the ballot. The Commission hired Bill Koch, a former Tennessee Supreme Court justice, to make their case before Chancellor Ellen Hobbs Lyle, who ruled that the proposed referendum was “facially unconstitutional.” Instead of using Metro legal for this purpose the Commission hired Koch on a no-bid contract.
- Hold property tax increases to 3% per year
- Make it easier to remove Metro officials by reducing the number of signatures needed to force a recall election.
- Abolish lifetime health insurance benefits for Metro Council members and other elected officials.
- Preserve voter-approved charter amendments by changing the charter itself to say those amendments could only be repealed by future voter referendums.
- Make it harder to give away Metro property by requiring 31 Metro Council votes to approve land conveyances instead of the current requirement of 21 votes.
- Revert pro sports stadiums and the surrounding developments back to taxpayers in the event a team leaves town or fails to play in its venue for 24 straight months.
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Saturday, February 27, 2021
The danger of an Article V convention and why term limits are a bad idea.
by Rod Williams - There is a bill introduced in the Tennessee House that makes application to Congress to call an Article V convention to propose an amendment to the U. S. Constitution setting term limits for members of Congress. This is something that some on the right brings up from time to time. I oppose both and Article V convention and term limits for Congress.
My primary objection to term limits is that it would empower and strengthen the bureaucracy at the expense of the voice of the people. We already have a problem with unelected bureaucrats having too much power. I wish we had a smaller government with less authority, but that is not the reality. For any member of Congress to become an expert on all of federal governance is simply too much to expect. For new congressmen there is a demanding steep learning curve.
The staff on an agency of government who understands all of the nuances of a policy can "snow" a new member of congress. We need members of congress who have institutional knowledge and know how policies came about and why things are done the way they are done. Fewer members of Congress with time on the job means a greater reliance on bureaucrats and a greater reliance on lobbyist. Also, where tried, as an example at the local level with our own Metro Council, I do not think term limits has resulted in better governance.
The below analysis and suggested reading on this topic come from Tennessee Eagle Forum. Many of you may know Bobbie Patra the long-term president of the organization. Tennessee Eagle Forum is a source I look to for trusted information and analysis of what is going on in the State legislature. They are an organization deserving of one's support. To subscribe to the Tennessee Eagle Forum newsletter or make a contribution follow this link.
ARTICLE V CONVENTION FOR TERM LIMITS:
HJR 0008 by *Todd , Eldridge, Mannis, Garrett, Zachary, Doggett, Calfee, Williams, Ogles, Bricken, Hurt
Constitutional Conventions - Makes application to Congress for the purpose of calling an Article V convention to propose an amendment to the United States Constitution to set a limit on the number of terms to which a person may be elected as a member of the Congress of the United States.
Looking around at the world in which we are living today, this sounds like a great idea. But.....an Article V convention is completely uncharted territory and there really are important things to know about:
THREE CONSIDERATIONS:
1. In today’s political climate, with the way this election cycle played out, with Sen, Chuck Schumer and Cong. Nancy Pelosi in charge of the US Senate and the US House and the main stream media being their allies, do we really think it is a good idea for Congress to ‘call’ for a Constitutional Convention and think they can be controlled beyond what they want to see happen???
2. Problems with calling an Article V Constitutional Convention
3. Problems with Term Limits - we have Term Limits - they are called elections, every two, four and six years.
Eagle Forum has long opposed taking this risky action in spite of the assurances that everything would be all right - that is speculation since we have never had one since the convention to amend the Articles of Confederation. This is a very important subject with significant consequences. Please look at the articles linked below to learn the details.States Likely Could Not Control Constitutional Convention on Balanced Budget Amendment or Other Issues
Don’t Be Fooled by Article V Conventions
TWENTY QUESTIONS ABOUT A CONSTITUTIONAL CONVENTION
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Friday, February 26, 2021
Bellevue Breakfast club meets March 6. Special guest speaker State Senate Majority Leader, Jack Johnson
Greetings Breakfast Club Members,
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