No on 1033 at 10:33

You know how bad credit ratings can wreck whole families, cut down on loans you can get, and generally make your life a living hell? Well, guess what? The State Treasurer has been hearing rumblings from credit rating agencies that if Tim Eyman’s I-1033 passes, our whole state’s bond rating could be in jeapordy. Oh hell no. That would mean that Washington (that’s us) would have more trouble getting loans for little things like, oh, say… major infrastructure projects? School funding? It’s millions of dollars at risk – that’s crap!

Vote No on I-1033! And sign up for Trick or Vote already!


5 Responses to “No on 1033 at 10:33”

  1. October 12, 2009 at 11:50 am

    way to over simplify an already simple situation guys. =(

  2. October 12, 2009 at 2:42 pm

    from what i understand,

    putting a cap on government income might impede our state’s ability to pay federal loans which would of course have a negative impact on our credit score. i can see the connection but the truthfulness of the argument hinges on the assumption that government will continue to borrow money at a rate that the cap would not permit us to repay.

    as a libertarian, i would be in support of any initiative that aims to lower property taxes. i don’t necessarily agree with his ‘starve out the beast’ strategy but i am concerned about our civil liberties and our economic liberties. any enemy of property taxes is a friend of mine.

    the above blog entry is pretty compared to some other articles i have read on the subject. i suppose i am not surprised that people are passing up this opportunity for constructive political discussion but rather turning to typical name calling and insults.

    property taxes assume three things:
    first, that by owning property you are wealthy and have lots of money
    second, that you need help managing this money
    third, that the city/state/fed knows better than you

    on the surface level, cutting government spending will cut jobs. good government jobs.

    but what happens two or three steps down the road? these property owners are able to maintain their capital to invest in private businesses or donate to great non-profits such as washington bus.

  3. 4 washingtonbus
    October 12, 2009 at 3:38 pm

    When the federal government was looking at how best to put together a stimulus package last winter, their analysis showed that for every dollar of government stimulus spending, the result was a dollar and a half generated by the economy. For every tax dollar cut, the economy generated just under a dollar. The moral? The tax question is far more complicated than government jobs, and I-1033 would limit any sort of local adjustments, even as it crushes the very programs that generate a stronger economy. For instance, check out this report by the city of Seattle: http://publicola.net/?p=15930 It’s definitely complicated, and 1033 is exactly the wrong way to go about solving any type of economic challenge.

  4. October 12, 2009 at 4:28 pm

    i have no doubt that the federal government would publish findings that supported their cause! i have a problem with using reports collected by the government to preserve the size and scope of government. do you think they might be a bit biased?

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