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Jeff Jacobs - page 23

Jeff Jacobs has 240 articles published.

A 14 Trillon Dollar Deficit Cut

Obama was in the news today suggesting a 4 trillion dollar  (12 year) plan to cut the deficit.  I would kindly suggest the President modify his plan to a 12 trillion dollar deficit cut.  Well as this article suggest it’s not really a 14 trillion dollar cut – its actually a 1 trillion 200 billion tax cut.  I just times it by 12 to figure out the 12 year plan (14 trillion) like all the smart people do in the Government.  Why they do that I don’t really know.  Each year we create a new budget anyway and vote it.

You can read my previous article here:  https://www.emeraldcityjournal.com/2011/04/american-government-why-bankruptcy-is-the-best-option-now/

I updated it, however, so we can reach the 14 trillion dollar deficit cut in 12 years like this:

In the link above you’ll see I cut many departments that came to: 728 billion.

I suggest we make every man, women, and child make a $100 donation so that would come to:  310 billion

The Feds take 2 trillion a year from us for taxes each year and since we are cutting half the programs (see above) at least 25% of that could be saved each year:  500 billion.

That adds up to 1.2 trillion x 12 (for the important 12 year plan which makes everything look good) = A 14 trillion dollar deficit cut (+400 billion positive revenue).

Now seriously, I write this in part with laughter.  But if you really think a 4 trillion dollar deficit cut (over 12 years) with Obama is going to make it happen you’re sadly wrong.  First that is 333 billion a year.  Last Friday when they were negotiating the Government shutdown they blew 8 billion in a week.  52 weeks in the year folks that is 448 billion dollars for doing nothing.  This isn’t even a drop in the bucket to repair the mess we have going on.

We need to be cutting atleast 1 trillion a year.

Jesse Jackson & The Death Of MLK

Even Though MLK day was back in January, their was a recent news story about Jesse Jackson that just made my jaw drop in disbelief.  The short of the story is this.  As you know, Martin Luther King was assassinated on his balcony in Tennessee.  A shot rang out (what is believed to be a sniper) hit Mr. King leaving him in a pool of his own blood.  The bullet entered the tip of his chin and tore half of his neck off. 

Right before the shot rang out, Jesse Jackson, Ben Branch, and few others we celebrating a little after winning a recent court case (giving them more opportunities to march) in the parking lot.  MLK actually just went upstairs to get ready for a dinner they were all going to that night.  The shot rang out and MLK was assassinated.  It was a mess for a few seconds with the police running in the wrong direction trying to find the suspect and with MLK’s friends running up to take care of Martin Luther King in his last moments. 

Here is the part that I just couldn’t believe.  Jesse Jackson went upstairs and placed his hands in the pool of blood and smeared it on his shirt.  He went out to the public and stated “he died in my arms”.  Because Jesse Jackson was in the parking lot and not on the balcony (as Jesse claimed) with Mr. King his statement was investigated.  There were many photos taken during the final hours where Jesse Jackson was seen with the smeared shirt on.  The next morning he was on the NBC “Today” show saying MLK “died in my arms”.  It was later investigated and it turns out that statement was completely false.  Jesse Jackson later apologies for the false statement.

It’s an interesting story to say the least.  Did Jesse Jackson really have the “entrepreneurial instinct” to take advantage of a tragic moment.  Remember at this time Jesse Jackson really had no opportunities.  Was this lie (or cover-up) by Jesse Jackson really a move for him to take over the leadership role of the civil rights movement?

Drive A Mile…Get Taxed A Mile – The New Vehicle Miles Traveled (VMT) Tax

If you drive a motor vehicle you could soon be taxed for the miles you drive.  Uncle Sam with the help of Democrats are circulating new ideas for increasing revenue and one of those ideas is the Vehicle Miles Traveled (VMT) Tax.  Supporters believe its a fair way to charge people for using the highways.  They believe it would naturally limit highway use thus create less spending for the highways (like repairs etc) and obviously create revenue.

It’s not enough any more that you pay your normal taxes, gas taxes, bridge tolls, HOV fees, car tabs, traffic/parking violations, auto ownership transfer fees, and 520 tolls anymore.  You need to be taxedfor the mileage you drive also.  Where do we draw the line in the sand and say that is enough taxes/fees for the roads.  If the roads can’t be fixed with all the taxes and fees above then we have to realize this is more than just revenue – it’s management of the current transportation revenue. 

It starts with getting people out of office who don’t make tough spending decisions and are constantly just thinking up “ideas to create revenue”.  These decisions mean certain people need to be fired (management/staff whatever) and/or over inflated programs need to be cut.  Our officials in office need to have the testicular fortitude to put their neck and reputation on the line (plus other things) to make these tough decisions.  Sure tough decisions mean everyone isn’t going to be happy but that is part of the job.  We don’t need anymore thinkers – we need action.  We have setup a government system that supports ideas and not action.  Officials want to get re-elected and to make this happen they don’t want to make the hard line cutting decisions.  They don’t want to make anyone mad or even have anyone dislike them.  It simply is not in their own professional interests.  That is why most officials don’t make tough cuts or even discuss it – they just sit around and think up some new revenue idea that will tax more people.

These ideas do pass.  Look at the light cameras we have or the HOV lane fees.  The extreme rental car taxes.  Some states have speeding cameras mounted on the road.  We have even tried placing empty white vans on the highways ticketing people (with just a computer inside). 

It’s the same story we hear it all the time.  After a year or two when the government has used that great ideas revenue, they’ll claim we are broke again.  Some Official will think up another revenue idea (tax) and the vicious cycle continues over again.

Senator Ed Murray Tricking Seattle Residents

Senator Ed Murray pulled a quick one on the Seattle public today.  As you grind at work all day trying to feed your family and pay your mortgage, Senator Ed Murray, pushed through 22 “Title Only” bills.  If you’re unaware what “Title Only” bills are they are just that – New “Bills” with only a title.  A short sentence that says what the “Bill” is and that is all.  Lawmakers use them so they can slip them though hearings etc. without them being discussed (privately or with public) or having any feedback on them.  That was a slimy technique to trick the Seattle residents Mr. Senator Ed Murray.

There was one in particular that stood out called “The creation of revenue and taxation acts”.  He will complete the bill later and it will most likely be used to create more taxes.

Senator Ed Murray
Senator Ed Murray

Washington Public Schools Bad Revenue Management

There is one thing every adult and parent can agree on and that is a solid education.  We all want our kids to be well educated and eventually have a great life (and career).  Teachers should be paid well and be accountable for increasing student education with documented progress.  I truly believe Teachers want the best out of each and every student.  Teachers understand this type of career may not pay well initially and it’s really about the children.  By the way, the average Teacher salary in Washington State is $54,000 per year and Teachers work 10 months out the year.  This doesn’t included the over inflated wages to upper management like Seattle’s recent firing of Superintendent Maria Goodloe-Johnson and Don Kennedy.

As the television, public protesters, and newspapers continue to strike fear in the general public with the constant “loss of funds for student education services” and “it’s just hurting our kids” – do they truly understand the bad revenue management happening inside our Washington Public Schools?  Is the problem with the Teachers (salaries, student to teacher ratio) or bad revenue management (hiring, salaries paid, distribution of funding) ?

Here is some data I pulled recently from the official Washington State of Education website.  It will tell us the total revenue (per student) in King County.

King County Revenue Per Student
King County Revenue Per Student

Let me remind you these numbers are revenue per student in king county schools.  If you’re student goes to one of the Seattle Public Schools, they are making $11,839 per year for that one student (special education students get more).  Lets assume a basic class size of 25 students (more usually) that means that specific class room is generating $295,975 per year (less Teacher salary).

In 2008-2009 school year for just King County they generated $2,487,794,891 dollars in revenue (yes, that is billions).

In the 2010-2011 school year for just King County they are expecting a 24.6 million dollar loss.

There are of course expenses per student that need to be recognized.  We have building expenses, repairs, transportation costs, office supplies (limited), and upper management (who manage and are not teachers per si).  However, if each class room generates over  $200,000 per year in net revenue (already subtracted $95,957 figuring the teacher salary, supplies, and transportation for each classroom/students) where does the rest really get allocated?  You know we have A LOT of classrooms.  It certainly doesn’t cost $200,000 to keep the electricity and heating turned on for that classroom.  Bus transportation for classroom students (a typical bus load) isn’t that much plus many students provide their own transportation and some bus routes have been cut already.  Students bring their own food or buy their own food (which pays the food staff and food expenses).  We all know the Teachers don’t get much of anything regarding supplies for their rooms.  Many Teachers just buy their own classroom supplies.

The problem with Washington Public Schools is bad revenue management.  It’s not about cutting programs, students/classes (that generate revenue), or Teachers (who are paid enough based on classroom student/teacher revenue ratios).  We must correct how revenue is distributed and wasted in our Washington Public Schools.  The root of our school problems are with the methods we waste revenue and over inflated wages with upper management.  It has little to do with school programs, students, or Teachers.

You be the judge.

How Much Could You Rent Your House For? Zillow Knows!

Zillow, the local Seattle startup company, that has been predicting home values for over 5 years now is getting into the rental business.  Zillow currently manages the estimated values to over 120 million real estate listings.  Just like the home estimates they currently provide, today they announced  “Rent Zestimates” which gives you a properties monthly rental value. 

I have to say the figures are quite impressive.  Good job Zillow!

You can try it here for free.  Just enter your property address and your monthly rental figures will be displayed.  http://www.zillow.com.

Seattle Events This Weekend – March 11, 2010

It’s going to be a big weekend in Seattle for events and activities.  Here are a few of the Seattle events scheduled:

The Snohomish Wine Festival
March 12 – 12pm @ The Snohomish Senior Center

Ballard Art Walk
March 12 – 6pm @ The Ballard District

Seattle Kennel Club Dog Show
March 12 & 13 – 8am to 6pm – Qwest Field Event Center

Irish Festival
March 12 & 13 – @ The Seattle Center (Downtown)

Girls Night Out – Irish Style!
March 13 – 4pm @ Paddy Coyne’s Irish Pub

Adam Carolla
March 13 – 7pm @ Moore Theatre

– Do you want your Seattle event published here next week?  Contact Us to get listed (Free).

Seattle’s South Park Bridge Construction & Final Bid

Future South Park Bridge - Seattle WA
Future South Park Bridge - Seattle WA
After accepting bids for the new South Park Bridge for several months, the lowest bidder was revealed yesterday as being Kiewit Massman for $96 million (plus some change). The county estimated the project would cost $98-108 million dollars. Stated as being an “excellent bid” by King County Executive Dow Donstantine – I’m not entirely convinced. We do have a history with the Massman Construction Company, however, they helped build the West Seattle Bridge.  That does give them some brownie points in my opinion since we have worked with them before.  Obviously their bid ($96 million) by Kiewit Massman should raise some flags. Are they really that good to have placed a bid just under our cost expectations or did someone secretely spill the beans. Will they just add on the extra 10 million or so later and call it cost over runs. We will see about that.

What you may not know is that this bridge has been closed for over a year now. The world is still turning and people are still going to work. Is the bridge really a critical pierce of transportation infrastruction that we need to build it now for 100 million? Maybe a better solution is just to give the 10 business next to the bridge (who probably suffered a little) 20K each and call it day.

On the evening of the announcement to the lowest bid, the county threw a “Thank You” party at the Machinist Union Hall.  In attendance was Dow Constantine and Joe McDermott.  Now that was a complete waste of money.

Gas Works Park Seattle

Gas Works Park, located in Seattle Washington, is a very popular destination for relaxation and 4th of July festivities.  The park is approx. 19 acres and spans from the north end of Lake Union to the south end of the Wallingford area.  The park is shared with a gasification plant that used to operate from 1906 – 1956.  The City of Seattle purchased it for park purposed back in 1962. 

Gas Works Park has been featured in several films including Singles and 10 things I hate about you.  The realty show The Amazing Race also featured it twice. 

Gas Works Park was originally named Myrtle Edwards Park.

Washington State Department Of Transportation – Failure Analysis

With all the media attention on the Washington State Department of Transportation (tolls, ferries, traffic, road work) recently, I wanted to dive into the actual financial figures and “try to figure out the system”.  We are all constantly hearing about the ferries losing money or the new 520 tolls starting soon.   It’s on every news channel and it’s a constant reminder of how much we’re losing and how we are going to need to generate more money to make all this work.  The question is, however, do we really need to generate more money?  Are the money problems with management or the process at which communication takes place?  It’s about time we give it a quick analysis to see what is happening. 

First, I am not claiming to know the transportation system in Washington State.  I am just looking at one official financial report (most recent I could find) and giving my honest opinion.

The report is for November 2010 and is based on approx figures.  It states for November 2010 our total revenue was 4.06 billion dollars.  From the pie chart at the top you’ll notice 49% off that revenue is from tax generated from fuel. 

49% of the Washington State Department of Transportation revenue is generated from Gas/Fuel – lets discuss this first.

I am going to jump right to the long term problem with this revenue generating business model.  As a state/country we are pushing for greener operations.  We see it everyday on the TV and new laws are being created to force companies to participate.  New electric vehicles are being manufactured and sold everyday and it appears to be a positive change.   However, this change means that the more we push for green and embrace it the less revenue we are going to have.  Less money goes to must have road repairs and that means less jobs.  I am and I hope you are for a more greener planet.  It provides less pollution and gives us more control over oil but do you see the problem here?  The faster we embrace a change for better (green) the faster revenues will drop.  If this is our biggest transportation revenue source and the Washington State Department of Transportation cannot make the budget work now – how is going to work when this revenue source drops to 25% or less?  That’s a problem and huge transportation financial gap.

Ferry Revenue

From the November 2010 report, it says we generated 301.3 million in revenue from the ferry system (good).  It also says we spent 359.2 million to support the ferry system (bad).  My math says we lost over 50 million for the month of November.  I’m disappointed the report doesn’t provide more details as to where that money was spent exactly (gas/management/repairs etc).  The public needs to know the details so change can be made to support the ferries.  It generates a good amount of money and we need to figure out where that money truly is going.

Rental Car Tax & Vehicle Sales Tax (Revenue)

The rental car tax revenue came to 43.7 million and our total vehicle sales tax revenue came to 54 million.  I didn’t expect these figures to be almost the same since when you buy a car the sales tax is usually thousands of dollars and rental car tax is under $10 dollars. 

In our next report we’ll discuss where our revenue is going.

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