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Rhode Island politics

Posted: 11/7/2012 7:50 AM

Rhode Island politics 


What a joke this state is.  I'm not even going to get into Cicilline winning his race.  How in the world do the voters vote "Yes" to borrowing hundreds of millions in bonds with ridiculous interest rates?  We are buried in debt, yet it is crucial to borrow tens of millions to get a water treatment plant in?  Are these projects crucial right now?  If you had a $10,000 balance on your credit card, are you going to take a $5,000 line of credit to buy a new TV?  I would hope not.  People see "Oh clean water, that's nice." and vote it through.  "Oh let's fix the RIC!"  Little do people realize this comes with a cost to the tune of hundreds of millions in interest payback.  Projects like this need to be completed, but not at a time when we can't pay for our own budget!  Whatever happened to basic financial principles?  You don't spend $2 for every $1 you make.  America is transforming into such a fiscally backwards system.  

Only defensive move from all of this is to buckle up and make sure you have a good accountant.  The creative juices are going to have to be flowing to battle the inevitable  increase in taxes.
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Posted: 11/7/2012 8:51 AM

Re: Rhode Island politics 


<---- Hey!


friar86 wrote: What a joke this state is.  I'm not even going to get into Cicilline winning his race.  How in the world do the voters vote "Yes" to borrowing hundreds of millions in bonds with ridiculous interest rates?  We are buried in debt, yet it is crucial to borrow tens of millions to get a water treatment plant in?  Are these projects crucial right now?  If you had a $10,000 balance on your credit card, are you going to take a $5,000 line of credit to buy a new TV?  I would hope not.  People see "Oh clean water, that's nice." and vote it through.  "Oh let's fix the RIC!"  Little do people realize this comes with a cost to the tune of hundreds of millions in interest payback.  Projects like this need to be completed, but not at a time when we can't pay for our own budget!  Whatever happened to basic financial principles?  You don't spend $2 for every $1 you make.  America is transforming into such a fiscally backwards system.  

Only defensive move from all of this is to buckle up and make sure you have a good accountant.  The creative juices are going to have to be flowing to battle the inevitable  increase in taxes.

“I don’t feel student-athletes should get hundreds of thousands of dollars, but like I said, there are hungry nights that I go to bed and I’m starving,” Napier said to reporters.

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Posted: 11/7/2012 8:56 AM

Re: Rhode Island politics 


It's not just this state. It's nationally and in every state. We reelect the same President and almost everyone in Congress (with an 11% approval rating) is going back. We get the government we deserve (and vote for).
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Posted: 11/7/2012 9:15 AM

Re: Rhode Island politics 


I will admit, I voted yes on RIC. I think it is good to have great institutions of higher learning so kids want to stay home than go elsewhere.

That said, outside of the two casino bills (which I would assume would bring money to the state) I voted no on everything.

And while the Republican strategist guy on CNN last night did come off as condescending at times, he did make a good point early on.

He basically said something to the extent of "People want free stuff, many people get free stuff, and they will vote for the person who gives them the most free stuff." He also said if this was the 1980s Obama would have gotten destroyed because the mentality was to work hard for stuff back then.

I think to an extent that is very true, but I can at least say that because he wasn't as cracked out as Karl Rove was last night.
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"We have a chance to do great things at Providence."

Paschal Chukwu - August 29, 2013
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Posted: 11/7/2012 9:21 AM

Re: Rhode Island politics 


High interest rates? What were they? Muni bonds have ridiculously low rates right now, so I can't figure out how RI would pay high rates on small issues. RI does not have a big problem with debt service right now at all. It has a problem with pension liabilities that if the courts allow, is not as bad of a problem anymore. I am fine with new debt but pension reform better pass in the courts.
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Posted: 11/7/2012 9:26 AM

Re: Rhode Island politics 


I'm pretty sure that was Bill O'Reilly on Fox News, RJ.

Are you insinuating that people backing Obama are more or less, looking for free stuff and handouts?

rjsuperfly66 wrote: I will admit, I voted yes on RIC. I think it is good to have great institutions of higher learning so kids want to stay home than go elsewhere.

That said, outside of the two casino bills (which I would assume would bring money to the state) I voted no on everything.

And while the Republican strategist guy on CNN last night did come off as condescending at times, he did make a good point early on.

He basically said something to the extent of "People want free stuff, many people get free stuff, and they will vote for the person who gives them the most free stuff." He also said if this was the 1980s Obama would have gotten destroyed because the mentality was to work hard for stuff back then.

I think to an extent that is very true, but I can at least say that because he wasn't as cracked out as Karl Rove was last night.

“I don’t feel student-athletes should get hundreds of thousands of dollars, but like I said, there are hungry nights that I go to bed and I’m starving,” Napier said to reporters.

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Posted: 11/7/2012 9:44 AM

Re: Rhode Island politics 



friarfan7 wrote: I'm pretty sure that was Bill O'Reilly on Fox News, RJ.

Are you insinuating that people backing Obama are more or less, looking for free stuff and handouts?

rjsuperfly66 wrote: I will admit, I voted yes on RIC. I think it is good to have great institutions of higher learning so kids want to stay home than go elsewhere.

That said, outside of the two casino bills (which I would assume would bring money to the state) I voted no on everything.

And while the Republican strategist guy on CNN last night did come off as condescending at times, he did make a good point early on.

He basically said something to the extent of "People want free stuff, many people get free stuff, and they will vote for the person who gives them the most free stuff." He also said if this was the 1980s Obama would have gotten destroyed because the mentality was to work hard for stuff back then.

I think to an extent that is very true, but I can at least say that because he wasn't as cracked out as Karl Rove was last night.
You are completely right thats my fault about Fox News that was definitely O'Reilly.

And I don't think all people want free stuff and handouts but one of the biggest reasons I think Obama carried Florida was because of the uncertainty of how Mitt Romney would change Medicare/Social Security/Welfare and other entitlement programs. But I do think people care about the bottom line, and that all doesn't mean handouts but it does mean a fair share of "free" things or cuts.

People never really took into account the snow birds who all moved back there within the past few weeks when doing there sampling back in July and August.

One of the Republicans somewhere made the point -- Romney and his team failed to put out a comphrensive plan in which people could see his picture and be able to celebrate it for positive change. There was way too much speculation about nearly everything.

They saw things, like myself, as being better with Obama because they knew what they were going to get with him.
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"We have a chance to do great things at Providence."

Paschal Chukwu - August 29, 2013

Last edited 11/7/2012 9:47 AM by rjsuperfly66

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Posted: 11/7/2012 9:51 AM

Re: Rhode Island politics 


I think investing in RIC is a good choice. You can say the state's in terrible shape and therefore you should do nothing, spend nothing, and let everything go in the toilet even more, but I don't think that's the best choice. RIC's facilities are pretty poor, they aren't sitting over there operating in a palace.




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Posted: 11/7/2012 10:09 AM

Re: Rhode Island politics 


If you contually spend money you don't have, are you putting it on the fast track to the toilet?


Gillen4 wrote: I think investing in RIC is a good choice. You can say the state's in terrible shape and therefore you should do nothing, spend nothing, and let everything go in the toilet even more, but I don't think that's the best choice. RIC's facilities are pretty poor, they aren't sitting over there operating in a palace.

“I don’t feel student-athletes should get hundreds of thousands of dollars, but like I said, there are hungry nights that I go to bed and I’m starving,” Napier said to reporters.

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Posted: 11/7/2012 10:13 AM

Re: Rhode Island politics 


Social Security is not an entitlement. We pay for it.
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Posted: 11/7/2012 10:23 AM

Re: Rhode Island politics 



RichardCoren wrote: Social Security is not an entitlement. We pay for it.

I didn't mean to make it seem like an entitlement, but there has definitely been concern on it running out, and each candidate needing to find a way to extend it. Inevitably, the concern has been how it affects one's bottom line, and what happens if they lessen it on current recipients. I think that plays huge in the older communities.

I'm not saying it is a bad thing that people look at "free" things or things of that nature for the record, but I do think it's factual that people look at how things affect their bottom line in terms of $$ and vote according to how that is affected.  We are all guilty of it to an extent. I definitely think there was almost too little interest on the miltary, foreigh affairs, etc. Libya almost died down recently, definitely wasn't a big enough deal. Why? I think that has to deal with $$. That's why the auto-bailout of 4 years was such a big bump.
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"We have a chance to do great things at Providence."

Paschal Chukwu - August 29, 2013
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Posted: 11/7/2012 10:24 AM

RE: Rhode Island politics 


all this $hit better be around for me too. and i want the argument to be "don't end medicare and social security as we know it"... still feel like it is the biggest ponzi scheme going for my generation.

and bipolar, funny you bring up pension reform, because that is exactly the reason i voted against all of these questions worth $200M. during the 80s and 90s, our government missed so many payments toward the pension and if this bill passes, my parents get screwed. they will only get COLAs in the best case scenario of $1k once every 5 years. my parents paid their 9.5% every paycheck, yet they get screwed. i do NOT agree with retroactive pension reform for current retirees.
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Posted: 11/7/2012 10:38 AM

RE: Rhode Island politics 


Peeps, my father works for the state and he gets screwed, too. Unfortunately, the math doesn't work. They had to do something. If our federal government makes the same difficult decisions, a lot of people will get screwed, too. But the math jut doesn't add up. The city of Providence takes in 55 million a year but sends out 90 million and the fund only has 300 mill in it. There is simply no way to sustain it except by screwing the recipients, both present and future. RI is in the same situation. The pension cost was simply outrageous and making it impossible to put money anywhere else. I feel badly for the state workers who are getting screwed, but I saw Enron, Worldcom, and Lucent employees lose everything, so it might have hardened me.
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Posted: 11/7/2012 10:44 AM

Re: Rhode Island politics 


You aren't going to build a strong economy in this state or in this country by ignoring higher education. If anything I think the state should be investing more into the RICs and CCRIs of the world. Skilled workforce is an absolutely huge issue and we aren't going to be very competitive or productive with facilities from the 60's.
 
friarfan7 wrote: If you contually spend money you don't have, are you putting it on the fast track to the toilet?


Gillen4 wrote: I think investing in RIC is a good choice. You can say the state's in terrible shape and therefore you should do nothing, spend nothing, and let everything go in the toilet even more, but I don't think that's the best choice. RIC's facilities are pretty poor, they aren't sitting over there operating in a palace.




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Posted: 11/7/2012 10:45 AM

RE: Rhode Island politics 


On a $49.8 million RIC Bond we will pay $23.5 mill in interest.
On a $93 million veteran's bond we will pay $44mill in interest.
On a $19 mill clean water bond we will pay $9 mill in interest.

We are taking bonds that we fiscally can not pay back under our current models.  We need to fix the budget before we borrow more.  I'm fine with taking out a loan that we can pay for.  To pile up debt when we don't have the means to pay for our current fiscal obligations is not financially responsible.  

I guarantee many who voted for these issues didn't consider the ability and plans to repay these funds.  That is what is scary.  A lot of people don't care where the money comes from because many aren't contributing anyway.  

But the David Cicilline campaign gave us free pizza in the voting line!!  There must be more where that came from!!

Last edited 11/7/2012 10:48 AM by friar86

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Posted: 11/7/2012 10:47 AM

Re: Rhode Island politics 



Gillen4 wrote: You aren't going to build a strong economy in this state or in this country by ignoring higher education. If anything I think the state should be investing more into the RICs and CCRIs of the world. Skilled workforce is an absolutely huge issue and we aren't going to be very competitive or productive with facilities from the 60's.
 
friarfan7 wrote: If you contually spend money you don't have, are you putting it on the fast track to the toilet?


Gillen4 wrote: I think investing in RIC is a good choice. You can say the state's in terrible shape and therefore you should do nothing, spend nothing, and let everything go in the toilet even more, but I don't think that's the best choice. RIC's facilities are pretty poor, they aren't sitting over there operating in a palace.
This state doesn't need a skilled workforce right now because the state's current business climate is way too unattractive to bring in companies who will hire.  That is a fundamental issue that needs to be addressed.
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Posted: 11/7/2012 10:53 AM

Re: Rhode Island politics 


86, the state does need a skilled workforce in order to attract businesses. 90% of businesses, when asked what they look for in terms of a move, say they want a workforce ready to go. Now, we have to do other things to make RI attractive, but ignoring higher ed is not a good move just because jobs aren't here now.
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Posted: 11/7/2012 10:59 AM

Re: Rhode Island politics 



friar86 wrote:
This state doesn't need a skilled workforce right now because the state's current business climate is way too unattractive to bring in companies who will hire.  That is a fundamental issue that needs to be addressed.
It's a misnomer that there are zero jobs in Rhode Island. I just took a look at one of RI's largest employers, APC, to see if they are hiring. This was the first company I looked at. You'd be surprised at how many companies have a hard time finding qualified employees.

Job TitleLocationReq. #DivisonDate Posted
Global Director of Trademark & Brand Protection ServicesWest Kingston31587Legal & Tax11/06/2012
US-PRODUCT MKTG MGR.North Billerica31619ITB11/05/2012
Business Process ManagerWest Kingston30217Schneider Electric11/05/2012
Customer Response Team RepresentativeWest Kingston31589Global Marketing11/02/2012
Business Transformation SpecialistRaleigh31286Schneider Electric10/29/2012
Business AnalystWest Kingston30545IPO10/29/2012
Graphic Designer West Kingston31056Global Marketing10/19/2012
Email Marketing SpecialistWest Kingston31298ITB10/19/2012
PRM-Implementation/Deployment ManagerWest Kingston30978Global Marketing09/28/2012
Portal Solutions ManagerWest Kingston30977Global Marketing09/28/2012
Manager, Corporate Finance - Process & ControlWest Kingston30998ITB09/28/2012
Corporate Account ManagerWest Kingston30947ITB09/26/2012
Training Team InternWest Kingston30904HR Shared Services09/25/2012
Business Transformation SpecialistRaleigh30824Schneider Electric09/21/2012
Customer Service OfficerWest Kingston30924ITB09/20/2012
Senior Marketing Manager, Global Strategic AlliancesWest Kingston30905Global Marketing09/19/2012
Global Director of Price ManagementWest Kingston30861ITB09/18/2012
Finance Advanced Development Program- Multiple PositionsPalatine30657Finance Shared Services09/17/2012
IBM Regional Account ManagerNew York30676ITB09/06/2012
Human Resources Intern (Location TBD)Palatine30596Schneider Electric08/29/2012
Sales Intern (Location TBD)Palatine30597Schneider Electric08/29/2012
Finance Intern (Location TBD)Palatine30598Schneider Electric08/29/2012
Marketing/Communications Intern (Location TBD)Palatine30599Schneider Electric08/29/2012
Computer Hardware Engineering Intern (Location TBD)Palatine30614Schneider Electric08/29/2012
Computer Software Engineering Intern (Location TBD)Palatine30616Schneider Electric08/29/2012
Electrical Engineering Intern (Location TBD)Palatine30617Schneider Electric08/29/2012
Manufacturing Engineer (Location TBD)Palatine30619Schneider Electric08/29/2012
Mechanical Engineering Intern (Location TBD)Palatine30621Schneider Electric08/29/2012
Technical Inside Sales Representative, Professional Development Program- Multiple OpeningsWest Kingston30377ITB08/14/2012
Technical Support Engineer, Professional Development Program- Multiple OpeningsWest Kingston30378ITB08/14/2012
Applications Development OfficerWest Kingston30006IPO08/10/2012
Applications Development Team LeaderWest Kingston30004IPO08/10/2012
Business AnalystWest Kingston30002IPO08/10/2012
Business Analyst - SeniorWest Kingston30001IPO08/10/2012
Business Process ManagerNashville30223Schneider Electric08/01/2012
Sr. Financial Analyst FP&A Cost ControllingWest Kingston29827ITB07/30/2012
FP&A Business Support SFAWest Kingston29828ITB07/30/2012
Marketing Process ManagerWest Kingston29932Global Marketing07/26/2012
Infrastructure ArchitectWest Kingston29313IPO05/25/2012
Financial Analyst/Sr. AccountantWest Kingston28476ITB04/10/2012




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Posted: 11/7/2012 11:09 AM

Re: Rhode Island politics 



RichardCoren wrote: It's not just this state. It's nationally and in every state. We reelect the same President and almost everyone in Congress (with an 11% approval rating) is going back. We get the government we deserve (and vote for).

Bingo.  Eigteen months of listening to election drivel and we are back in the same place.  It's become virtually impossible for incumbents to lose.  If not for Ross Perot screwing up George I chances in 92, you'd have to go back to Carter as the last time an incumbent lost.  Bush won easily in 2004, for crissakes.  And Congress is no different.  So does that mean at least two more years of the same thing?
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Posted: 11/7/2012 11:18 AM

Re: Rhode Island politics 


Well, public higher education is one thing, and I agree that it should be kept affordable.

But, the state of RI poorly addresses the possibility of keeping a skilled labor force.  Correct me if I'm wrong, but the city of Providence has one of the highest student per capita rates than any almost any other city in the country. So, it's not like there's a shortage of young, skilled people, especially when you factor in URI, Roger Williams, Bryant et al...

What initiatives has the city and state taken to put recent college grads to work in RI? This is a serious question, as I don't really know of any... 

RI has a young talented workforce at their disposal.  They can't or don't use it and its their economy that suffers.


Gillen4 wrote: You aren't going to build a strong economy in this state or in this country by ignoring higher education. If anything I think the state should be investing more into the RICs and CCRIs of the world. Skilled workforce is an absolutely huge issue and we aren't going to be very competitive or productive with facilities from the 60's.
 
friarfan7 wrote: If you contually spend money you don't have, are you putting it on the fast track to the toilet?


Gillen4 wrote: I think investing in RIC is a good choice. You can say the state's in terrible shape and therefore you should do nothing, spend nothing, and let everything go in the toilet even more, but I don't think that's the best choice. RIC's facilities are pretty poor, they aren't sitting over there operating in a palace.

“I don’t feel student-athletes should get hundreds of thousands of dollars, but like I said, there are hungry nights that I go to bed and I’m starving,” Napier said to reporters.

Last edited 11/7/2012 11:42 AM by friarfan7

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