Month: June 2021

Nice Day For The Pool

Man – another hot one today! Those of us who DON’T have a nice, cushy Nerf job at City Hall are really sweating it out this weekend.

Would be an AWESOME day to hit Hanna Springs Pool and ride the slide a few times. Maybe sit under the Mushroom Fountain with the kids.

Oh wait. The pool is now closed on Sundays instead of open from 1pm to 6pm like it was for YEARS prior to this one. All thanks to Finley being too cheap to pay lifeguards more than the absolute minimum wage of $7.25

The city budget discussions are going to be popping up soon for the fiscal year 2021/2022. Can’t wait to see how big of a raise he wants to give the Nerf job holders this time around. I read they had TWENTY-FIVE applicants for “Assistant City Manager”. They have so many applicants because they offer a ridiculously generous salary and benefits.

That’s a lesson Finley never applies to the lifeguards, for some reason. God forbid you find $20,000 for the summer help in a budget of $31 million.

CPI Soars. Americans Being Screwed. Thanks Biden “Voters”.

Well, Biden-loving retards like Bruce Haywood, Potato Head Stephanie Fitzharris, Clayton Tucker, Karen Spivey-Cummings and Julie Cain Landrum should be ecstatic this morning. The CPI came in at 5%. We all know inflation is running much hotter than this watered-down government-massaged number, but even with the lies, they managed a 5% print.

Consumer Prices Surge at Fastest Rate Since 1992

Seeing as how the average Lampasshole is getting 0% on their money in the bank, that means you are feeling a NEGATIVE 5% REAL rate right now. Your purchasing power is DECREASING by 5% per year – and likely MUCH more.

Cartoon: Biden's Inflation | Columnists | tulsaworld.com

Been to grocery store?

Pumped gas lately? Up 56.2% in CPI

Bought any clothing? Apparel prices +5.6% in CPI

Travelled anywhere? Transportation services in CPI +11.2%

Bought a house? (+19% )

This is what happens when you print trillions in fake confetti money and hand it out to everyone with a pulse. You get many more people CONSUMING with that unearned money while those same people PRODUCE nothing, since they are content to sit home and collect checks. The end result is MUCH more money chasing FAR fewer goods [see: housing prices, used car prices, every business in town trying to find workers, etc].

Now, those of us with brains know Biden did not REALLY win the election (see: Georgia cheating) but plenty of real-life morons DID vote for him and help bump his vote total up high enough so that cheating could push him over the edge. Those same morons cheered that the cheating got their guy in.

So, if you see Bruce or Karen or Clayton Tucker or any of the other brain-dead Biden voters, be sure to thank them for this mess!

Hell, Clayton is probably not aware of ANY of this because he lives in his parents’ house and spends all his time masturbating over Bernie Sanders tweets.

Hostess House 2019 Versus Hostess House 2021

It all started so innocently, didn’t it? Just a “minor repair” here and “minor interior decoration” there.

Minutes from October 16, 2019 [page 5]:

Then The Goldfish, Finley and a troup of chimpanzees got ahold of it…and it turned into THIS abomination:

And you wonder why I NEVER believe a word these people say.

*UPDATE* – LEDC Loan Costs Now Much Higher For Taxpayer Thanks To Idiotic Extension Of Original Loan

So, I have the NEW amortization schedule in my hands, thanks to a very efficient City secretary.

As I stated before, the OLD loan only had about $133,000 remaining in interest payments over the next 9 years (total interest of $377,000 minus the $244,000 already paid over the last 6 years).

That is now out the window. The balance of the ORIGINAL loan ($885,652.00) will now be re-amortized at the old interest rate of 3.35% and extended another ten years – which will cost the taxpayers $340,882

So the LEDC went from only owing another $133k to now owing $340k in interest over the life of that $1.35 million dollar loan- thus fattening bank coffers by an additional roughly $207,000 in tax dollars.

Thus, that original loan for “pipes in the ground” of $1,340,000 will NOT cost the taxpayers $1,722,000 as originally stated back in 2015. It will now cost the taxpayers very close to $2 million total, after all is said and done.

Why would the LEDC just bend over and take it up the pipe like this? Why put the taxpayer on the hook for ANOTHER $207,000 in interest payments for no reason whatsoever?

Well, for starters, morons like TJ Monroe and Misti Talbert sit on the LEDC board. I mean, you couldn’t try to NEGOTIATE a bit? Maybe say “Hey, we agree to all your terms EXCEPT the loan extension – we don’t want to keep shelling out money for an extra TEN YEARS”.

Nah. Nobody negotiates anything when it comes to tax dollars. It’s all play money to imbeciles like TJ Monroe.

Let’s not forget that the NEW $1,500,000 loan from BancorpSouth will cost the taxpayers roughly $560,000 in interest payments over the life of THAT loan.

So we are now looking at $4,000,000.00 to get the ‘business’ park “shovel ready”, apparently, if you just look at the cost of those two loans taken out since 2015.

But there’s more!

Pope Eckermann himself guestimated the cost of Phase I Phase II to be around $1.9 million – with a 10% contingency thrown in there. Those numbers were arrived at in Jan 2020 (see page 4) – 18 months ago! I GUARANTEE you the new cost will be north of $2.3 million before all is said and done.

[** UPDATED Feb 2022: new cost was $2.75 million**]

Guys like Pope Eckermann are not stupid. Once the big $2 million dollar project is well underway, the LEDC and City council will not even blink at a few “cost increases” of $60,000 here and $86,000 there. That’s how these things work. He knows that morons like Chuck Williamson and Total Joke Monroe will fall victim to the Sunk Cost Fallacy, because they have done so repeatedly in the past.

So, the LEDC is on the hook for the difference between the loan amount of $1.5 million and the actual, final cost of construction – which could be $2.3 million or more.

If history is any guide, it will be more. Much more.

So that’s ANOTHER $800,000 thrown in for good measure. We’re at $4.8 million now.

The original cost of the 150 acres was $909,835 as well – back in October of 2003. Terms of THAT loan (see page 14) were to borrow $1.1 million for 15 years at 7% (later refinanced down to 4.95% but not sure when that happened).

Why borrow $1.1 million when the land cost $909,835? Well, probably for some pocket change!

THAT loan matured in November of 2019 and over the course of the loan, the LEDC paid approximately $460,000 in interest payments. So the land they bought for $909,835 ACTUALLY cost the taxpayers $1,560,000.00

Roughly $6.3 million is what this debacle will have cost the taxpayers by the year 2040, JUST from these loans. I have no doubt they will decide in ten more years that they need a Phase III or Phase IV.

I’d love to hear what City council thinks about this absolute waste of money. Not TJ Monroe, of course. I couldn’t care less what she thinks, as she has shown herself to be a fool over and over and she sits on the LEDC board.

Maybe the NEW council members could chime in on this at their next meeting.

Is BancorpSouth Raking LEDC Over The Coals With New Loan Stipulations?

Apparently the Lampasas Economic Dunces Club has agreed to borrow yet ANOTHER huge pile of money ($1,500,000.00) from BancorpSouth for their failed ‘business’ park. One of the conditions of the NEW loan [see pages 9 and 10] is that the LEDC agreed to EXTEND the terms of the OLD loan (made in 2015 for $1,345,000) for another TEN YEARS!

Seems ridiculous to me, but what do I know? I’m just an idiot taxpaying, non-banker Lampasshole chump.

Let’s break all this profligate spending down and start at the beginning:

Loan #93300010855800 was originated back in 2015. It was for $1.345 MILLION and the proceeds were mostly wasted spent to put pipes in the ground at the corpse repository ‘business’ park.

[That would be the same ‘business’ park that still sits empty today and which former councilman Mike White called a “goat pasture” last May.]

The terms of the loan were 3.35% for 15 years – with a maturity date of March 5th, 2030.

That “finance charge” means “total interest payments” – the total COST of the loan. Yes, you read that right – the LEDC will squander $377,116 over 15 years to borrow that money. So when they borrowed $1.345 million to put pipes in the ground in a business park that sits completely empty 6 years later, they ACTUALLY are wasting $1,722,116.00 – NOT just the $1.345 million in principal.

The fun fact about all these interest payments is that they are mostly front-loaded. In other words, the interest payments are HUGE up front and dwindle over time as the loan balance shrinks. The very FIRST interest payment was $43,295 (in 2015) and the very LAST interest payment will be $945 in 2030.

Since this loan has been running now for 6 years, they have forked over $244,000 in interest payments already – or about 65% of the total interest they will owe over the course of the loan (244/377 = 64.7%).

So the TERM of the loan is only 40% complete but the INTEREST PAYMENTS are 65% complete. The bank only has another $133,000 in juice to squeeze from the LEDC nutsack over the next 9 years.

[Reminder – the NEW loan will generate roughly $561,000 for BancorpSouth: $1.5 million at 3.20% for 21 years]

Oh, and BancorpSouth ALSO wants a 1% “loan origination fee” [page 9]- that’s a measly $15,000 for those of you who suck at math.

What’s a banker to do? Hmmm. Well, MAYBE they could tack ANOTHER 10 years on to that first loan as a condition of the LEDC getting this NEW loan! Naturally, the interest rate will be kept the same as the FIRST loan (3.35%) and NOT adjusted downward to that of the second loan (3.2%).

School Board Meets Tonight

According to the June 5th Radiogram, the LISD board will meet tonight. Among other things, they will discuss:

“…adjustment to the compensation schedule for 2021-22. Also discussed will be the planning for federal grand applications, plans for a safe return to in person instruction.”

I THINK Rhonda Witcher meant “grant” applications and “in-person” instruction, but what do you expect from a former college professor?

“Adjustment” to the compensation schedule ALWAYS means “adjustment upwards”. Not a year goes by that the school system doesn’t give raises to everyone and anyone – including the bloated administration. Of course, school performance continues downward despite all the spending (see my post HERE).

Let’s look at the other recent “adjustments” to the compensation schedule, shall we?

April 2018: The Lampasas Independent School District Board of Trustees unanimously approved a general pay increase for all the district’s teachers, administrators and auxiliary staff. Each teacher will receive a $1,500 increase, a raise of about 3% will go to administrators, and an increase of about 5% will be given to aides, clerical and auxiliary staff. The pay raise will add about $800,000 to the budget.

July 2019: The Lampasas Independent School District Board of Trustees approved teacher raises totaling $1.5 million for the coming school year.

March 2020: Our school board approved a compensation plan for next year that includes a 7% general pay increase of the midpoint for teachers, clerical/aides, and auxiliary. A general pay increase of 5% of the midpoint for administrators was approved as well.

January 2021: The Lampasas Independent School District Board of Trustees voted Monday night to extend Superintendent Dr. Chane Rascoe’s contract, which now is set to expire in June 2024. Trustees also granted Rascoe a 7% raise, bringing his salary to $169,864 as of July 1. In addition, trustees voted to give all school district employees an additional 10 days of paid leave for “COVID-19- related issues”

Ah yes, those “COVID-19-related issues”. Not Covid, mind you….but any “issues” that “relate” to it as well.

That’s two weeks of vacation for any bullshit you can come up with – like “I think my kid has Covid” or “my husband may have Covid and I have to take care of him”. If there is a single employee of the school system who DIDN’T grab some “Covid” time this past school year, I’d sure love to meet them.

I know our intrepid City council member Cathy Kuehne took HER time off, even though she felt fine!

Ah yes. Pork chops and panko – such a deadly plague.

Anyways, AFTER the school board gives everyone and their assistant a fat raise, they will move on to “plans for a safe return to in-person learning”.

Say what? What plans are there to make? Here is how you do it: pretend it is the year 2019 again and do what you did back then. I’m not sure if the school board reads the news, but The Fauci Emails are putting the nails into the coffin of Covid as we speak.

Of course, anyone with a brain knew that masking kids was moronic a year ago. But NOW you have overwhelming evidence AND anyone who wants the untested and experimental fluids injected into their arms should have done so by now.

There is ZERO excuse not to get rid of ALL the Covid bullshit. Masks, Lysol, Plexiglas, bus fumigation, water fountains covered with trash bags – you name it. Get rid of it ALL.

Will the school board be wise enough to do that? I’d put my money on “no”. But we shall see tonight.

Notorious Morons All Silent As Fauci Emails Prove Us “Conspiracy Theorists” Correct

Back from a week vacation and ready to rip Covid Cult morons to shreds once again.

The silence is DEAFENING from the likes of Heath Bishop, Potato Head Stephanie Fitzharris, Melissa Johnson, Bruce Haywood, Lola Barnes, Karen Spivey-Cummings, Julie Cain Landrum and the rest as Fauci’s emails are released to the public.

Oh, what’s that, Fauci Muppet? If you feel perfectly fine you DON’T need a mask? Gee. You don’t say.

It’s been a hell of a week. While I was away, more and more studies have concluded that (1) lockdowns did NOTHING to prevent the virus spreading, (2) masks are ineffective and (3) The “lab leak” theory appears to be more and more likely and there is evidence Fauci buried it.

NOW, we have Fauci caught red-handed lying over and over again. Thank God for Judicial Watch and all their FOIA requests. I think I’ll donate yet another chunk of money to them today. They are a fantastic organization.

What do you mask loons like Covid Rat Julie Cain Landrum have to say NOW?

An apology would be nice. Even better would be to put you in the stocks in the town square and throw rotten tomatoes at you for the weekend, you absolute loser morons.

But no. All we get is crickets. I don’t think they are even embarrassed about being so wrong all the time. They are completely unaware of their own idiocy.

Very sad.