BELO After Debate Presser with Debra Medina

[LibertyEagle]

YouTube - Pt. 1/2 Debra Medina post Belo Debate News Confernece 01-29-2010 (http://www.youtube.com/watch?v=wvW-Pb3UwFw&feature=player_embedded)

YouTube - Pt. 2/2 Debra Medina post Belo Debate News Conference 01-29-2010 (http://www.youtube.com/watch?v=iGGrweHwPGw&feature=related)

[ForLiberty-RonPaul]

KBH and Perry still didn't talk to the press?! jeeeezus....

[tpreitzel]

Look at that introduction. If such tact doesn't endear her to media, nothing will. Gracious. Courteous. Intelligent. Charismatic. Wow, Debra has those qualities that I definitely see in a future POTUS. ;)

[Kotin]

she is an amazing candidate..

[ForLiberty-RonPaul]

the city of Houston faced bankruptcy?! didn't even freakin' know that! was that under Bill White?!?!

[dr. hfn]

she's great!

[pacelli]

She mentioned today's moneybomb at 2:20 in the second video!

[Ron_Paul_Knows]

the city of Houston faced bankruptcy?! didn't even freakin' know that! was that under Bill White?!?!

Apparently it's true. Someone did a fact check on that claim by Debra.
[/URL][URL]http://www.webcogito.com/2010/01/31/houston-is-technically-bankrupt-continued/ (http://www.webcogito.com/2010/01/31/houston-is-technically-bankrupt-continued/#more-3806)

[AdamT]

Donate like hell tomorrow for Deb!

[Chester Copperpot]

ut oh.. looks like the NWO has fires raging in Texas, Kentucky, and Connecticut.. as well as all the states doing the 10th amendment thing...

maybe david rockefeller will just say fuck it and go to the beach and enjoy himself

[ForLiberty-RonPaul]

well this seals the deal for Bill White. there is no chance in hell he'll get elected. I can't believe they kept this quiet.

http://www.scribd.com/doc/21619848/Lemer-Farb-Roberts-assessment-of-City-of-Houston-Finances-22-October-2009


City of Houston
Disturbing Financial Facts—October 2009
By: Bob Lemer, Aubrey M. Farb and Tom Roberts

The City of Houston is financially broke and it appears that the mayor who takes office in January 2010 may have to captain the City through bankruptcy procedures.
The City’s unrestricted assets were $1.2 billion short of the already recorded corresponding liabilities these assets were needed to pay as of fiscal year end June 30, 2008,according to the City’s latest publicly available audited Comprehensive Annual Financial Report (CAFR). The $1.2 billion shortfall was a result of operating losses totaling $1.5 billion for fiscal years 2004-2008, applying the full accrual basis of accounting used in the private sector.

Apparently the City has no idea as to what has transpired financially since June 30, 2008 or will transpire this fiscal year ending June 30, 2010, on the full accrual basis of accounting. But even on the modified accrual basis of accounting (essentially cash basis) followed by the City and all other municipalities, the $236.8 million fund balance in the City’s general fund as of July 1, 2009 (the beginning of this current fiscal year) would not exist except for the City having deposited the proceeds of pension obligation bonds into the City’s general fund instead of depositing them in their legally required immediate destination, the pension plans’ bank accounts.

The City is in this dangerous financial position because its total spending since fiscal year 2003 has greatly outstripped its total revenues in that period. And the rate of growth in the City’s total revenues since 2003 has, in turn, greatly outstripped the City’s rate of growth in population plus inflation.

Thus the City’s problems are a result of greatly overspending and not a result of insufficient revenues. All of this occurred before the current severe recession. Now the City has the added burden of the recession.

The City is in a real financial dilemma, because now its two principal sources of general fund revenues are in trouble—sales taxes and property taxes. Sales tax revenues already are dropping significantly and property tax revenues will commence dropping at an even more rapid rate after the next annual appraisal and assessment process. And the City will have to go to the voters for any contemplated rate increases in either the sales tax rate or the portion of the property tax rate allocable to operations.

It appears to us that there may be no viable alternative to bankruptcy proceedings and thereby positioning the City to regain control over its overspending, through addressing structural spending problems such as overstaffing and overly generous employee benefits.

[james1906]

well this seals the deal for Bill White. there is no chance in hell he'll get elected. I can't believe they kept this quiet.

http://www.scribd.com/doc/21619848/Lemer-Farb-Roberts-assessment-of-City-of-Houston-Finances-22-October-2009

The Dem debate is next Monday. I'm curious about Shami, maybe he'll say something on it.

[Jordan]

I love this woman.

[Number19]

How many were in that interview room? Regardless of whether they support her politics, how can any newsman or woman listen to our Debra Medina and not be impressed with her as much as we are. In a (published) letter-to-the-editor I called Debra a political Rock-Star, she projects that quality. tpreizel, at post #3, nailed this quality she has. What a gem!

[thasre]

Okay, so I think it's safe to assume we're all agreed that, assuming Deb wins this thing, she's going to be the Ron Paul standard-bearer for the Republican primary in 2016 or 2020 (depending on how the 2012 election pans out)?

I sure hope so because this woman could run the country.