News from “East Penn” and the Mortgage Bailout
Jul 15th, 2008 by Randy Toman
This comes from our man inside Julian Stolz, you can’t get any more inside. What a mess, this is worse then a bunch of drunks in a wine cellar. Read it and weep.
“Last night (7/14/08) in East Penn we approved $9,845,000 in bond borrowing by an 8-1 vote. Guess who the 1 was?
We approved an 800 student elementary school by a 6-3 vote (Prinzinger, Stolz, and Gannon voting no) at a time when our High School is over capacity and our elementary schools are under capacity by a combined 290 students. This will trigger an additional $15 million in borrowing (debt) added to our current $150 million debt.
That’s just some of the things the East Penn School Board accomplished last night.”
This comes to you from another tireless worker, who gets it, and isn’t afraid to tell Liberal’s or the RINO’s. We have got to be sick and the fact is the latest poll tells us that. 70% of the people believe the politician are a pack unto themselves, and have their own interest at heart.
http://lvpoliblog.blogspot.com/2008/07/mortgage-bailout-bad-policy-worse.html
Giving the others the benefit of the doubt on the Bond issue, it was listed as a refinancing on the agenda but a bond sale document on the resolution. I voted no on the general principle of being against more borrowing. Mr. Prinzinger said he believes this will actually save the taxpayers $127,000. The Board President, Ms. Francee Fuller said she believes it will be a savings of $170,000. If either of those are the case I hope the money will be given back to the taxpayers in the form of a rebate.