Kokomo Tribune; Kokomo, Indiana

Letters

January 10, 2013

Letters to the editor - Friday, Jan. 11, 2013

Lifting debt ceiling will cause rating cut

On page A5 of the Kokomo Tribune Jan. 6, there was an article entitled, “Obama wants action on borrowing limit crisis”.

The sixth paragraph reads, “But he [President Obama] said he will not compromise over his insistence that Congress lift the debt ceiling. The nation’s credit rating was downgraded the last time lawmakers threatened inaction on the debt ceiling, in 2011.”   

The credit rating of the United States was not downgraded because lawmakers “threatened inaction.” It was downgraded because the debt ceiling was once again raised with no serious plan to decrease spending.

Now President Obama has vowed he “will not comprise” – his determination is clear – the debt limit WILL be raised. And if President Obama’s insistence in raising the debt limit becomes reality, another downgrading of America’s credit rating will likely become reality too.     

Added to massive debt increases and the lowering of America’s credit rating, if President Obama gets his way, he will not need the vote of Congress to authorize future debt increases.

He will have full authority to truly take the United States over the financial cliff – the financial cliff of no return.  

Shelley G. Jones, Bringhurst

Peru GOP continues to butt into business

Once again, we see Peru Mayor Jim Walker whining about loss of tax collections and tax properties. What is amazing is I do not see the mayors from the surrounding communities doing the same.

Yes, they have the same problems, I am sure, but they deal with them without trying to change the rules.

In the most recent commissioners’ sale (Spring ’12), there were 87 parcels that were sold with taxes being collected on those parcels – taxes that would have been otherwise lost forever. Out of the 87 properties sold, 38 have been transferred to new owners, with 26 of them being in the city and then paying $16,115.37 in 2012 property taxes – also taxes that would have been lost. (These 26 would be equal to 161 other properties paying $100 a year.)

Also collected on those same properties was $29,949.24 in taxes from the commissioners’ sale, for a total of $49,064.61.

Of the 26 properties that were sold in the city, three responsible local investors bought eight properties for a total of more than 30 percent of the total redeemed.

The mayor should be reminded that on these properties, the investors do not get homestead credits, no supplemental credit, maybe a mortgage deduction. As usual, the mayor whines on either side of the coin, those who pay nothing or less than $100 a year, saying that city services cannot be supported on this amount of revenue, but also about the other side, where the investors are paying large annual amounts of taxes on the properties that they own, with the mayor saying they need to be “monitored.”

If the proposal is to “monitor” the tax sale properties, then do not discriminate – all properties need to be “monitored,” which is not currently being done. Even when complaints are filed, nothing is done.

For having a Republican mayor and a majority Republican council, the party that flies the banner of not interfering in business and having lower taxes, in this community at least, does not hold true, as more rules and regulations are passed yearly, with attempts to micromanage the city and implementing endless taxes and “user” fees.

Wayne Bunker, Peru

1
Text Only | Photo Reprints
Letters
  • LETTERS: No excuse letting trimmings rot at curb No excuse for letting trimmings rot at curbWe live in a recently annexed, east-side subdivision — a nice, clean, well-kept subdivision where almost all homeowners take pride in and maintain their homes and lawns.Before the annexation, we paid for our

    July 29, 2014

  • LETTERS: Parents taking fun out of youth sports Parents taking fun out of youth sports I enjoyed reading the article, "Nation's youth sports leagues on troubling decline," by Bill Stanczykiewicz, CEO of the Indiana Youth Institute, and the last paragraph, a quote by Dr. Bill Dexter, president of t

    July 28, 2014

  • LETTERS: Putting economics before responsibility Veterans, retirees need tax deductionsAre you receiving either an Indiana property tax Veterans Disability Deduction or an Over 65 Deduction? I was, however, this year I learned otherwise. My property taxes payable this year, as compared to the prope

    July 27, 2014

  • LETTERS: Mast homestead celebrates 150 years Mast homestead celebrates 150 yearsThe two-story frame, Pennsylvania-Dutch style house on the Larry and Barbara Hensler farm 2 miles west of Plevna is 150 years old this year. In fact it may even be a little older than that. Lloyd Hensler used to say

    July 25, 2014

  • LETTERS: Christians must stand with Israel 'As Christians we must stand with life' The present conflict in Israel is with Hamas, recognized even in Egypt as a terrorist organization. Recently Hamas formed a unity government with the Palestinian Authority in Gaza. They're now the government in

    July 24, 2014

  • LETTERS: Let's hope 7th Circuit sides with couples Let’s hope 7th Circuit sides with couplesIf you blinked over the past month, you probably missed some news about marriage equality in Indiana.First, a federal court ruled that the state’s ban on marriage for same-sex couples was unconstitutional, whi

    July 23, 2014

  • LETTERS: Trust chemical, seed firms and the FDA? Trust chemical, seed firms and the FDA?Let’s see ... Mr. Don Villwock, Indiana Farm Bureau president, wants the FDA to define what genetically engineered foods are, and then he wants it to be optional or voluntary for food companies to tell consumers

    July 22, 2014

  • LETTERS: Show support where you spend money Show support where you spend moneyReinvest in your community. It is something you hear often, but what does it mean and how do you effectively do it?Thankfully, there are people in our community who can give six-figure donations to projects like the

    July 21, 2014

  • LETTER: Highway plan short on alternatives Highway plan short on alternativesAs reported Monday, the usual business interests have once again trotted out their usual list of highway projects they want built. Maybe it is time for us to ask for more efficient use of our existing highways and st

    July 20, 2014

  • LETTERS: GMO letter writer gets it wrong GMO letter writer gets it all wrong Indiana Farm Bureau applauds Rep. Todd Rokita for co-sponsoring HR4432, the Safe and Accurate Food Labeling Act. A letter in the July 10 issue of the Kokomo Tribune criticized HR4432 and Rep. Rokita, implying that

    July 18, 2014

Latest news
Featured Ads
Only on our website
AP Video
Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue Raw: Corruption Trial Begins for Former Va Gov. The Carbon Trap: US Exports Global Warming UN Security Council Calls for Gaza Cease-fire Traditional African Dishes Teach Healthy Eating 13 Struck by Lightning on Calif. Beach Baseball Hall of Famers Inducted Israel, Hamas Trade Fire Despite Truce in Gaza Italy's Nibali Set to Win First Tour De France Raw: Shipwrecked Concordia Completes Last Voyage Raw: Sea Turtle Hatchlings Emerge From Nest Raw: Massive Dust Storm Covers Phoenix 12-hour Cease-fire in Gaza Fighting Begins Raw: Bolivian Dancers Attempt to Break Record Raw: Israel, Palestine Supporters Rally in US Raw: Air Algerie Flight 5017 Wreckage
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.
Obituaries
Poll
Kelly Lafferty's video on Tom Miller