Thursday, May 24, 2012

Disgusting Rhode Island and Studio 38

I think they need to change the name of the State of Rhode Island and Providence Plantations to, "Nausea Island and Providence Robber Barons."  While driving home to Rhode Island the other day one of the first things you notice is a rest stop along Route 95 that is now closed to the public.  This rest stop was recently constructed, within the past 8 years, and cost the state $millions to construct. Why is it closed?  Simply put, the state refuses to hire anybody.  There is no problem building facilities, but damned to hell if anyone wants to hire people to care for those facilities.

Now we come to the predicted demise of "Studio 38", the Curt Schilling gaming company that was heralded as a savior for the Rhode Island economy and that was granted $75 million in loan guarantees from taxpayer money.  To follow the story more closely, I suggest you visit RIFuture.org.  This is the best progressive political site in Rhode Island. 

Yes, Rhode Island has not only stolen from the future financial security of its public employees by attacking pension systems state wide, but it has stolen from everybody throwing money at ill-conceived ventures.  Rhode Island acts like a venture capital firm, but is never successful with its investments.  This has to be the only state that built a major downtown hotel (The Westin) and then suffered operating losses of $25 million per year for over a decade.  This has to be the only state that is stupid enough to guarantee the profits of a gambling casino which will one day cost $millions because of the casino bill in Massachusetts.  This has to be the only state that stupidly backs a gaming company that could not raise its own revenues from venture capital sources. How about spending over $44million on the new Wickford train station that nobody uses. These disasters are just the tip of the iceberg.

This state has robbed from the poor and middle class to give to the rich and there is no sign that it is willing to stop.  Sounds like Republican politics but beware, we happen to live in a "Republicrat" state, if you know what I mean.  The state has reduced the state work force by over 3000 employees during the past 10 years while the state budget skyrockets to new heights each and every year.  Stop blaming the public employees and stop stealing from them.  Rhode Island is throwing its money away in the direction of rich people and that is why our unemployment rate remains higher than 11% and is growing all of the time.  As our problems grow, the state continues to throw money haphazardly in every direction except the right one.  Government has to do what it is suppose to do. Government needs to use its tax dollars to educate, regulate, protect, and preserve.  Government should not be in the "business game". 

Until Rhode Island can move in the opposite direction of its leadership and whiny radio talking heads, you can expect higher unemployment, growing government debt and the scapegoating of public sector employees.  Welcome to "Nausea Island"!

tomtoak