Milford's Local Tax Burden Nothing Compared To Obama's

Most people who follow the news know that Obama's budget is the largest in US history, far greater than that of every President before him combined. While no one here at this blog is going to focus on who to blame we instead decided to just be an accountant and follow the public debt.

To begin, it is widely published in the local Milford newspapers that our local debt is about 145,000,000.00, money of which is mostly derived from property taxes. The president, and congress pretty much know that they cannot get money in the same way. They also know that Income taxes alone no longer cut it so they instead began a long history of "as in the game of Monopoly" mortgaging America or taking out huge loans on our country, its assets, and its good faith and credit to repay.

This year is the year of debt and acceptance that someone will eventually come looking for their money. The Chinese indicated they are "Concerned over our ability to repay them back."

We all know what happens in those gangster movies when the victims of usury and criminal lending reach an apex. Usually the bad guys begin to break fingers and take stuff of value while the borrowers go into hiding. Well if Argentina should be our model than the thievery will come much in the same style, as we run out of people to borrow from and create rapid inflation, or as Ron Paul puts it a "silent way of stealing from our savings and pensions."

But here is our local dillemma excluding the states problems. This number is just the estimated Obama bill for Milford. This figure is a percentage of Obama's 3.5 Trillion budget of which the city of Milford is now responsible for $612,051,000.00 or simply put take your property taxes and multiply them about six times and we will have funded this this years Federal Budget.



This figure also does not include the 500,000,000.00 the state of CT intends to borrow. Clearly math and accounting is a mere platitude to be ignored when it comes to politics, but what say the bill collectors when they come looking for the money and we have none. Its my opinion that those characters are a bit more challenging than the ones at City hall, what do you think, is this taxation without representation and can you outline anything we got for our 612 Million? One must ask WHERE IS THIS MONEY GOING?

The photo above is the amount of money, apx One Billion Dollars the citizens of Milford paid and borrowed by virtue of Local, State and Federal Government. This amount may very well exceed the one Billion mark when interest is added on the money borrowed in our name. Double click the picture to fully appreciate how much cash that truly is and then ask yourself why you are powerless to stop it, and why this is not your personal or families concern.