Taxes and Deficits: Not Peanuts

Most everyone understand the fundamentals; you can’t cut taxes and reduce the deficit at the same time (unless you are willing and able to cut medicare, social security and defense substantially–the rest of government spending is peanuts).

And exit polls suggested that even these more conservative voters get what the Republican Party leadership still doesn’t: that there is no way to tackle the deficit and slash taxes at the same time. Only 19 percent said cutting taxes was the top priority for the next Congress.

via Election 2010 – NYTimes.com.

People Still Believe in “Old” Florida and Coral Gables Growth

This proves that the old development coalition of developers and unions still think that Florida will return to its old growth of unfettered real estate and commercial development.  The mere thought of Amendment 4 sent land owners in Coral Gables running to the city commission for building zoning exceptions for downtown Coral Gables, and the commission jumped right into the game.

What is almost certain is that it will be a decade before any recognizable real estate investment returns, and it will have to take an entirely different form; so with or without Amendment 4, Florida will never return to the old model of population growth and real estate leading the state’s growth.  George Merrick is certainly turning over in his grave.

Our leaders will have to find a new growth model based on educating people–it is people who count, not land.

Amendment 4 would have required voter approval to change city, town and county comprehensive land-use plans.

Opponents included business groups, developers and some labor unions and they spent more than $12 million. They said Amendment 4 would seriously damage the economy, cost jobs and make it more difficult to lure companies to the state. They also said it will also cost municipalities tens of thousands of dollars or more to run the required elections.

via Florida voters reject land-use amendment – Politics AP – MiamiHerald.com.

Coral Gables has a Fictitious Master Plan, or Is it Amendment 4?

There have been several actions taken recently by the Commission of the city of Coral Gables that demonstrate that its members are 1) captured by developers;  2) captured by the “too big to fail” UM; and 3) desperate for money to pay for huge unfunded liabilities and softball contracts with firefighters and police.

Thanks to the soon-to-be-absent commissioners and mayor, who seem to care little about the future pattern of development of the city after they leave the deus, the city is stuck with a 20-year master plan for UM and a potentially hugely distorted pattern of development, traffic and transportation in the commercial district.  All of this is happening because the commissioners are terrified by the possible approval of Amendment #4 that would take city development out of their hands and put it in the hands of citizens.  Yes, their commitment to developers stand ahead of their belief in local democracy and citizens.  At least, for reasons he had, thanks to Bill Kerdyk for voting against these buildings (but sorry, he voted for the UM master plan and commercial-health district).

Vice Mayor William “Bill” Kerdyk sees a dangerous trend in Coral Gables’ central business district: upzoning properties one at a time.

via Gables approves taller buildings in business district – Coral Gables – MiamiHerald.com.

Find Something Positive for Coral Gables

Our economy continues to grow very slowly, there is no sign of resurging real estate, unemployment remains high and there is no inflation.

Conclusion for the city of Coral Gables:

  • We are years away from better property values
  • Freeze taxes (at least)
  • Don’t raise employees salaries when there is not inflation
  • Get hold of the budget
  • Cut staff
  • Reorganize
  • Cut pensions to the bone (better us the Florida state pension system
  • Reduce the number of “jefes”
  • Commissioners–check on the budget, not the leaf blowers
  • Etc., etc.

The U.S. economy expanded at a 2 percent annual rate in the third quarter and inflation cooled, underscoring the views of Federal Reserve policy makers who say more stimulus will be needed to spur growth.

via U.S. Economy: 2% Growth Confirms Outlook for More Fed Stimulus – Bloomberg.com.