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Couple of Thursday a.m. thoughts and links:
- Yesterday, the U.S. Senate’s Subcommittee on Communications, Technology, and the Internet held a very interesting discussion on the future of journalism, newspapers and what, if anything, the government could do about what’s happening to the news industry. Our name came up a couple of times.
Here’s the video from it. The discussion starts at 60:00 and at 1:45:00 Sen. Claire McCaskill asks a pretty interesting question from our point of view.
Also, the Knight Foundation, which is a generous supporter of our efforts, has a great collection of links about the discussion here.
- So Chula Vista. Voters couldn’t have sent a clearer message. I think they should now keep something in mind.
I received this message from Mitch Thompson.
Mitch was the supporter of the 1 cent sales tax measure whom I recruited to write from that perspective when we had the three columns about whether residents should approve the increase or not.
He seemed resolved:
The voters spoke with a loud, clear and sobering voice yesterday. They don’t want a tax increase at this time. The old adage that timing is everything holds true with our Prop A measure. The timing of the state sales tax increase created a mountain that was too high to climb right now. It is time for everyone who cares about Chula Vista to roll up their sleeves and work with the mayor, council and city manager to make the strategic cuts that are necessary to keep our city solvent and functioning while, to the extent possible, minimizing the impact on our community.
I admire his determination but I don’t think his take on what to do now is right.
First, as I wrote months ago, the state’s decision to raise its sales tax, and therefore everyone’s, doomed Chula Vista’s efforts to raise theirs even more. Remember, though, I said Chula Vista was doomed to confront insolvency and bankruptcy.
The last thing Chula Vista residents should do now is allow the politicians, like Thompson says, to do everything possible to avoid insolvency. The Chula Vista general fund is horribly burdened by liabilities that are growing and it’s looking at revenue projections that are nothing but negative.
A frank discussion of bankruptcy must begin. Bankruptcy is not a failure. Bankruptcy is what you do when you accept that you’ve failed.
- Unfortunately, the audio from our economic forum from April 23 didn’t come out too well. Sorry about that. I know several people, even some of the 150 or so who had attended the forum asked about it.
If you’re really interested in it, here’s the mp3. You can kind of make it out, but if the speaker didn’t talk directly into the microphone, you’ll have to strain and there’s some digital feedback or something that really makes it tough.
Again, sorry about that. Now we know what to do for next time.