Saturday, November 12, 2011

Winston-Salem Journal LTE's SA 11/12/11

Raising rates
I have watched and listened to all the talk and print about Duke Energy wanting to raise our rates by 18 percent ("Duke Energy CEO made $8.8M in '10," Oct. 29). This is especially galling when I read the shameful salaries these weasels make.
As best I can tell, the top five take around $20.79 million per year, and these lice want more from retired folks like me. If these shameful salaries were cut by 90 percent, there wouldn't be any need to rob their customers.
This seems to be a bigger monopoly than Standard Oil or Ma Bell.

ROGER L. NICHOLS SR.
Kernersville

Discontent
With all the discontent American voters have with our senators and representatives, this may be the perfect time for a constitutional amendment to limit their terms in office.
With unlimited terms, they can stay in office for life. This tends to limit their desire to do what is best for our country, but instead focus on their desire for re-election.
Long-term congressmen get too cozy with lobbyists. They gain power by giving favors to new congressmen, with the expectation of the favors being returned. They become more powerful and influential, and use that for their own agendas. They typically become chairmen of the various congressional committees, which control which bills reach a vote. They can better get pork bills passed in order to influence voters in their states (such as the "bridge to nowhere").
A constitutional amendment to limit terms can be achieved as it was done to limit presidential terms.

FRANK B. NORTHUP
Winston-Salem

Regulation tsunami
After generations of economic growth and job creation, we are now at a crossroads, adrift from the ideals that created the largest, most powerful nation in the world. Astute observers note that it is our inability to govern that brought us to this point. The regulation tsunami is a perfect example.
Federal agencies are paralyzing investment and increasing cost unnecessarily. Business does not want to discard environmental or safety regulations; it wants the opportunity to embrace well-thought-out solutions. Business needs proof that Washington will put our ship on a true course.
The first litmus test will be the deficit-reduction super-committee. All businesses will be watching the players and results closely. Can our elected royalty deliver when presented with complex, profound challenges? Failure can be measured two ways. Directly, we will have automatic spending cuts, which will cause more job losses. Indirectly, we will have continued political dysfunction breeding more fear, envy and resentment.
Failure is not an option for the super-committee. The White House and Congress should move on pro-growth tax reform combined with slowing disbursements to the wealthy, restructure entitlements with needs-based testing, and regulatory reform targeting banks deemed too big to fail (the proposed Volker Rule is 298 pages of confusion). This is not the time to vilify business and sit on our collective successes.
If Washington can draw from the effective governing of the super-committee, a useful model can be derived for the statesmen of the future.

HIL CASSELL
Lewisville

Greenway value
As a frequent traveler on several of Winston-Salem's greenways, I appreciate the Journal's attention to this significant resource ("Local greenways taking root, with room to grow," Nov. 6). Our city may compare favorably to others in the state with regard to greenways built in the past 10 years, but that hardly gives an adequate picture of how our 16 miles really measure up.
Raleigh's greenway system, begun in 1974, currently includes 69 miles, with long stretches connecting many of the city's most popular destinations. What's more, with six substantial projects under construction and another five in the design phase, Raleigh is headed toward an astonishing 100 miles of interconnected greenways.
In Greensboro, where there are already 32 miles of completed greenway, construction has begun on the first phase of an ambitious 4-mile downtown loop that will be unique in the state. In addition, Guilford County's 15-mile Bicentennial Greenway bridging High Point and Greensboro is nearly complete. Many towns much smaller than Winston-Salem, including Wilkesboro, Jacksonville and Sanford, have undertaken greenway projects that are far more ambitious for their size than anything we have or are planning.
Clearly, other cities and towns in North Carolina see the value of a vital, connected greenway system. Improving and expanding Winston-Salem's greenways should be among our priorities, as well.

RICK MASHBURN
Winston-Salem

16 comments:

  1. Raising rates. Your emotions are understandable and reflect the cultural fad of the moment. However, if these Duke Energy top 5 were reduced by 90% in salary....it would not even amount to "spit in the ocean". And yes they are a monopoly- a legal and very regulated monopoly with a negotiated rate of return for their investors. You want to do something useful for yourself? Buy some shares of Duke stock and collect dividends. Last time I saw their stock price, it was around $15.50.

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  2. After looking back at last night's posts, I do detect that our friend Staballoy can be counted among the living?

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  3. mornin' WW, but America is broke. Who can afford stock?

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  4. Discontent. Yes, term limits on the Federal level would be great but I doubt it can pass the Supreme court. Doing what is best for the country is a wide open subject. With decades of Americans sending money to Washington, we too expect something in return: that our government take care of us---just like a lobbyist expects. We can be bought and even demand to be bought. Any politician who votes otherwise or campaigns otherwise will be punished by ...us. "Government is the great illusion from which we all endeavor to live at the expense of everyone else". I think I have that Fredric Bastiat quote correct from the early 19th century. Nothing has changed. If you want a winnable fight, reform the lobbyist's catnip, which is the Tax Code. Make it nearly dead flat and with very low rates. Watch the political bloodshed and enjoy.

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  5. Hey Bob. The Treasury is broke but we still have our "cash for aluminum cans" to fall back on. Is your "stock" low sodium? Ours usually is.

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  6. :) very low, but great dividends

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  7. Sounds like something you can live with.

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  8. Either the posts went all screwy the other day, or Bucky managed to get himself banned from yet another blog. tsk.

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  9. Regulation tsunami. Adrift from our original ideals is true. Watch and see what happens to any pol who suggests we drift back toward our Founding ideals. It is hard to convince a people who have not known freedom to change. It can be extremely frustrating to convince an always free people to be, act and live free- with everything that comes with it. If we have no inability to govern ourselves, it is because we have no more ability to discipline ourselves. The first requires the second. Government fills the void and has now expanded to the point where it has outgrown its people.

    The regulation state is the logical outcome as government is deeply enmeshed in every facet of life. So much so that regs from one agency counter regs from another agency. The answer is always more regs. That is what Congresses and bureaucracies do for their self preservation. Paralysis results in the economy.

    If this "super committe" is to be a litmus...then forget it. It is designed to fail-or in governing class goals- succeed, which is to normal people a failure. Depends on your definition of "failure" and whether you are positioned "above the line or below it". If it "fails", there will be no "automatic spending" cuts. People don't go to DC to cut spending, or if they do they don't have much company or last long. Witnessing the Republicans and the Democrats bicker over the U.S. debt is like watching two drunks argue over a bar bill on the Titanic. Failure is not an option? Failure is the goal. Take heart though, at least the House is funtioning properly. The Senate, however, is not as it can't seem to whack up enough guts to even pass a budget---in over 300 days and counting. The White House is running a re election narrative well in advance of the next election--the do nothing Congress. They mean the Senate?

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  10. First paragraph should read "ability". Not "inability". Darn it. fish are calling.

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  11. I deleted those, Arthur, but he's still welcome to post

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  12. 10 hrs later to Bob: I hope he does post.

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  13. Term limits have nothing to do with the Constitution. It sets no limits for any elected office.

    In the 1990s, a number of states attempted to impose term limits for Congress. The Supreme Court properly ruled that states may make laws affecting matters at the federal level.

    Clearly, Congress CAN make such laws. They did in the case of the president, but because term limits would affect them, it will never happen.

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  14. For WW..."Fishin' Blues" as rendered by Taj Mahal, one of the great American tunes:

    Betcha' goin' fishin' all o' da' time
    Baby goin' fishin' too.
    Bet yo' life, Yo' sweet wife
    Catch mo' fish than you.

    Many fish bites if ya' got good bait,
    Here's a little tip that I would like to relate.
    Many fish bites if ya' got good bait.
    I'ma goin fishin', Yes I'm goin' fishin,
    And my baby goin' fishin' too.

    I went on down to my fav'rit fishin' hole
    Baby grab me a pole an' line.
    Throw my pole on in, caught a nine poun' catfish
    Now ya' know I brought 'im home for suppertime.

    Provin' any fish bites if ya' got good bait,
    Here's a little tip that I would like to relate.
    Many fish bites if ya' got good bait.
    I'ma goin fishin', Yes I'm goin' fishin,
    And my baby goin' fishin' too.

    Baby brother 'bout to run me outta my mind,
    Say, can I go fishin' wi' chu?
    I took 'im on down to the fishin' hole
    Now what do you think that he did do?
    Pulled a great big fish out da' bottom o' da pond,
    Now he laughed and jumped 'cause he was real gone.
    Many fish bites if ya' got good bait.
    I'ma goin fishin', Yes I'm goin' fishin,
    And my baby goin' fishin' too.

    Put 'im in da' pot baby put 'im in da' pan
    Honey cook 'im 'til he nice an' brown.
    Make a batch o' buttermilk, Hoe cakes Mama
    An' ya' chew them thangs an' ya' chomp 'em on down

    Singin' any fish bites if ya' got good bait,
    Here's a little tip that I would like to relate.
    Many fish bites if ya' got good bait.
    I'ma goin fishin', Yes I'm goin' fishin,
    And my baby goin' fishin' too.

    Play da' blues.....

    Betcha' goin' fishin' all o' da' time
    Baby goin' fishin' too.
    Bet yo' life, Yo' sweet wife
    She gonna Catch mo' fish than you.

    Many fish bites if ya' got good bait,
    O Here's a little tip that I would like to relate.
    Many fish bites if ya' got good bait.
    I'ma goin fishin', Mama's goin' fishin,
    And the baby goin' fishin' too.

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