The voice from the Sierra Madre Oriental
and the entrance to our
Quinta Tesoro de
la Sierra Madre
Tuesday, 6 September 2016
Reprint from the Texas Nationalist Movement
The following is an appeal from the Texas Nationalist Movement. Please consider what is being presented. It is not insanity or whatifity. Over 60 per cent of Texians at this point are in favour of withdrawal from the American Union. If either Trump or (sir edmund) Hillary win the coming general American election, it will affect the Republic of Texas in a negative way. Please consider our plight and our solution.
What does it take to make it as an independent nation?
Besides the passion and commitment of a free people committed to self-determination, a lot of things certainly help – a diverse, high-tech economy, proven and immense energy reserves, a well-educated and politically engaged population, sturdy and reliable links to other countries such as road and railways, seaports, and airports, strong independent institutions such as respected and impartial courts, and of course, having the best possible credit rating.
As the Texas Comptroller of Public Accounts notes, Texas currently has AAA credit ratings from Moody’s, Fitch, Standard & Poor’s, and Kroll, making Texas the first and only state with AAA credit ratings from all four ratings agencies. Kroll’s AAA rating is defined as “Determined to have almost no risk of loss due to credit-related events. Assigned only to the very highest quality obligors and obligations able to survive extremely challenging economic events.”
So what does an excellent credit rating mean for Texas?
Generally speaking, a higher credit rating indicates lower interest costs on the general obligation bonds states sometimes sell to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). This, in turn, results in lower interest costs, thereby lowering the cost to taxpayers. If a state receives a lower ranking, or its credit rating is downgraded, the cost of borrowing money goes up, which can negatively affect a state’s budget and economic growth.
Thus Texas is able to take on “good debt” to cheaply finance massive infrastructure and educational projects that keep our state at the very cutting edge. Responsibly taking care of our finances at the state level like we do at the household level has reduced our taxes and increased the efficiency of our spending to be in the best possible spot in this regard.
Why does Texas have such an excellent credit rating?
While every state except Vermont has a ‘balanced budget’ requirement, clearly Texas is taking that more seriously than others – A case in point is the Texas “rainy day fund”, basically a savings account of over $8 billion, stashed away for the most severe of emergencies. Add to this a long record of sustained and timely bond repayments, excellent economic outlook, reasonable and broad taxation policies, and a dash of not relying on oil & gas proceeds nearly as much as you’d expect Texas to do, and that’s the recipe for a great credit rating.
Kroll doesn’t have credit ratings for all fifty states yet, so this reality may change in the near future as they complete additional state credit rating audits. So how rare is a AAA rating from other agencies? Under Standard & Poor’s, Texas is one of only fifteen states with a AAA rating, and this is similar for the other ratings agencies – all other states with AAA ratings are significantly smaller in terms of population and GDP than Texas, with the notable exception of Florida. In fact, other states with comparable population and GDP, such as California and Illinois, have among the very worst of state credit ratings, while even the Empire State and the home of Wall Street, New York, has an average credit rating at just AA.
No doubt Texas will sustain and strengthen our financial responsibility as an independent nation, and keeping our taxes lower and government outcomes better because of it.
WE COMMENT FURTHER:
El Gringo Viejo chimes in with the fact that the Texas State Employees' and Texas State Teachers' Retirement System, etc. have State and self-funded pensions that are kept as accounts per client, with each client having a numbered account and registering the contributions taken and deposited IN THE NAME AND ACCOUNT OF THAT EMPLOYEE. It is not a Social Security Ponzi scheme. Further, these accounts gain interest, and they are hovered over by very conservative (but willing to take small risks) board of governors.
While we shan't divulge the amounts involved, at the risk of having my boss carried away for domestic violence, we assure the OROG community that the system of the Republic of Texas for guarding their geezers who have served the Republic is precisely 437 times better than Uncle Sam's Social Security Ponzi Scheme or the Lottery. This is, however, an indication of how public money is handled by the Republic of Texas as opposed to how it is handled by Abraham Lincoln's and Franklin Delano Roosevelt's spawn.
Considering that we are watching the developments of a political process in which the candidates of the two main parties are each worse than the other, we once again point to the need of the establishment of a separate Republic. We can handle our arguments with the Mexicans much better than Obama, Hillary, or Trump. It is better that we argue, and disagree, and agree with the Mexicans "entre familia". Washington, D.C. is truly not relevant to our conditions or situation.
The Republic of Texas sends one Yankee dollar to Washington and receives 83 coppers in return. The Republic of Texas has a provincial University System that is far superior to any thing the Central Government envisions....,plus, we have a community college system that is in all respects, all but perfect. We have an array of private universities and colleges that take no back or side seat to any other in the North or England.
We have a body of people who know that it is none of the business of the Central Government 2000 miles away which rest rooms are used by whom.
We stand by the cannons, waiting for the orders to reload and fire for effect.