Mitch Daniels and Indiana Republicans sneak another $51 million dollars under the table to the banking cartel

Just in case you missed it, Indiana’s house and senate passed a budget last Tuesday, narrowly avoiding a state government shutdown that would have started on Wednesday morning at 12:01 AM.

Aside from an embarrassing  memo leaking out from Republican Senator Jim Leising asking basically to the effect of “We’re gonna get paid for this special budget session spurred out of the crises that Indiana Republicans have caused, right?” right after being one of the Republicans voting against the budget, the other interesting point is that they’ve left the governor’s gimmick “rainy day surplus” untouched.

The “surplus” came about largely from the governor’s treasonous auctioning off of state assets such as the Indiana toll roads to private companies (some completely owned by foreign companies) over the past several years.

This fund reportedly has about a billion dollars in it. thats $1,000,000,000 just so there are no confusions.

Being exceedingly generous and assuming that Daniels and Friends have stuffed a billion dollars into a proverbial mattress somewhere, and assuming inflation between 2006 and 2008 is roughly the same between 2009 and 2011 (when this budget expires), the state will have lost over $51 million to inflation, which is essentially the hidden daylight theft of money by the Federal Reserve caused by currency manipulation. (Which is fairly easy to do when the value of a dollar is not tied to anything).

Now assuming that they shove it in some kind of “safe” long term investment fund, we may “only” lose $30 million or so in the next two years to the banks assuming we earn 1-2% interest.

But what if we invest it in potentially higher return gambles? Glad you asked! Like when we had $2 billion to begin with (back in 2004-2005-ish) and Daniels cronies made sure to invest heavily in Fannie Mae and Freddie Mac’s junk mortgage scam that fell apart last year.

Yes, I get the distinct impression that before this is over with, and Mitch Daniels is out of office when his constitutional term limit ends in 2012, we’ll be lucky to have $900 million left after he sat on a pile of $2 billion and let $1.1 billion slowly bleed back out to the banksters in the form of deliberate bad investments made with his campaign contributors and inflation.

Elect a Republican, get a crook. What else is new?

Edit: Just for fun, $1.1 billion divided by Indiana’s 2008 estimated population of 6,376,792 (which includes minors who pay no taxes and disabled people and seniors who live off the government) equals $172.50 for every man woman and child. Money blown by Governor Ditch Mitch, which could have been used for infrastructure spending (which creates jobs), or a two year exemption from state income taxes for every working person in Indiana.

Instead that $1.1 billion is now firmly in the hands of the rapacious corporate sharks and banking cartels that caused the economic collapse of 2008, who are now laughing their asses off at how fucking stupid Indiana’s Republican voters are.

The TEAbaggers who are protesting over-taxation are predominately Republicans and Libertarians (peas in a pod), so why in the name of Zeus’ butthole can’t they figure out what a organization of criminals and buffoons they keep voting for?

I know you people are probably reading this, and I know how much you people love the bible, so go read Genesis 25 verses 29-34 (yes I’ve read more of the bible than most Christians have I’m sure) and reflect upon the story of Esau selling his birthright for a mess of pottage (a bowl of lentil stew), now here’s the kicker….that’s you.