bakkenboomorbust.com bam boom bubble bust bump bang
You Are On Search Bakken/North Dakota Equity Taxes & Gimmicks & Fake Facts Boom Or Bust Page
"New Bold Leadership In The White House And In Bismarck"
The Phrase Was Coined By Now North Dakota GOP Governor Doug Burgum - The Only Candidate For Governor To Endorse Trump

What Was It Doug Burgum Said They Are To Get Elected? - Money Squanders, Career Politicians & Good Old Boys
Yep, "New Bold Leadership" - Burgum Doesn't Say Or Do A Thing Since He Became One Of Them


When The Next Generation Asks You, Why Didn’t You Do Something? Why Didn’t You Speak Up? What Are You Going To Say?

You Can Pay Off Your Mortgage - Create Equity - But You Will Never Pay Off  Bureaucratic Runaway Property & Sales Taxes - Your Renting & Buying From The Bureaucrats.
 
Do You Know Where Taxmakers Tax Slave's Are When There Spending, Indebting, & Taxing? There Out Working To Pay Equity Taxes & To Keep A Decent Life For Family & Or Themselves!
For What Is Lost In The Great Equation Is The Rising Price Of Everything To Pay Taxes, Health Care & Big Pharma - Its Unsustainable - A Cancer On The Great Society - The Snowball To Hell
If You Attempted To Drain The Swamp - They Would All Be Sucked Down & Drowned In The Rabbit Hole

There Has Been A Lot Of BOOM's In North Dakota In Recent Year's & As With Oil -  The Revenue Streams Have Not Benefited Taxpayers - Only Indebted Them!

This Page's Layout Guide
 L to R - Top To Bottom
In 2018 More Cuts
Or More Taxes
No Gimmick Pain Relief
09-2017
Gimmicks Fake Numbers
10-2017
The Vision Cost Of Living Tax!
Dumb & Dumber Say Goodbye Me  My  Mine
Grave Decisions Jails - Debt - Booms Big Ideas Big Results
08-2018
Stockpiling Taxes
Double Dipping Your Money
Master Of Puppets
08-2018
House Of Cards
09-2018
Dow Now & Then

High Plains Reader

ND xPlains
Public School Safety
Assaults - Death Threats






If You Live In ND You Are Being Taxed To Death - To Poverty - Moving To North Dakota - Think Again - Read The No Gimmick Relief Letter From Our Tax & Equity Leaders
& The Line Of Equity Hype They Would Even Think To Publish - Then Read The Gimmicks & Fake Numbers Letter From Robert Hale Of Minot

ND Funds - Balances
What do they ever plan on doing with this money?

"We also have an obligation to return the excess revenue our strong economy has deposited in the state treasury to the taxpayers.
After all, it is your money, and we are committed to significant and sustainable relief from the burden of property, sales and income taxes.
While there are many plans on the table today, we can guarantee you that before the session ends, you and your family will see real tax relief."
The Vision By - Carlson, R-Fargo, House majority leader. Wardner, R-Dickinson, Senate majority leader. - They Say They Have An Obligation To Return That Money - Have You Received Yours Yet?

If They Wont Do What We Elect Them To Do & Respect Our Wishes, Our Money, Our Lives - Then As The Young People In Florida &
 Across This Nation Say - Vote Them Out - Vote Them Out - From Federal To State To County To City - Vote Them Out

For All The Hype About The Big Time Energy Production State You Would Never Know It In Taxes - A House In Minot Paying $4000 to $5000 A Year In Property Taxes - Thats More Then Amelia Island Florida!
Minot Has The Highest Water & Sewer Rates In The State - City, County, School Taxes Are Being Raised.
Ward County Tax Parcel Viewer - gis                                                                      Property Tax Viewer
Here is another sign of the Times for Minot & Ward County
Tax Delinquencies Rise

Equity Is Used In It's Definition - The Quality Of Being Fair & Impartial & The Value Of That Fairness & Impartiality - As In Well Managed Business Equity Debt - As In Well Managed Public Equity Debt Created By Local, State & Federal Leaders
 The Democracy That Gives Taxpayers A Say In That Equity Debt. As In New Airports, New Public Structures, New Schools, New Jails, Healthcare, Law Enforcement, Addiction Recovery, Tax Reduction, Private Investing, More Government & Bureaucrat Waste.
Thank God For Bold New Leadership That Is Of A Equity State Of Mind. No More Money Squanders, No More Career Politicians, No More Good Old Boys, No More Tilting At Windmills Whose Foundations Are Anchored In Swamps.


Just then they came in sight of thirty or forty windmills that rise from that plain. And no sooner did Don Quixote see them that he said to his squire, 

"Fortune is guiding our affairs better than we ourselves could have wished. Do you see over yonder, friend Sancho, thirty or forty hulking giants? I intend to do battle with them and slay them.
With their spoils we shall begin to be rich for this is a righteous war and the removal of so foul a brood from off the face of the earth is a service God will bless."


Return To Bakken/ND Real Estate Boom Or Bust Page Return To Bakken/ND Index-Home Boom Or Bust Page

2018 More Cuts Or More Taxes Or More Equity?
Return To Top Of Page

Second Largest Gas & Oil Production In The Union & We Dont Have Any Money? & Taxes Keep Climbing - Whats Up With That?
Governor Calls For Budget Cuts

He Should Be Screaming
The answer is simple raise property equity taxes and sales equity taxes. Thats what they keep doing, why stop.
Raise Wages, God knows a lot of state employees are not making enough to make ends meet. If you raise there wages they will get more done.

Did the legislature consider cutting all the unbelievable wages being paid?
Dozens of political appointees receiving 11k a month, doctors receiving 31k a month.  There supposed to be equity servants of the taxpayer!
State Payroll Roster

The average median income in ND is $60K a year. There isn't one state, county or city employee who should be paid more then that.
Then you would see a change in the way things get done!
ND Median Income

 Here is a prime example of taxpayer equity!
One example Burgum offered is the state has 800 legacy information technology programs. The Information Technology Department spends 91 percent of its time operating those legacy systems,
9 percent of its time growing existing system and zero time on transformation, Burgum said.

How many websites does the state have? A Lot. There are 5 pages of ITD employees!
State Payroll Roster Page 3

Why don't they get the state highway department to stop salting roads that don't need salting and when they do it turns to ice!
When they really need to be out salting and plowing there not!


 Here is why Burgum needs a sword not a scissor to cut the budget & how the can just keeps getting kicked down the road
Come On!
Cut these cronies at the state fair - $18,500 a month for a manager and assistant manager!
State Payroll Roster Page 117
When the fair looses money year after year!

Rewarding A Looser!
They want the Ward County Historical Society off the fairgrounds so they can build a Convention Center - While in Minot aren't there enough centers already?
Based on the years of loosing money the state should look at moving the fair to Bismarck or Fargo for better numbers and or replacing the management.

NDSF Manager Happy With Court Ruling

The NDSF "Should Represent" The Past, The Present, The Future, of North Dakota
It Does Not.


 Ask yourself a few things about the Fair.
Why is it that every food vendor there charges $8.00 or more for anything. A hot dog, a coney dog, a burger, 8 bucks, 8 bucks, 8 bucks!
 Why is it to exit the main parking lot you have to drive through the ditch? One way out through the ditch!
Why is it for local talent karaoke and free stage bands the seating is so screwed up, unlevel, one bench here and one bench there.
For the gate charge and those $8.00 hot dogs, things could and should be a lot better.

Like so many things in the Trump ERA answer the NDSF with your Wallet. Boycott It!

Comments in local paper about ruling. They are valid.




During his campaign for governor, Burgum often talked about shaking up the "good old boy" party establishment and reining in "runaway spending".
Burgum could save the taxpayer a ton of money by not being like his predecessor and paying bonuses to public servants.

You know what you sign up to be a taxpayer public servant or go to work as a taxpayer public servant employee and you don't like the wages.
Then Go Get A Job In The Private Sector & Or Start Your Own Business & See How You like It

If They Wont Do What We Elect Them To Do & Respect Our Wishes, Our Money, Our Lives - Then As The Young People In Florida &
 Across This Nation Say - Vote Them Out - Vote Them Out - From Federal To State To County To City - Vote Them Out


Here is a good selfie of Burgum. I call them names to get elected and when Iam elected I do the same things they did, the laughs on you and your wallet!

Burgum and the Legislature mostly agreed on spending priorities during the session, though friction was evident at times, especially during a fight over a bill limiting a governor's ability

to set salary bonuses for staff.  Burgum won that veto fight with the Legislature by arguing the legislation improperly infringes on the executive branch.

God forbid, just like the last governor lets pay bonuses to servants of the taxpayer, yet alone did the legislature consider cutting all the unbelievable wages being
paid.
Dozens of political appointees receiving 11k a month, doctors receiving 31k a month.  Th
ere supposed to be servants of the taxpayer!

State Payroll Roster

State Employees Receive $2.1 Million In Retention and Recruitment (BOOM) Bonuses 11/2015 - While Crime Rages
The Plutocracy


$100K Alone Went To 5 In Governor's Office Are They Aware And Or Of The One Percent ?

Dick Dever of Bismarck says the state has been competing with the private sector and the $1.5 million in retention bonuses are justified.
You know what you sign up to be a taxpayer public servant or go to work as a taxpayer public servant employee and you don't like the wages.
Then Go Get A Job In The Private Sector & Or Start Your Own Business & See How You like It


What Is It With Burgum & These Selfies?
Stop paying Josh to be the face of North Dakota!
$840,000.00
Not only that why do you want a man who reportedly cheats on his wife to be the face of North Dakota?
Or has that become the norm now for family values, banging anything that will have you! The faces of ND & Washington.
Thats got to turn some decision making heads when planing the family vacation - Da North Dakota or Da Disneyland?
"He Reportedly Bragged About It"
Now imagine the tourism dollars to be had if you had a real family from North Dakota that pays taxes in ND do the commercials!
What was that list from some years ago of ten suggested rules for living?  Thou shall not commit adultery. Lets go to Florida.....

Or would it make more sense to have the face of the nation who is really the face of North Dakota be that person


Her tweet on earth day, so true, but it goes against the grain of the current administration and or she does not know or realize
there are over 20 billion barrels of biocide laced frack water buried buy humans in the earth of western North Dakota, that's taking care of home!
Hydraulic Fracking - Going To Far
Kudos to Cara for standing up and speaking out about the idiots that run the Miss America (whatever it is or has become).
It seems to operate more like Fox News and or the King himself. Thank you Cara Mund.
Miss Voice for Girls and Women, Don't Stop
 Why don't they raise the extraction tax on oil? Even the president has issue on artificial high oil prices. Trump Vs. OPEC

 The President Seems To Forget That The Frackers Need High Oil Prices - But He Seems To Remember What He Said In 2008
Flashback "If I were president, you'd have $30 oil right now," Trump said. "I would call up Saudi Arabia ... and I would say, 'That f***ing price is coming down, and it's coming down now.'
 And you know what? They'd lower that price so quickly, and it would be so easy." Trump In 2008 Interview - Now There Friend's - They Have To Be - They Have The Oil & The IPO
He Doesn't Have To Call - He Just Tweets - His Tweets Are The Yellow Brick Road!
Trump Said The
Market Is Rigged When Campaigning - Seems To Be So - All You Need Is A President Who Tweets About Missiles, Oil, OPEC, Hogs, Soybeans,
Steal, Aluminum, Foreign & National Policy, Trade, War Attack Plans, Flipping, Not Flipping, The Media, The FBI, Etc. It Works Very Well For Traders In The Market!
Its Like Some Weird Subscriber Trade Signal Service To Buy Or Sell - 24/7 & Its Free - TTT Trade The Tweet


 Why The Trump Presidency Is On Track To Add More Debt In Its First Term Then Obama Did In Two Terms - Thats Bold New Leadership!
New Bold Government
"Bold New Leadership In The White House & Bismarck"
They create the illusion of Tax Cuts, Tax Reform while they front load their pockets. While in reality they are back loading increased spending
and debt on your kids, kids, kids backs to raise the dykes around the swamp's they will never drain.
Energy Costs Are Climbing - Farm Commodity Prices Are Declining - Debt Is Exploding - War Is Announced In A Tweet!


I met a man who bought up land  Wherever his feet would tread  He asked me to El Paso  Said I could stay on his spread  He has horses and cows and tractors and plows
And all kinds of money to burn  But how can I get to Texas  When my wheels won't turn  At a college of knowledge I tried to learn  All the tricks to beat the system
I'd hide in nooks and memorize my books  'Till I knew I'd never never miss them  Eventually I got my degree  But the real thing I did learn  You just can't hit your home run  If your wheels won't turn
My Wheels Wont Turn
No Gimmick Property Equity Tax Relief - Our Tax & Equity Leaders - Rich Wardner & Al Carlson
Return To Top Of Page

Property Tax Relief Was Increased In 2017 Session
As Published In The Local Minot Paper 09/28/2017

"Wardner and Carlson spouted their confusing numbers and assertions claiming the Legislature tackled property tax & pain relief.
It was all smoke and mirrors – there was never any actual “property tax relief.” - Robert Hale

Property taxes are a hot topic right now, especially in communities where property tax increases are being considered.
Without exception, no one likes taxes, especially property taxes.
 That said, property taxes are necessary to fund local schools, law enforcement, emergency services and infrastructure.
It is important to remember that responsibility for determining the appropriate use and rate of  property tax rests solely with local voters and elected officials.

As part of that debate, the question has been asked as to what role, if any, the state should play in the assessment, collection and spending of local property taxes?
That is a great question. Property taxes are levied and spent by local governments. The state has little, if any, control or oversight of local property taxes, valuations or spending.

Nonetheless, the Legislature heard the concerns of property owners across North Dakota and, for over a decade, has been committed to doing all it can to reduce your local property tax burden.
 In fact, contrary to what you may have read in the media, the Legislature once again increased the amount spent on property tax relief in the 2017 session to $1.292 billion.

 It all started in 2007. The state Legislature passed the very first attempt to help reduce the burden of property taxes.
This approach provided an income tax credit equal to 10 percent of your property tax bill.  In 2009, we provided property tax mil levy reduction grants  to local school districts.
We quickly realized that in the absence of any real control over local spending, tax rates or valuation increases, the state was on an unsustainable course.

So, in 2013, the Legislature moved to make property tax relief permanent by incorporating it into the school foundation aid formula and requiring schools to reduce their property taxes by 125 mils.
 In 2017, we also replaced the 12 percent property tax buy down with permanent state funding for county social services, which covered up to 20 mils in county property taxes.

What does this mean for  property tax payers today?
During the 2015 session, legislators provided $1.241 billion in property tax relief, including $977 million in school tax relief, $241 million to fund a 12 percent property tax buy down and
$23 million to cover the costs of county child welfare and elderly services. During the 2017 legislative session, legislators provided $1.292 billion in property tax relief,
including $1.131 billion in school tax relief,  $160 million to cover the costs of county social services and another $23 million for county child welfare and elderly services.
In total, we increased state funded local property tax relief by $51 million during the 2017 session compared to the 2015 session.
No gimmicks, no funny numbers, just the facts that show our real commitment to property tax relief, even during difficult times.
But our work did not end there. We also passed property tax reforms including the truth in taxation legislation, which requires local government to notify taxpayers of all local taxes to be
 assessed and requires property tax statements to clearly show the taxes levied in dollars, not mils. As local communities and voters evaluate their current property tax assessments,
 remember that any increase at the local level is likely an increase in taxation by your local government and not the effect of state property tax relief reductions.
Of course, the effect on individual local taxing entities may vary, but the combined effect should be revenue neutral on your property tax bill.
While painful, we encourage local elected officials to make spending cuts before increasing property taxes.


Nothing But Gimmicks & Fake Numbers - Robert Hale
Return To Top Of Page

Gimmicks Funny Numbers & Fake Facts
As Published In The Local Minot Paper 10/09/2017

Minot - A recent letter to the editor from Sen. Rich Wardner and Rep. Al Carlson was dismaying to say the least. It contained a number of troubling inaccuracies.
These Senate and House leaders stated,  “Property taxes are necessary to fund local schools.” This is absolutely inaccurate.
 Our state constitution clearly states funding public schools is the responsibility of the state,  not local political sub divisions.
It also states that the state is not permitted to use property taxes to fund anything other than 1 mill for support of a state hospital.

Further, the state is sitting on more than $3.6 billion dollars in the School Lands Trust money. 98-plus percent of which is invested in Wall Street assets.
As of 6/30/16 not a dime was invested in North Dakota public schools. As of 3/31/17 more than $624 million was invested in national real estate ventures – none in our school buildings.

Wardner and Carlson tell us property taxes are needed to fund most infrastructure. This is not true. Roads, water, sewer, garbage and the like should properly be funded with user fees.
 Gas tax is actually a user fee. User fees are the appropriate way to fund roads and infrastructure.

Wardner and Carlson tell us the state has little, if any, control over property taxes. This is also untrue. Just ask any county councilman.
The state has a property tax manual – it’s 27 pages long – and lists virtually everything imaginable. In order for local jurisdictions to receive state funds
(from state sales, income tax and other state revenue) they must impose state mandated mills as a condition. I believe that might be considered control.
ND Property Tax Manual
Wardner and Carlson went on to describe how many billions the state has spent since 2007 to reduce your property taxes. Then they noted,

“We quickly realized (in 2009) that in the absence of any real control over local spending, tax rates, or valuation increases the state was on an unsustainable course.”

What they didn’t tell you was how many billions (more than $4 billion), over the last ten years, they appropriated and spent to subsidize
the college education of non-resident students whose parents pay no North Dakota taxes.

Fellow taxpayer, this is the truth. Government is out of control and what it is doing is unsustainable – EXCEPT – it isn’t.
Regardless of what Wardner and Carlson say, your taxes are going to continue to go up and up and up. This is directly the result of their mismanagement.

Property taxes are political leaders’ ace in the hole. And that’s why government loves property taxes. People will pay their property taxes no matter how painful. Why?
 Because failure to do so results in the Sheriff selling your house and putting you and your family on the street or in government subsidized housing – which, of course, government controls.

Wardner and Carlson spouted their confusing numbers and assertions claiming the Legislature tackled property tax relief.
It was all smoke and mirrors – there was never any actual “property tax relief.”

Funding schools is not property tax relief. It is a constitutional mandate and using property taxes to meet this state obligation conflicts with our constitution’s mandate to the state.

The School Lands Trust is sitting on $3.5 billion of public school money – invested in Wall Street – not our schools.
This fund is growing by hundreds of millions annually. Yet, virtually all is invested in Wall Street. Not a very safe place at the moment, by the way.

During the 2006 downturn our Wall Street investments lost almost 40% of their value. Be prepared. Such a repeat is more likely than not to occur again.
So much for responsible fiscal management.

With straight faces, Wardner and Carlson tell us,
 
“No gimmicks, no funny numbers, just the facts that show our real commitment to property tax relief, even during difficult times.”

Humm… “Even during difficult times.” These leaders led a spending spree, over the last ten years, that defies logic and good management.
 They burned through billions with no let up in taxes. Taxpayers received virtually none of the billions in windfall revenue from oil and gas.

They funded infrastructure with ‘one time spending.’ This guaranteed that we would get no tax relief. It was foolish because infrastructure is appropriately funded with long-term debt.

Jurisdiction after jurisdiction increased local option sales taxes. Today, North Dakota’s average sales tax has jumped from 5 percent to 7.5 percent.
That’s a 50 percent increase. Income taxes have not abated. Property taxes are higher today than ever.

These political leaders have the gall to tell us, “While painful, we encourage local elected officials to make spending cuts before increasing property taxes.”

When our oil windfall came these same individuals spent like drunken sailors. Instead of lowering taxes they refused.
They took billions in oil revenue, washed it through what they call the Strategic Investment and Improvement Fund and foolishly spent it on what they called – ‘one time spending.’
Thus, no tax relief for us.

The fact is there is only one way to reduce our tax burden. That is to take away some of government’s sources of revenue.
The only way to keep us secure in our home and not have to rent our own homes from government is to eliminate government’s ability to tax our homes.

What spending can be cut? Maybe we start by looking at the more than $3.6 billion we spend in North Dakota on welfare.
According to recent reports our state has the lowest unemployment rate in the nation. North Dakota spends more on welfare than all K-12 and Higher Ed combined.
Since 2005 welfare spending has gone from $1.5 billion to $3.6 billion per biennium.

It’s time to care for our families and home security. Tell our elected officials they need to do the “painful” job they are elected to do and cut the size and cost of government.
 It’s time they represent those of us who work and pay taxes, not special interests.

I, for one, am tired of these officials playing games with gimmicks, funny numbers, convoluted excuses and fake facts.

Maybe it’s time we assert ourselves and take our government back. A good start might be to take away the property tax power.
 Clearly, our elected officials have lost control and no longer deserve to continue holding our homes hostage to their mismanagement.


The Rich Wardner & Al Carlson (Illusion) Taxpayer Equity Vision
Return To Top Of Page

The 2013 Vision - After all, it is your money, and we are committed to significant and sustainable relief from the burden of property, sales and income taxes.
So Much For That Vision

As Published January 2013

We live in an incredible time in North Dakota history. The state's growth in our economy, population and wealth is unprecedented.
 These achievements are even more impressive when viewed against the backdrop of the national and world economy.

Growth in the oil industry has helped propel our state's recent success. And while we didn't put oil in the ground, we have worked hard to help make sure
North Dakota can take full advantage of energy resources.  But the story of the state's success isn't just about energy development.
Virtually every segment of the economy is growing including agriculture, advanced manufacturing, tourism and information technology.

As leaders of the Legislature, our first priority will be to do all we can to ensure the continuation of robust economic growth.
 We must and will continue to empower private enterprise to create more good-paying jobs across our state.
And we must diversify our economy as a hedge against being too reliant on any one sector for long-term prosperity.
To accomplish that goal, we will continue to strengthen the business climate through regulatory and tax reform to attract private investment, high-paying jobs and economic diversity.

We recognize that economic success has also created challenges, and we are prepared to meet these challenges head on.
We stand ready to make historic investments in infrastructure. We will make major investments in road, flood and water projects across North Dakota over the next two years.
 And that is in addition to major infrastructure investments we have made over the past several bienniums.

Our willingness to invest in the future extends to education. Not only do we have a constitutional mandate to adequately fund education,
we have a moral obligation to ensure we have given children the tools they need to succeed. To meet that challenge, we are planning to increase investment in local schools to help
offset the pressures of population growth, ensure all children receive a quality education and prepare kids for a future bright with opportunity.

We also have an obligation to return the excess revenue our strong economy has deposited in the state treasury to the taxpayers.
After all, it is your money, and we are committed to significant and sustainable relief from the burden of property, sales and income taxes.
While there are many plans on the table today, we can guarantee you that before the session ends, you and your family will see real tax relief.

To sustain our plan into the future and protect residents from tax increases, we must build a strong reserve.
 Reserves are a hedge against a volatile national economy and overzealous federal regulations. Anything less is irresponsible.

By building a strong reserve, cutting taxes wherever we can and making prudent investments in priorities, we can and will make North Dakota an even better place to live,
 work and raise a family. That is the promise Republicans make as we deliberate during the legislative session.

Carlson, R-Fargo, is House majority leader. Wardner, R-Dickinson, is Senate majority leader.


The Cost Of Equity Living In The Bakken Equity Tax
Return To Top Of Page

The Current State Of Bakken Energy Independence - Letter's to the Minot Daily - 08-13-2017 Special Tax ?
Call It The ‘Cost of Living In Minot’ Tax

Troy Johnson - Williston - I see a solution to Minot’s money problems, to start with, do what the oilfield does, lay everyone off, start over at a lower wage,  take all the benefits away,  including vacations
and start from scratch. Also the ones that can’t get laid off gets a 10 percent cut, including the city attorney. Second, start bidding things out and stick to the amount, if the company doesn’t  follow through,
  make sure they  can’t work in the state anymore. I suggest using local help and negotiate better, buy cheaper slightly used equipment, I know health care keeps going up and that is the governments fault,
  run the police cars  another year, things like that. Or raise everyone’s property taxes at least 10 percent, and call it cost of living in Minot. Williston is not far behind, with its $250 million deficit.


Dumb & Dumber
Return To Top Of Page

Dumb & Dumber - A Postcard Tax Filing - They Forgot The Part About Donating To Their Campaigns
When was the last time you were able to do a paper return - you end up at ripmeoffonmytaxreturn.com just to do a simple 1040EZ
Where does your SS # go and the secret code you create every year that has to be cross matched with last years secret code or to these two, Hoeven & Cramer.
Identity theft doesn't matter?
Since they voted to take away your right to sue banks and credit agencies.

You Can Only Reduce Taxes Once You Reduce Bureaucrat Waste
- "Drain The Swamp" As That One Guy Is Always Saying!
Over 21 Trillion In Debt - Over 151 Trillion In Unfunded Liabilities - No Nationwide Healthcare - Them Double Dipping Social Security
North Dakota Over $7 Billion In Debt -
ND - Debt & Spending
That's Roughly $10,000.00 For Every Man Women & Child In North Dakota - Without Interest

USA Debt Clock
ND Debt Clock

Why is it a struggling adult with a child gets a credit and a struggling adult with no child does not?
Why is it you get a earned income credit for earning less and having children to earn even more earned income credit?
There should be a I knew I was struggling and would place a burden on a child with my struggling credit
They could add one more line and call it the  - I Kept It In My Pants Credit
Then one more line for donations to Big Pharma so their buddies can pay the lawsuits underway about Opioid's
This Is What These Two Federal Taxmakers Come Back To North Dakota To Show People
A Postcard  -   Its A Comedy Show
It has to be, because where are the 20 pages of formulas you will need to fill out to even get to a number on anyone of these credits?
For if we had a functioning Federal Government one would simply log into the IRS database and everything is or would be electronically reported and you would file your return.
Including all your Alleged & Non Alleged Insider Stock Trades When Your A Sitting Congressman & Corporate Insider

Trumps Favorite GOP Congressman Chris Collins Arrested For Insider Trading
Apparently the post card tax return didn't have any lines for Trading results and the use of Campaign funds for legal bills!


These Two Tax Leaders Are GOP & They Say Or Do Nothing In Response To The President

Cramer Gets Behind Trump - Not ND Farmers
The Trump Presidency Is On Track To Add More Debt In Its First Term Then Obama Did In Two Terms The Balance Thats Bold New Leadership!

Cramer & Chris Collins - One can only imagine what they are talking about at the Facebook Hearing?
Collins is looking at 150 years in prison for insider trading. Lets see how loud he can sing and how far he can flip!

Trumps Favorite GOP Congressman Chris Collins Arrested For Insider Trading



More Dumb & Dumber
They Gained National Attention For Their Tax & Pain Attitude For Women

Sundays are for “spending time with your wife, your husband… Making him breakfast, bringing it to him in bed and then after that go take the kids for a walk.”

“I don’t know about you, but my wife has no problem spending everything I earn in 6 and a half days.”

This Is Really To Much - taxed to addiction and death, women are struggling to keep family and home together and these two tax and pain leaders are the lawmakers for North Dakota!
They should get rid of the blue laws and call it the Tax & Pain law - People used to have one job, now they have two or three just to frickin survive.....
Why They Keep taxing and indebting and taxing and indebting and taxing, the kids have to get jobs to have money, this is how removed these tax and pain lawmakers are!
Instead Of Putting Women Down They Should Cut Their Tax Addiction So Women & Children Could Afford To Have Breakfast
 
Ladies - Lawmakers Are Concerned With You Having Sunday Morning Off & Your Lack Of A Sense Of Humor
What Was It Doug Burgum Said They Are? - Money Squanders, Career Politicians & Good Old Boys - The Taxmakers Have A Great Sense Of Humor!!!!

The Plutocracy
 

So tell me what I see
when I look in your eyes
Is that you baby or just a brilliant disguise

What A Brilliant Disguise
Our Taxmakers Should Say A Lot About Women & Girls, Mothers, Daughters, Sisters - Not How They Put Them Down - No Respect!

To Governor Burgum, Senator Hoeven and Cramer
To The Local Minot Paper - 10-29-2017

Krisanna Peterson Bismarck

I hope that your moral judgement compass has been going off. I want to commend what Sen. Jeff Flake’s said today.
 I can tell in his voice he was scared. Finally a republican in our US legislature has said what the president is doing is not acceptable.
 I hope all of you will all consider saying how scary the President is. I am asking for you to stop looking away, from President Trump’s devastating words and actions.
I am grateful for Sen. Flake’s Bravery and Honesty when he stated ” When the next generation asks us, Why didn’t you do something? Why didn’t you speak up? — what are we going to say?”
The President is taking our country to a extremely scary place. Even my Republican friends and family members are in agreement with that President Trump’s Leadership is damning our country.
His actions are clear that my ten year old son, calls out our President for his negative actions. So I can for sure say you very well are aware of Trumps actions!

If you call yourself Christian? I know that Governor Hoeven is Catholic and I have seen him at church before.
According to http://www.catholicnews.com from 5/9/16 Pope Francis stated “Health is not a consumer good but a universal right, so access to health services cannot be a privilege.
What all of you have been voting or recommending is not Christian! What would Jesus do? Would Jesus take from the poor and give to the rich?
Take away medicaid and medicare? Take away Education for Head Start and Pell Grants. You all are aware the trickle down system doesn’t work.
You know why the democrats didn’t vote for the last bill on taxes. You can claim it’s for the middle class but it is NOT for the middle class.
You can only trick others so long. I am aware of what is going on and my ten year old is aware we are all tired of your lies. Lying is not Christian!

I hope all of you have a open town hall soon. I believe Cramer will. I have been trying to meet with Governor Burgum and Senator Hoeven about my family situation since April.
 I think it’s time that both Burgum and Hoeven have a Open Town Hall.

I am waiting…Concerned North Dakotan Catholic Mother
It's sad that a ten year old knows he is being lied to. By his government.


Say Goodbye
Return To Top Of Page

Consumers Loose The Right To Sue Companies
Courtesy Of The Congress - Making America Great Again

So when your chasing your identity around the world you can bend over for Equifax
When you find out you have an account at
Wells Fargo you never opened you can stay bent over!

Why would Hoeven vote any other way - he owns a bank!

The Taxpayer's Interest & Right's Always Come First

How does that work, the company that's supposed to hold your credit and personal identity in trust looses that information and you have no right to sue for damages!
The company that's supposed to hold your money in trust opens an account in your name and charges you fees and reports you to the company that lost
 your identity because you didn't pay the fees and you cant sue for damages! The congress passes a law that says their correct and your wrong. What's Next?


They'll Probably Pass A Law That Protects The Rights Of Hackers! Or Did They Just Do That?

Hoeven Voted Yes - Oct. 24 2017 Heitkamp Voted No - Oct. 24 2017 Cramer Voted Yes - July 25th 2017

Remember Bank Is A Four Letter Word

Me - My - Mine - They Are Going To Sue The Governor
Return To Top Of Page

"No one can spend money except us," Carlson said. "No one can pass laws except us."
North Dakota Legislative Panel To Sue Governor Over Vetoes

A bipartisan panel of North Dakota lawmakers voted Thursday to sue first-term Gov. Doug Burgum over his veto powers, saying its aim is to protect the integrity of the Legislature.

The Legislative Management Committee voted 12-4 to pursue the lawsuit in North Dakota's Supreme Court, which would make it the first challenge over vetoes in the state's highest court in nearly four decades.

Grand Forks GOP Sen. Ray Holmberg, who heads the committee of lawmakers that oversees the Republican-led Legislature's business between sessions, said he didn't expect the lawsuit to be filed for "months."

The dispute centers on Burgum's use of his line-item veto d to change parts of several spending bills. Legislators contend he violated his veto powers by deleting words or phrases that would have
 changed the intent. He used his veto powers a week after the Legislature adjourned on April 27.

Burgum, who is also a Republican, said a lawsuit would be a waste of money. He said his office will "respond accordingly to any legal action that attempts to infringe on executive branch authority."

The decision to sue came after the committee met for about an hour behind closed doors with private attorneys to talk about litigation strategy.
It likely was the first time that North Dakota lawmakers have closed a public meeting to discuss any issue.

"We are making history today," Holmberg said.

Burgum signed 440 bills in the session. He vetoed three bills entirely and made line-item vetoes in 10.

The nonpartisan Legislative Council, which is the Legislature's research arm, has said Burgum altered legislation on spending bills at least four times,
including a three-word phrase forbidding a university from cutting "any portion of" a nursing program.

In his veto message, Burgum called the phrase ambiguous.

"This is all about protecting the legislative branch of government," said Republican House Majority Leader Al Carlson of Fargo, the vice chairman of the committee.

"No one can spend money except us," Carlson said. "No one can pass laws except us."

The Legislative Council estimated the cost of the lawsuit at about $34,000, including $2,000 already spent on Bismarck attorneys Randall Bakke and Shawn Grinolds for consultation.

The state constitution gives the governor power to veto provisions in a spending bill without rejecting the entire measure. Carlson and Republican Senate Majority Leader Rich Wardner of Dickinson
 requested an attorney general's opinion in May, questioning whether the governor could veto parts of appropriation bills in ways that change the legislative intent.

Wardner, who voted against pursuing the lawsuit, believed the "integrity of the Legislature is in question here," but worried that the Legislature was on "thin ice" and may not prevail in the state's high court.
 He said he preferred calling lawmakers back to Bismarck to address the vetoes.

Returning to session would cost an estimated $80,000 a day, not including legal costs.

Most others believed the state Supreme Court needs to settle the dispute because the issue could come up again.

"I think we need clarity for the people of North Dakota," Fargo Democratic Rep. Kathy Hogan said.

Burgum's relationship with the Legislature was testy even before he took office. The former Microsoft executive ran an outsider campaign for governor,
 angering legislators with TV ads claiming they had squandered much of the state's oil bounty and criticizing what he called the "good old boy" establishment.

He bucked party tradition and ran against longtime Attorney General Wayne Stenehjem, the Republican establishment's preferred candidate.
Burgum won the primary easily before winning the general election in a state that hasn't elected a Democratic governor in more than a quarter-century.

Burgum and the Legislature mostly agreed on spending priorities during the session, though friction was evident at times, especially during a fight over a bill limiting a governor's ability
to set salary bonuses for staff.  Burgum won that veto fight with the Legislature by arguing the legislation improperly infringes on the executive branch.
God forbid, just like the last governor lets pay bonuses to servants of the taxpayer, yet alone did the legislature consider cutting all the unbelievable wages being paid.
Dozens of political appointees receiving 11k a month, doctors receiving 31k a month.  There supposed to be servants of the taxpayer!
State Payroll Roster
State Employees Receive $2.1 Million In Retention and Recruitment (BOOM) Bonuses 11/2015 - While Crime Rages


$100K Alone Went To 5 In Governor's Office Are They Aware And Or Of The One Percent ?

Dick Dever of Bismarck says the state has been competing with the private sector and the $1.5 million in retention bonuses are justified.

Grave Decision's
Return To Top Of Page

The Tax(Leg)islature Has & Had Access To All The Data In The World & Choose To Ignore It - They Went With Hype - The Money
Some Of The Most Expensive Production Of Oil In The World & They Played It As Going On Forever - Oil Price Has Returned To The Mean
They Choose To Ignore When It All Went bam - boom - bubble - bust - bump - bang

 
Burgum got elected governor claiming the tax(leg)islature had squandered much of the state's oil bounty and criticizing what he called the "good old boy" establishment.  He was correct.
Now you hear nothing from him and he wants the E&P's to shoot for two million barrels a day, while they still burn off 13% of the daily natural gas. Which is increasing.
The extraction tax should be based on waste, not on good old boy welfare to the E&P's. The dumbest person in the world can take production data, decline rates, SEC filings and see this is a lost cause.
One has to ask you blew through billions on crap that was never needed, have left the Bakken towns over a billion in debt and are sitting on $8 billion in cash with $7 Billion in state debt, do you cover your bet
and call it a day? Or do you keep feeding the tax slave's a line of crap about pain? North Dakota was never this way, it was a state based on being very conservative. You sold the hype to the new comer,
to the county's, to the town's, to the dog in the street, you either did not do due diligence, or you just choose to ignore it and keep selling the hype, while everybody else bought it you kept selling them short!

If the USGS is correct in there being four billion barrels of recoverable oil in the bakken and you could bring it all to the surface tomorrow,
 The USA could burn through it in the course of a year! - The world burns a billion barrels every eleven days.

"When The Landscape Is Quiet Again"

Billions Collected
County Concerns - 2011
Unprepared Fiscal Policy 2012



A Great Thank You To Art Berman At artberman.com  -  For The Amazing Data He Compiles

A Great Thank You To Rune Likvern At fractionalflow.com  - For The Amazing Math He Compiles

A Great Thank You To Enno Peters At shaleprofile.com  -  For Visualizing US Shale (Tight Oil) Production
Jails & More Taxes
Return To Top Of Page

Seems a little late to finally consider how we deal with people in trouble. Tens of millions spent on jails and taxed onto the taxpayer to late.
Better later then never? NO. The warning lights were flashing back in 06-07
It just now in 2017 is seen as a problem, after the counties have gone on a jail building binge!
The state has a budget of $215 million for prisons in 2017-2019. The counties are above and beyond that.
Those jails will suck the taxpayer dry for years too come. For all the empty man camps and shut down business work yards that could have
 been utilized as work camps, training, reform, addiction and recovery while serving a sentence with some intent of reforming the offender.
Why do we lock up minor offenders, people with addiction issues, people who do just dumb things in cages that are of the level you would
lock up a terrorist or some hideous offender? Those cages should be kept for animals who are never ever going to change.
Not only that we live in a society of delusion, materialism, drugs, alcohol and just being taxed to death. It seems futile to try and succeed!
Putting people in cages does nothing to help them be people, putting taxpayers in debt does nothing to help these people.

The cost of prison's in ND could quickly exceed
$485 Million

Justice Reinvestment Act - Seven million dollars over two years is $9589.00 a day, how much of this will go to more staff to ad-minster it?
According to 
NDJRAPDF  Page 28 no less then six new employees will be hired, that will easily eat up a million dollars in two years.
(true definition of a bureaucracy, create a position and insulate by five layers and get that five layers to do the same)
So now were down to $8219.00 a day, divide that by the eight largest towns in ND and it gives $1027.00 to do what?
Six million dollars divided by 757,000 people in ND is $7.92 per person, divided by two years, 730 days is $.01 per day per person.
How much of this will actually trickle down to people that really need help? There's not much there, in fact there isn't squat.
It should have been $70 million and one mean humble person outside of the rabbit hole to manage it.
The counties all went on a
Jail Building Boom and they are going to fill those jails.

There Has Been Alot Of BOOM's In North Dakota In Recent Year's & As With Oil The Revenue Streams Have Not Benefited Taxpayers - Only Indebted Them!

Jail Boom Drug Boom Sex Crime Boom Poverty Boom Heroin Boom
Gang Boom

 
Big Ideas Big Results - Rich Wardner & Al Carlson
Return To Top Of Page

"Excludes the 9 largest oil and gas producing counties (their previous funding stays in place") ND has 53 counties.
"Big Ideas Big Results" - $280 Million minus $40 Million for Cass County Leaves 43 Counties to about $5 million a piece.
Its Laughable - Carlson is in Cass County & Wardner is in a Oil Producing County.

As Published In The Local Minot Paper 08/05/2018

How Have All North Dakotan's Benefited From the World Class Oil Play?
At least they call it what it is, a Oil Play not a Oil Field, a Oil Play is about speculation, massive debt, drill the sweet spots and short term,
A Oil Field is established by drilling from the outside boundaries and in filled long term.

North Dakotan's have benefited greatly over the last decade by the world class oil play in the Bakken.
 As revenues began rolling in from oil taxes, the Republican led legislature, along with the voters, put various funds into place to make sure that the money was both spent
responsibly  and saved for future generations. This careful planning has led, in part, to several funds, or “buckets,” established by the legislature to distribute spending on a priority
basis, starting with the General Fund and ending with the Strategic  Investment and Infrastructure Fund (SIIF). This SIIF fund has filled even when oil revenues were at their lowest.
In 2015, the legislature passed the “Surge Bill,” which  distributed  $1.3 billion SIIF dollars for essential infrastructure funding to communities across the state.
Because of the oil boom, much of the Surge funding was allocated in  western counties to deal with community impacts associated with rapid growth.
 It was the right thing to do for western North Dakota. But now it’s time to refocus our attention to  non-oil counties.
 The package rolled out last week would provide $280 million in funding for critically needed infrastructure improvements in non-oil producing cities and counties.
While funding to oil and gas producing counties and hub cities will continue, the new package specifically targets these non-oil areas. This package takes an innovative approach
 to funding these essential state-wide infrastructure projects and is not solely based on oil price and oil production. Here’s how the new package would look:

2015 - $1.3 Billion, went to the Oil Producing Counties, 2018 - $280 Million for the rest of the State to catch up, "Big Ideas Big Results".
With $40 Million going directly to Cass County - Home of Carlson.
The whole $280 million breaks down to $1 dollar a day for a year, for every person in ND. - 280 million divided by 735,000 people is $1.04 a day.
North Dakota operates on a two year Biennium budget so make it $.50 cents a day, so every three days you might afford a Candy bar.
"Big Ideas Big Results".

Creates three new “buckets” above the SIIF in the state funding mechanism from oil taxes

— $115 million County/Township Infrastructure Fund

— $115 million Municipal Infrastructure Fund

— $50 million Airport Infrastructure Fund

The Municipal Fund and the County/Township Fund “buckets” fill simultaneously. The Airport Infrastructure funding would only begin once the aforementioned buckets have filled.
 Here’s how the funds would get allocated to communities:

County/Township Fund ($115 million):

— Excludes the 9 largest oil and gas producing counties (their previous funding stays in place)

— Provides $10,000 per township outside of the nine oil counties (capped at $15 million)

— Remaining $100 million distributed to remaining counties based on needs determined by the Upper Great Plans Transportation Institute

— Municipal Infrastructure Fund ($115 million)

— Provides $30 million in base funding to communities with a population over 1,000 to be paid out once $30 million is reached.

Remaining $85 million will be paid when filled once based on:

— A funding formula based on a previous year’s census, a 3-year average of population growth and a 3-year average of taxable valuation change

— Airport Infrastructure Fund ($50 million)

— Awards grants to be administered by the North Dakota Aeronautics Commission

Most importantly, this new package will focus on reducing the local tax burden for these non-oil counties and cities.
For example, Fargo, West Fargo, and Cass County will see an additional $40 million in infrastructure dollars for roads, sewer, water and other essential infrastructure needs.
A dollar through this program to Fargo, is one less the city has to tax its citizens for these projects.

We want to make sure we have a stable formula for our community leaders to plan now and in the future.
We are proud of the hard work we’ve done to put this proposal in place.
Having big ideas and following through on them is why we’re elected, and we will continue to do that as your leaders.

The whole $280 million breaks down to $1 dollar a day for a year, for every person in ND. - 280 million divided by 735,000 people is $1.04 a day.
North Dakota operates on a two year Biennium budget so make it $.50 cents a day, so every three days you might afford a Candy bar.

"Big Ideas Big Results".

"buckets" Full Of Cash

The "Big Idea"
Is to spend $280 Million, which would be 3.2% of whats in the $8.7 Billion dollar bucket!
 Laughable is the "Big Result"

 ND Funds - Balances

How Have All North Dakotan's Benefited From the World Class Oil Play?
At least they call it what it is, a Oil Play not a Oil Field, a Oil Play is about speculation, massive debt, drill the sweet spots and short term,
A Oil Field is established by drilling from the outside boundaries and in filled long term.

 Billion's In The Bucket - "Big Idea - Big Result"


One North Dakotan Gets It
As Published In The Local Minot Paper 08/26/2018

Republicans gave away too much oil revenue
Kenton Onstad Parshall

"North Dakotan's have benefited greatly over the last decade by the world class oil play in the Bakken."
Wardner & Carlson said those words, think about it as you read this letter. Oil Play - Oil Field
At least they call it what it is, a Oil Play not a Oil Field, a Oil Play is about speculation, massive debt, drill the sweet spots and short term,
A Oil Field is established by drilling from the outside boundaries and in filled long term.

In response to the recent article by Sen. Rich Wardner and Rep. Al Carlson ” Big Ideas, big results” they make what could have been
“So Simple” very complicated. You cannot deny the Bakken oil play has been a huge benefit to the entire state of North Dakota.
 At the beginning, our money coffers were very low and the development of our oil resources provided an opportunity to help many North Dakotan's.
 We did that, but along the way, we helped a lot of non-North Dakotan's as well.

The huge impact to western North Dakota could have been prevented by not allowing an open door to oil permitting and still receive the benefits.
 That decision alone by the Republican-controlled Industrial Commission gave oil companies a 5-year window to secure hundreds of thousands of leases.

“Drill Baby Drill” was the word and former governors John Hoeven and Jack Dalrymple both took credit for a booming economy and discovery of a natural
resource that was there long before statehood. The “Drill Baby Drill” open door policy alone created turmoil amongst communities in Western North Dakota.

The Republican controlled Legislature wants to take credit for futuristic planning but in reality, as the sessions plugged away, it was mostly reactive
rather than proactive. The State of North Dakota could have easily adopted the funding formula so that 40% would go back to western oil producing counties
 like our counterparts in adjoining oil producing states have adopted. Oil producing counties along with cities and counties would not have had to go begging
 each session and tell the same story; how the state needs to address the impact to cities, counties, townships and schools in western North Dakota, and the need for
increased funding. Remember the actions to lower other revenue streams put a certain restraint on the growing state’s economy and very needy programs.

They would not have had to go around the entire state promoting a surge bill and fill it full of trinkets to entice eastern legislators for their vote.
 The need for the hub city concept would not have been necessary to address impacts on infrastructure. Sending small bits back to cities and
 counties in western North Dakota and praising the delivery as a huge investment by the Republican Legislature was misleading and inadequate.

It could have been so simple but we grew government and made it very complicated.
There would have been plenty to improve infrastructure, support schools, counties and cities all across the state but remember the
 Republican controlled Legislature had to lower income and corporate taxes that went to a majority of entities outside the state of North Dakota.
A Oil Field Would Not Display This Type Of Financial Chart - A Oil Play Would - Where Is The Green?



Stockpiling Taxes - Double Dipping Your Money
Return To Top Of Page

Here Is Another Award Winning "Big Idea"

Have the taxpayers pay interest on loans to borrow money from the Tax Revenue (Legacy Fund) to pay for taxpayer project's.
That is a Ponzi Scheme that Escapes the Imagination - Next they will want you to pay Income Tax on your Taxes!
Stockpiling Taxes
Since when in the Hell should Taxpayers pay Interest on Tax Revenue that was supposed to be used for the Taxpayer?
Since when did the Taxpayers Tax Revenue become a Bank? With the Taxpayer paying Interest to have Their taxes used for the Taxpayer.

Ask Yourself ?
Does the Fed or State pay you Interest when you have been over paying Taxes for the year?
Does the Fed or State pay you Interest on your paid Taxes until they are spent?
Does the Fed or State pay you a dividend or portion of Interest on Taxes they have Stockpiled?

Does the Fed or State charge you Interest when you haven't paid enough Taxes or pay your Taxes late?

What Was It Doug Burgum Said They Are To Get Elected? - Money Squanders, Career Politicians & Good Old Boys
Yep, "New Bold Leadership" - Burgum Doesn't Say Or Do A Thing Since He Became One Of Them


 Billion's In The Bucket - "Big Idea - Big Result" - Lets Loan The Tax Revenue Back To The Taxpayers!

  "New Bold Leadership In The White House And In Bismarck"
The Phrase Was Coined By Now North Dakota GOP Governor Doug Burgum - The Only Candidate For Governor To Endorse Trump

 Now Governor Burgum Called His Opponent & State Legislators "Money Squanders, Career Politicians & Good Old Boys" To Get Elected


"Master Of Puppets"
Return To Top Of Page

"How Bribery, Intimidation, Shut Down FBI Investigations, Mysterious Phone Calls, are Changing The States Political Landscape In Favor of Big Oil"
As Published In The High Plains Reader August 2018
Master Of Puppets
Trump said the following at a June speech in Fargo ND with Harold Hamm in attendance & it went something like this
"Harold Hamm - He puts a straw in the ground & oil comes out - There squeezing this oil from rocks".
Trumps Fargo Speech
So why did Trump have to call Saudi for oil when Harold can stick straws in the ground and get oil?
So how many straws would it take for Harold to ratchet up 2 million barrels a day in new production by the end of the day?

Based on the combined production of the big 3, Bakken, Permian, and Eagle Ford of 33.4 bbl's a well per day March 2018,
You would need 59,880 more straws (wells) at a estimated $8 million a well is some $479 billion

The Bakken by itself, 84.1 bbl's a well per day April 2018, you would need 23,781 more Straws (wells) at a estimated $8 million a well is some $190 billion
The Eagle Ford by itself, 29.9 bbl's a well per day March 2018, you would need 66,890 more Straws (wells) at a estimated $8 million a well is some $535 billion
The Permian by itself, 24.5 bbl's a well per day March 2018, you would need 81,633 more Straws (wells) at a estimated $8 million a well is some $653 billion


Bakken/North Dakota Average Permian Basin Average Eagle Ford Average

So When You Need Straws At A Speech You Call Harold Hamm? - When You Need Real Oil You Call Saudi?
One who would describe the Exploration of Hydrocarbons as Simple as using a Straw has No Concept of the Risk and Reward and Cost of this Chore! Yet alone the Financial and Global Ramifications of Failure.

Define Straw Man - An intentionally misrepresented proposition that is set up because it is easier to defeat than an opponent's real argument.

Harold Hamm is the CEO of Continental Resources - His net worth is dependent on high oil prices - As of August 2018 CLR has $6.1 billion in debt & $98 Million In Cash
You would think with all the hype and the ability to produce Oil with Straws the debt would be $98 million and cash on hand would be $6.1 billion
In Comparisons - Exxon has as of August 2018 $40 billion in debt and
$4 Billion In Cash Saudi Aramco is privately held by the Kingdom and is valued at $2 Trillion

The Inflatable Baby Trump Is Available At

Mad Dog Pac .com
It will take a lot of straws to suck up all that debt.


North Dakota Finances Are A House Of Cards
Return To Top Of Page

As Published In The Local Minot Paper 08/09/2018

North Dakota finances are a house of cards - Lloyd Omdahl

 We have the well-plugging fund, budget stabilization fund, abandoned mine fund, highway tax distribution fund, Legacy Fund,
coal development fund, Center of Excellence Fund and a few dozen more funds listed on the home page of the state treasurer.

I would also recommend checking the five charts on her website explaining the oil tax distribution system we have patched together since oil was discovered in 1951.
The only thing we lack is a “go-fund-me” fund.

This house of fiscal cards has been created and compounded by a part-time Legislature that doesn’t have time to organize a rational funding system based on sound tax principles.
 Every session seems to create more funds in response to the whims of interest groups and other beneficiaries.

Toward the end of the last legislative session, in an unusual burst of generosity, the Legislature appropriated over $10 million to give every one of our 1,100 townships $10K each.

It wasn’t even Christmas but every township was going to get money even though the population and need varied widely from county to county.
 The taxpayers were saved when Governor Doug Burgum vetoed the measure.

According to the media, we now have a group of eastern legislators planning to get some of that western oil money for infrastructure.

Now they have reason to be envious. To accommodate the development of the Bakken, the state was overly generous with local communities –
new schools, new highways and new county and community staffing. The west needed help and got it.

After 10 years of this, some eastern legislators are wondering whether or not the rest of the state ought to share the spoils, raising the issue of equity in the entire state budget.

The state tax and spend system is a royal mess. The helter-skelter cramming of a burgeoning budget into an 80-day biennial legislative session is futile.
When we keep managing fiscal affairs without the availability of thoughtful study, decisions are made on the basis of politics.

Take the Legacy Fund being fed millions of dedicated oil dollars every month. The fund boasts over $5 billion and is still growing.
Was there any rational discussion preceding the dedication of this money? Were there alternatives proposed and evaluated?

No, the Legislature put it on the ballot as a constitutional amendment. Why a constitutional amendment?
 So that future legislatures couldn’t spend it – an assumption that future legislatures would not be responsible or frugal.

Sponsors and defenders of the Legacy Fund will justify it by arguing that the people voted for it. No, the people voted for “Legacy” because all legacies are good.
 Attach “legacy” to a steamboat on Lake Sakakawea and the people will vote for it. However, all legacies are not equal.

There was too little research at the legislative level. What were the principles of taxation considered? Who has a legitimate claim to the oil money?
 The folks in the western part of the state? All citizens of the state? The present generation or future generations?

On the whole, the North Dakota tax system is regressive, meaning that the lower income people pay for more than their fair share for
governmental services because the progressivity of the income tax is more than offset by the regressivity of the sales tax.

Our response is that the lower-income people require more than their share of governmental services therefore they ought to pay more than their share of taxes.
 But this blanket generalization does not result in equity.
All low-income people do not use governmental services equally so we end up with a system that benefits some and punishes others.

Cleaning up this 200-year-old pile of incoherent fiscal legislation will not be easy. But we could apply better equity tests to new proposals.


Then 1917 & Now 2018
Return To Top Of Page

Those Who Cannot Remember The Past Are Condemned To Repeat It Geroge Santayana So Are Those Who Do Not Study Their History
In Recent Past The USA Went Into The Worst Financial Crisis Since The 1930's Dow Crash - Just A Short Ten Years Ago - Those Equity Debt Issues Still Exist
With Bold New Leadership In Washington & Bismarck - There Is Just No Way This Can Happen Again - Is There?

You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring Teens Of Now - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - At War & The Rumblings Of More War 

Dow - 2018
The (Trump & Dump) Rally Is Unstoppable - It Goes Against Underlying Fundamentals - It Has Got To Be Bold New Government Driving It - Building Equity



You Cant Help But Give Equity To The Charts - The Comparisons Are Startling - The Roaring 1920's Of Then - Never Ending Equity & Debt
The Nation In A Opioid Epidemic - Yes - Yet Alone You Had A Constitutional Prohibition On Alcohol From 1920 To 1933
 The USA Entered WW1 In 1917 & Some 20 Years Later WW2 Started - The USA Engaged In 1941

From Teddy To Trump - Big Pharma - Epidemic Then - Epidemic Now

Big Pharma Then & Now Plays & Played A Role

Big Pharma Then
The U.S. government’s investigation of all the factors leading to the Second World War in 1946 came to the conclusion that without IG Farben the Second World War would simply not have been possible.
We have to come to grips with the fact that it was not the psychopath, Adolph Hitler, or bad genes of the German people that brought about the Second World War.
Economic greed by companies like Bayer, BASF and Hoechst was the key factor in bringing about the Holocaust.

 
The Dow In The 1920's - Price Would Retrace 123% Before It Found Bottom & Start A Depression That Lasted Until & Into WW2
The Stock Market Underwent Rapid Expansion, After A Period Of Wild Speculation - Sounds Like Now - Crash Started Oct.1929  


What Are The E-mini's What Are Trading Robots

What Are Fibonacci Retracement's ?
2018 Fibonacci Fivots - The Robots Have Gone To Them Like A Magnet


Return To Top Of Page



Seems it's just another day Guess I'm goin' another way Away from home
Away From Home


We're setting sail To the place on the map from which no one has ever returned
Drawn by the promise of the joker and the fool By the light of the crosses that burn

Oh, save me. Save me from tomorrow I don't want to sail with this ship of fools

Ship Of Fools

Return To Top Of Page

As A Investor One Should Always Do Due Diligence To Protect Oneself.
One Can Only Interpret The Unknown Right Hand Side Of The Chart By Gageing The Known Left Hand Side

  "New Bold Leadership In The White House And In Bismarck"
The Phrase Was Coined By Now North Dakota GOP Governor Doug Burgum - The Only Candidate For Governor To Endorse Trump

 Now Governor Burgum Called His Opponent & State Legislators "Money Squanders, Career Politicians & Good Old Boys" To Get Elected


To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided on this website,
 or for any direct, indirect, consequential, incidental, special or punitive  damages that may arise out of the use of information we provide to any person or entity
(including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

IF YOU DO NOT AGREE WITH THE TERMS OF THIS DISCLAIMER, PLEASE EXIT THIS SITE IMMEDIATELY.  PLEASE BE ADVISED THAT YOUR CONTINUED USE OF THIS SITE
 OR THE INFORMATION PROVIDED HEREIN SHALL INDICATE YOUR CONSENT AND AGREEMENT TO THESE TERMS.


Honor - Respect - Freedom - Country - USA
anchor <a name="----">----</a>