Thursday, October 21, 2010

Government Parasites Seeking BP (NYSE:BP) Fund Money

An increasing number of parasitical government entities are seeking to use the BP (NYSE:BP) escrow fund as a means to make up for budget shortfalls, rather than shrinking the size of government to manageable levels.

One such entity is Santa Rosa County School district, which may attempt to, along with other schools, prepare what are called Request For Proposals (RFP) to present to attorneys to see if any are interested in representing them on a contingency basis.

One wise member of the school board, Ed Gray III, suggested it's very questionable as to whether or not the Santa Rosa School District had in fact been damaged from the Gulf of Mexico oil spill.

Gray said, “Everyone knows Escambia County took a big hit all the way around, and they have a claim, probably, for their school district. But as far as the other counties, I am not sure they were damaged to the point of needing to file a claim.

“The major impact to us will probably be in sales tax revenues. Our financial officer has told us the sales tax revenues we have received so far are about the same as last year.”

So in a period of ongoing recession, sales tax revenues are the same, which implies poor management on the part of the county in controlling costs.

With that being the reality, it's strange to see them think they can apply for BP funds when they haven't done any damage to the county.

Maybe they should focus on limited government and reducing taxes to spur economic growth, rather than new ways of siphoning money from the BP fund and those who really were hurt by the oil spill.

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