To the editor:
We read in The Central Virginian that Louisa County expects $7.3 million from the $1.9 trillion American Rescue Plan Act. As The CV reported about the first big coronavirus relief bill passed in April 2020: “Unlike that bill, the new law allows federal money to be used for broadband internet.”
Didn’t the board give $340,000 of that money to Central Virginia Electric Co-Op? We are confused. Was that illegal? We think we know why there is a toilet paper shortage. All of the wood pulp is being used to print money we don’t have. As radio personality Gordon Liddy used to say over a decade ago, “They’re in the basement of the Treasury printing money on toilet paper.”
The American Enterprise Institute estimates the true cost of the American Rescue Plan Act could be over $3 trillion. Not since World War II will the national yearly deficit exceed the Gross Domestic Product, overwhelming it by 108 percent (106 percent was the largest, right after the war). Think of all we spent on in the war: planes, tanks, ships, trucks, uniforms, food, fuel, soldiers’ pay, medical expenses, munitions, etc.
This is a recipe for disaster. Most of the $1.9 trillion is wasted. Remember Obama/Biden “shovel-ready jobs” that did not exist? Now we build Chuck Schumer’s Bridge to Canada and bail out New York and California for their wasteful spending. The federal government spent $6.5 trillion in 2020, authorizing $3.5 trillion in four bills last year for relief. The Covid relief bills now total $69,000 per family in borrowed fake money, according to the Washington Examiner.
On April 5 at 6 p.m., the board of supervisors will hold their public hearing on the proposed real estate tax rate. The new assessments exceed last year’s by 5.58 percent. The current rate is $0.72 per $100 of assessed value. To bring in the same amount of tax revenue to the county, the rate should be lowered to $0.682 per $100.
The board proposes to keep the current tax rate, thus increasing our Louisa real estate taxes by over 5.5 percent. Citizens can’t continue to afford this. Instead of spending the $7.3 million expected to come in from a bloated bill where very little of the $1.9 trillion actually goes to coronavirus relief, why not reduce the tax rate? How about giving the taxpayers a break instead of spending the money on a wish list? After all, it is money we the taxpayers and our children, grandchildren, and generations to come will have to pay back, or else destroy the country economically.
As the saying goes, “It is easy to be generous with someone else’s money.” Please call your supervisor now.
Editor's note: The first round of coronavirus funding in 2020 was, in fact, usable for broadband projects. The CV regrets the error.