Monday, May 21, 2012

The Swaption Blunder Continues...

...And County Executive John Stoffa can't seem to get his mind on track.

We get that you have much troubles looming behind the deceptions you have caused, but man oh man, pay off this painful Swaption already.

Ladies and gentlemen of NorCo, the swaption as reported during last weeks CC meeting, went from a whopping 25 million just days before the meeting, to a whopping whopping 26.3 million the day of the meeting.

Simple math tells us thats' 1.3 million in just days that Mr. Stoffa, by failing to pull the trigger, has cost us.

Mr. Stoffa should hurry-up...STOP playing games with our HARD EARNED TAX dollars...and pay this animal off already.


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  1. I appeared before County Council 2 months ago, to urge them to table the resolution for $1.4 million needed for the archives building. I explained that the stock market volatility could easily usher up the ante to $28 million in days or weeks.

    I see we are on our way to a more expensive swap termination. I hate to say "I told you so" . McClure and Deitrick (I think) had enough sense to vote no, and table the resolution until the swap price became final.

    Where is all this money going to come from?

  2. Word on the street is, Stoffa is trying to spend as mutch money as he can. It seems that he wants to spend the surplus down to nothing. If this happens watch the tax increase next year. Is this the answer for not wanting to sell Gracedale? IT seems to me that Stoffa is trying to run the county into the ground, some leader.

  3. He will probably not go with a tax increase his final year and really stick to the next guy. Of course then the terrible trio will claim it was Gracedale that caused this. Why did we buy another building when the swaption was sitting there and Stoffa was determined to pay for it with cash on hand? The same cash he and wrong Angle claimed could not be spent because it wasn't available.

    These guys lie so much, it is hard to follow what is really going on.