Local Incentives Agreements

With the goal of more transparency and open discussions on the role of government, BC Public Record is making these local Incentives Agreements available for your information and consideration.  Keep in mind that these ‘deals’ do not include the agreements made with the state.  Double dipping with crony corporate welfare is common.

Knox News reported that the incentives package for Advanced Munitions International (AMI) is $26.6 M but this figure doesn’t include the tax abatement that AMI will receive.  AMI is required to provide 477 jobs paying and average $43,800 in salaries and benefits.

Compare that to Kristine Tallent working at the City of Maryville making $105,608.57 (excluding benefits) or Blount County Commissioner Mike Caylor working at the City of Maryville making $69,424.78 (excluding benefits) or Blount County Commissioner Grady Caskey a teacher working for Blount County Schools making $53,080 (excluding benefits) or Blount County Commissioner Dodd Crowe a teacher working for Blount County Schools making $64,380 (excluding benefits) or Dodd Crowe’s wife Renda making $64,380 (excluding benefits) or Blount County Commissioner Gary Farmer working for Blount County Schools making $68,792 (excluding benefits) or Melissa Bowers wife of Blount County Commissioner Brad Bowers working for Maryville City Schools making $65,302.32 (excluding benefits) or Kristi Yates sister of Blount County Commissioner Brad Bowers working for Blount County Schools making $50,582 (excluding benefits) or City of Maryville Manager Greg McClain making $145,000.27 (excluding benefits) or Patricia Stinnett wife of Blount County Commissioner Tom Stinnett making $71,719.32 (excluding benefits) working for Maryville City Schools or Blount County Mayor Ed making $123,726 or Blount County Sheriff James Berrong making 117,835 (excluding benefits) or the General Sessions judges making $158,795 (excluding benefits) or Bryan Daniels working for the Blount Partnership whose full salary is unknown but has said that the taxpayers are paying $50,000 of it.

The next time you see these people cutting ribbons and taking credit for giving the farm away, remember that many of them make far more than you do.  But you should be happy that they used your money and took credit for bringing in jobs that pay far less than they make right?

“And through covetousness shall they with feigned words make merchandise of you: whose judgment now of a long time lingereth not, and their damnation slumbereth not.”  2 Peter 2:3


AMI Incentives Part 1 (odd pages)  AMI Incentives Part 2 (even pages)
Ceramaspeed Incentives
Cirrus Incentives
Denso Incentives
Koide Tennessee Incentives
ProNova Incentives
Surface Igniter Incentives

Does the Bell Toll for the Fed?

Written by Ron Paul      Monday November 9, 2015

Last week Federal Reserve Chair Janet Yellen hinted that the Federal Reserve Board will increase interest rates at the board’s December meeting. The positive jobs report that was released following Yellen’s remarks caused many observers to say that the Federal Reserve’s first interest rate increase in almost a decade is practically inevitable.

However, there are several reasons to doubt that the Fed will increase rates anytime in the near future. One reason is that the official unemployment rate understates unemployment by ignoring the over 94 million Americans who have either withdrawn from the labor force or settled for part-time work. Presumably the Federal Reserve Board has access to the real unemployment numbers and is thus aware that the economy is actually far from full employment.

The decline in the stock market following Friday’s jobs report was attributed to many investors’ fears over the impact of the predicted interest rate increase. Wall Street’s jitters about the effects of a rate increase is another reason to doubt that the Fed will soon increase rates. After all, according to former Federal Reserve official Andrew Huszar, protecting Wall Street was the main goal of “quantitative easing,” so why would the Fed now risk a Christmastime downturn in the stock markets?

Donald Trump made headlines last week by accusing Janet Yellen of keeping interest rates low because she does not want to risk another economic downturn in President Obama’s last year in office. I have many disagreements with Mr. Trump, but I do agree with him that the Federal Reserve’s polices may be influenced by partisan politics.

Janet Yellen would hardly be the first Fed chair to allow politics to influence decision-making. Almost all Fed chairs have felt pressure to “adjust” monetary policy to suit the incumbent administration, and almost all have bowed to the pressure. Economists refer to the Fed’s propensity to tailor monetary policy to suit the needs of incumbent presidents as the “political” business cycle.

Presidents of both parties, and all ideologies, have interfered with the Federal Reserve’s conduct of monetary policy. President Dwight D. Eisenhower actually threatened to force the Fed chair to resign if he did not give in to Ike’s demands for easy money, while then-Federal Reserve Chair Arthur Burns was taped joking about Fed independence with President Richard Nixon.

The failure of the Fed’s policies of massive money creation, corporate bailouts, and quantitative easing to produce economic growth is a sign that the fiat money system’s day of reckoning is near. The only way to prevent the monetary system’s inevitable crash from causing a major economic crisis is the restoration of a free-market monetary policy.

One positive step Congress may take this year is passing the Audit the Fed bill. Fortunately, Senator Rand Paul is using Senate rules to force the Senate to hold a roll-call vote on Audit the Fed. The vote is expected to take place in the next two-to-three weeks. If Audit the Fed passes, the American people can finally learn the full truth about the Fed’s operations. If it fails, the American people will at least know which senators side with them and which ones side with the Federal Reserve.

Allowing a secretive central bank to control monetary policy has resulting in an ever-expanding government, growing income inequality, a series of ever-worsening economic crises, and a steady erosion of the dollar’s purchasing power. Unless this system is changed, America, and the world, will soon experience a major economic crisis. It is time to finally audit, then end, the Fed.

Copyright © 2015 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.

Chamber has article against EPA Water Rule

The U.S. Chamber of Commerce posted an article yesterday about the EPA water rule and why it should be stopped.  The article says, “EPA’s regulatory overreach is so outrageous that hundreds of local government and business organizations back the bill.”

The local government of Blount County, Tennessee opposed the EPA’s water rule and supported legislation to stop it through the resolution that I (Tona Monroe) sponsored (see page 522).  So why did Bryan Daniels of the Blount Partnership and Chamber of Commerce work to kill my resolution?  What exactly was Daniels’ agenda?

This comes while the local Chamber of Commerce and Blount Partnership are bragging on Facebook about their 5 star accreditation from the U.S. Chamber.  The Chamber says, “we performed an intensive self-assessment of our operations in nine areas of work, including governance, government affairs, and technology.

The comment that was posted asking why the Chamber/Partnership blocked me and commissioner Jamie Daly if they were working on governance and government affairs appears to have been quickly deleted.


Does this look like someone who should be blocked?

Earlier this year Commissioner Daly and I (Tona Monroe) sponsored a resolution asking congress to pass legislation, which has passed the House, to repeal draconian EPA stormwater regulations.  The resolution passed despite Bryan Daniels trying to kill it so he could get credit for giving the farm away to bring jobs (a composites manufacturer?) to the area.  Our area would have to be in attainment status in order for the manufacturer to come in the area without having to install more pollution control equipment.

The Blount Partnership/Chamber of Commerce and what ever entity that Byran Daniels and his cohorts choose to be at the moment have blocked Commissioners Jamie Daly and me.  Despite the secretive, back stabbing, pancake eating, ribbon cutting, PR stunt craving ways of Daniels and Mayor Ed Mitchell, Jamie Daly commented on one of the Facebook pages of the royal deities about the possibility of more industry for the area.  Did the hard hitting comment, “Now we can have more industries.” instill in Daniels such a paralyzing fear that he felt the need to block communication with an elected official?  That comment was hardly a hard hitting rebuke, like I am known to deliver.

Bryan Daniels, his Chamber cohorts, Ed Mitchell, Chairman Jerome Moon and Bob Norris who hides behind his anonymous editorials are PR sensitive wimps.  Anyone can be a boot licker and take credit for giving the farm away.  Benjamin Franklin did it for years before he finally realized it was time to stand up to the crown and fight for the rights of the people.


Debt Ceiling Debate: Don’t Mention Warfare/Welfare State!

By Ron Paul

The US Treasury’s recent announcement that the government will reach the debt ceiling on November 3 means Congress will soon be debating raising the government’s borrowing limit again. Any delay in, or opposition to, raising the debt ceiling will inevitably be met with hand-wringing over Congress’ alleged irresponsibility. But the real irresponsible act would be for Congress to raise the debt ceiling.

Cutting up its credit card is the only way to make Congress reduce spending. Anyone who doubts this should listen to the bipartisan whining over how sequestration has so drastically reduced spending that there is literally nothing left to cut. But, according to the Heritage Foundation, sequestration has only reduced spending from $3.6 trillion to $3.5 trillion. Only in DC would a less than one percent spending reduction be considered a draconian cut.

Defense hawks have found a way around sequestration by shoving billions of dollars into the Overseas Contingency Operations (OCO) account. OCO spending is classified as “emergency” spending so it does not count against the spending limits, even when OCO is used for items that do not fit any reasonable definition of emergency.

Yet, even using OCO to boost military spending by as much as $80 billion does not satisfy the military-industrial complex’s ravenous appetite for taxpayer dollars.

During the majority of my time in Congress, debt ceiling increases were routinely approved. In fact, congressional rules once allowed the House of Representatives to increase the debt ceiling without a vote or even a debate! Congress’ need to appear to respond to growing concerns over federal spending has forced it to end the practice of rubber-stamping debt ceiling increases.

Continuously increasing spending will lead to rising inflation as the Federal Reserve tries to monetize the ever-increasing debt. This will eventually lead to a serious economic crisis. When the crisis occurs, Congress will have no choice but to cut spending. The question is not if, but when and under what circumstances, spending will be cut.

The only alternative for cutting spending in response to economic crisis involves Congress gradually unwinding the welfare state in a manner that does not harm those dependent on federal programs. Congress will not even consider doing this until enough people have embraced the ideas of liberty to force the politicians to reconsider the proper role of government.

Those who accept the premises of the welfare statists are incapable of making principled arguments against welfare and entitlement programs. Thus, they can only quibble over spending levels or how to more efficiently manage the federal bureaucracy. While fiscal conservatives may gain some minor victories with this approach, their failure to challenge the welfare state’s morality or effectiveness dooms any effort to seriously curtail welfare state spending.

Similarly, one cannot favor both serious reductions in the military budget and an aggressive foreign policy. So-called cheap hawks may achieve some reforms in the Pentagon’s budget. They many even succeed in killing a few wasteful weapons projects. However, their unwillingness to oppose a foreign policy of perpetual war means they will always cave in to the war hawks’ demands for ever-higher military budgets.

Those who understand the dangers from continuing on our current path should support efforts to stop Congress from raising the debt ceiling. However, supporters of liberty will not win the political battle over government spending on welfare and warfare until we win the intellectual battle over the role of government. Those of us who know the truth must do all we can to spread the ideas of liberty.

Copyright © 2015 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.

Read online:

Blount Partnership admits its blocking two county commissioners

The Blount Partnership, which the CEO/President Bryan Daniels describes as an umbrella organization for the Chamber of Commerce, Chamber Foundation, Smoky Mountain Tourism Development Authority and Industrial Development Board (also referred to as the Economic Development Board), has admitted that it is blocking communication from two Blount County Commissioners.  Commissioners Jamie Daly and Tona Monroe have been blocked.

The Daily Times has a story today on the matter.

To read more about the economic environment created by entrusting large sums of tax dollars to the Industrial Development Board and the Smoky Mountain Tourism Authority, both part of the Blount Partnership, click here.

The Blount Partnership says, it “is the sole economic development agency for the Blount County area.”  An active citizen in the community and frequent commenter on this website, recently wrote me saying, “I think a “Blount County Industrial Guild” would work wonders for Blount.” 

What do you think?  A government subsidized monopoly has given us the results of being the only county in the region where average pay isn’t keeping up with the rate of inflation and being tied for the biggest drop in median household income. 

If you’d like to communicate with Bryan Daniels, his email address is

Congress and the Fed Refuse to Learn From Their Mistakes

by Ron Paul

This month marks the seventh anniversary of the bursting of the housing bubble and the subsequent economic meltdown. The mood in Congress following the meltdown resembled the panicked atmosphere that followed the September 11th attacks. As was the case after September 11th, Congress rushed to pass hastily written legislation that, instead of dealing with the real causes of the crisis, simply gave the government more power.

Just as few understood the role our interventionist foreign policy played in the September 11th attacks, few in Congress understood that the 2008 meltdown was caused by the Federal Reserve and Congress, not by unregulated capitalism. Not surprising to anyone familiar with economic history, the story of the 2008 meltdown starts with the bursting of the Fed-created tech bubble.

Following the collapse of the tech bubble, the Fed began aggressively pumping money into the economy. This money flooded into the housing market, creating the housing bubble. The Bush Administration and the Republican Congress also added fuel to the housing bubble. These so-called “free-market” conservatives expanded federal housing programs in hopes of creating an “ownership society.”

If Congress understood the Austrian theory of the business cycle, it would have allowed the recession that followed the housing bubble’s inevitable collapse to run its course. Recessions are the economy’s way of eliminating the distortions caused by the Federal Reserve. Attempts by Congress and the Fed to end a recession via inflation and government spending will only lead to future, and more severe, economic downturns.

The corporate bailouts, government spending, and money creation via quantitative easing that Congress and the Fed have engaged in since the fall of 2008, have failed to produce even the illusion of prosperity. The daily experience of most Americans shows that the government’s doctored statistics drastically understate both unemployment and inflation.

This is not to say that no Americans have benefited from Federal Reserve policies. Even Donald Trump has called quantitative easing “a great deal for guys like me.” Much of the growth of government over the past seven years, from the bailouts to the increases in military and domestic spending to Obamacare, has also benefited politically-connected crony capitalists.

The Federal Reserve’s continued delay of an interest rate increase suggests that, contrary to its public statements, the Fed understands that the economy has not recovered from the meltdown and is on the brink of another major recession. Fear that the Fed is not being fully forthcoming with its view of the economy is one reason the stock market declined following the Fed’s recent decision to once again postpone increasing interest rates.

Learning the full truth about how the Fed evaluates the economy and its plans to respond to another downturn are two reasons why it is important to pass the Audit the Fed bill. 

A vote on Audit the Fed would probably be the only good thing to occur in Congress this year. A Congress that cannot defund Planned Parenthood is unlikely to make any serious cuts in spending. Instead of waiting for politicians to do the right thing, those who know the truth must spread the ideas of liberty as far and wide as possible. Only when the teachings of the Austrian school are embraced by a critical mass of Americans will Congress cut warfare spending, cut welfare spending, and audit, and then end, the Fed.

Copyright © 2015 by RonPaul Institute. Permission to reprint in whole or in part is gladly granted, provided full credit and a live link are given.
Please donate to the Ron Paul Institute

Read online:

USA ranks 20th on The Human Freedom Index

While we enjoy some personal freedom, there is a lot of room for improvement.