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In 1981 Maine Legislature Grants Itself The Authority to Centrally Manage Economy

A Free Enterprise System Cannot Co-Exist with A Centrally Managed Economy



The following are out-takes from the statutory downloadable timeline ( With headlines added)  which I constructed by researching the statutes- A Maine Citizen's Journey Through The Statutes of Transformation available for a minimum contribution for the many hours of research required for both this blog and the timeline.The only income I make from this blog comes from contributions in exchange for the downloadable timeline which includes internal and external links and bookmarks for ease of navigation. All links are active in the downloadable timeline.They do not transfer over in the cut and past function.

From The Table Of Zingers

This chapter (Municipal Bond Bank)  shall be construed liberally to effectuate the legislative intent and the purposes of this chapter as complete and independent authority for the performance of each and every act and thing authorized in this chapter and all powers granted in this chapter shall be broadly interpreted to effectuate that intent and purposes and not as a limitation of powers.




There is a need to establish a new basis for a creative partnership of the private and public sectors for economic development, a partnership which can capitalize on the interests, resources and efforts of each sector, but which does not compromise the public interest or the profit motive. The state's solitary burden to
provide for development should lessen through involving the private sector in a leadership role. [1977,(emphasis mine)



Commentary No compromising of public interest or profit motive? Destined to failure!


The Middle Class Is The Back Bone Of A Free Enterprise System. It's Growth or Decline is the Measure of Public Benefit and Detriment



The Economic Growth Council collects data on the economy Governor John R. McKernan, Jr.






  • Data on the size and growth of the middle class is missing.
  • The data provided is an aggregate figure for personal income and a figure for the poverty rate.
  • Comparison figures over time only go back only as far as the previous year.
  • No mention of adjustments for inflation.
I emailed the Maine Development Foundation ,asking if there is any data collected on the size and growth of middle class. To date no answer is forth coming.

1~to be created as a body corporate and politic to have full powers to borrow money and to issue its bonds and notes to make funds available through the facilities of the instrumentality at reduced rates and on more favorable terms for borrowing by such governmental units through the instrumentality's purchase of the bonds or notes of the governmental units in fully marketable form; and [1987, c. 737, Pt. A, §2 (NEW); 1987, c. 737, Pt. C, §106(NEW); 1989, c. 6, (AMD); 1989, c. 9, §2 (AMD); 1989, c. 104, Pt. C, §§8, 10 (AMD).](emphasis mine)

B. Granting broad powers to the instrumentality to accomplish and to carry out these policies of the State which are in the public interest of the State and of its taxpayers and residents. [1987, c. 737, Pt. A, §2 (NEW); 1987, c. 737, Pt. C, §106 (NEW); 1989, c. 6, (AMD); 1989, c. 9, §2 (AMD); 1989, c. 104, Pt. C, §§8, 10 (AMD).]

§5904. Liberal construction of chapter

          This chapter shall be construed liberally to effectuate the legislative intent and the purposes of this chapter as complete and independent authority for the performance of each and every act and thing authorized in this chapter and all powers granted in this chapter shall be broadly interpreted to effectuate that intent and purposes and not as a limitation of powers. [1987, c. 737, Pt. A, §2 (NEW); 1987, c. 737, Pt. C, §106 (NEW); 1989, c. 6, (AMD); 1989, c. 9, §2 (AMD); 1989, c. 104, Pt. C, §§8, 10 (AMD).](emphasis mine)

Comment Although the Home Rule Amendment establishes the relative sovereignty of local government, the legislature here refers to municipalities as (the state’s) governmental units conveying that the municipalities are simply subsidiaries of the state government, which is exactly what a state municipal bond bank will help to bring about through the means of controlling and distributing capital, just as the federal government controls the states through distribution of freshly printed paper bills

Question:
Is this saying what it looks like it is saying? That the Municipal Bond Bank- as a complete and independent authority does not need to obtain taxpayer and legislative authority? See 1951 Most recent Maine State Borrowing Power Constitutional Amendment (#8)  



General Provisions.

Section 14.  Authority and procedure for issuance of bonds.
        The Legislature shall not create any debt or debts, liability or liabilities, on behalf of the State, which shall singly, or in the aggregate, with previous debts and liabilities hereafter incurred at any one time, exceed $2,000,000, except to suppress insurrection, to repel invasion, or for purposes of war, and except for temporary loans to be paid out of money raised by taxation during the fiscal year in which they are made, and except for loans to be repaid within 12 months with federal transportation funds in amounts not to exceed 50% of transportation funds appropriated by the federal government in the prior federal fiscal year; and excepting also that whenever 2/3 of both Houses shall deem it necessary, by proper enactment ratified by a majority of the electors voting thereon at a general or special election ( emphasis mine)

§5951. Creation of bank and membership

1987 1. Bank established.  There is established a public body corporate and politic to be known as the "Maine Municipal Bond Bank" in accordance with Title 5, chapter 379. The bank is constituted as an instrumentality of the State exercising public and essential governmental functions. The bank's exercise of the powers conferred by this chapter shall be deemed and held to be an essential governmental function of the State.[ 1987, c. 737, Pt. A, §2 (NEW); 1987, c. 737, Pt. C, §106 (NEW); 1989, c. 6, (AMD); 1989, c. 9, §2 (AMD); 1989, c. 104, Pt. C,§§8, 10 (AMD) .](emphasis mine)Governor John R. McKernan, Jr

§5954. Corporate powers




Comment It’s always “deemed” when the constitutional process is by-passed !



1987 §5681. State-municipal revenue sharing creates a general pool for municipal expenditures controlled by state Governor John R. McKernan, Jr.

§13051. Legislative findings

The Legislature finds that the State's economy is linked to the national and international economies. Economic changes and disruptions around the world and in the nation have a significantly impact upon the State's economy. The rise of 3rd-world and 4th-world countries as manufacturers of commodities for mass markets and the gradual evolution of the national economy to a technological, informational, specialty product-based economy have significantly ...read more



Commentary Statement establishes a philosophy based on the rule of law by global capitalism- constructed on layers of truisms and borne out by the direction followed by Maine's corporate state governance since to present.)



"In order for the State's economy to grow and gain a solid footing, it is necessary to determine the State's assets and the economic opportunities that are or will be available to the State's enterprise, municipalities and labor force. ( emphasis mine)


Were the word "state" replaced with "Maine- it would come across with another meaning but as is it comes across in the sense of state ownership of enterprise, municipalities, and labor force- See Developing the Publicly Funded Work Force 2013)



The Legislature finds that the decentralization of economic growth and development programs among several state agencies without any coordination of programs and agencies and without coordination with the State's municipal and regional economic efforts is not in the best interest of the State. The Legislature further finds that the State's economic development programs and policies and the economies of municipalities and regions mutually affect each other. [1987, c. 534, Pt. A, §§17, 19 (NEW).] (emphasis mine)  



Centralized management of economy fifth & sixth planks of the Ten Planks of The Communist Manifesto

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