The key fact about the Eurozone is that it represents a MONETARY – not a fiscal, ie government budget – union, whose policy is set by the European Central Bank or ECB. The main job of the ECB is to set interest rates for the entire Eurozone.

Ever since its inception, Eurozone members have been aware of a potential conflict between the fact that monetary policy is set by the ECB for the entire Euro-area, while government spending, ie fiscal, policy is managed by each country.

Ref: Economy Watch.

Think of California, their profligate spending which appears to have been set in concrete during the boom times (though the development of entitlement programs, which is a form of social concrete). Now, they are sinking under a sea of debt and promisory notes that we may find ourselves making good, in a situation similar to that of the PIIGS in Europe.

Our thanks to Stephen K for pointing this article out to us.

Volunteer this weekend for our “Get Out The Vote” efforts in Senate District 26.  Send your name and contact information to Joe Schomacker at jrs@mngop.com or call 651-222-0022.

Voter Information

Polls are open from 7:00 AM to 8:00 PM

Click Here To Find Your Polling Place In Waseca, Steele & Rice Counties

Make sure you bring your friends and neighbors to the polls on January 26!

Governor Tim Pawlenty Backs Mike Parry

Governor Tim Pawlenty held a small business round table with Mike Parry in Owatonna on Wednesday night.

Click Here To Read About The Event

Congressman John Kline Endorses Mike Parry

Click Here To Learn More About Mike Parry

On January 21, 2010 at 7:00 PM there will be a Republican Meet and Greet at Kingsway Retirement Center in Belle Plaine.  This is open to the public and there is no charge for the event.  Each candidate will be given a short time to speak about themselves, but the purpose of this event is to get the candidates to personally meet the individuals who attend the event.  This will be a great opportunity to personally meet the potential new governor as well as meet many or all of the candidates for Minnesota House and Senate seats (SD25, SD26, HD26B).   This will be a great event and we encourage you to come.  Also, please invite others who you believe would enjoy the event or forward this information to them.  Come early and meet the candidates before the presentations or stay afterwards.  If you have any questions please contact us through our Contact us form.

Bookmark this page and watch for updates as we get confirmations on who will be attending.

Details:

What: Candidates Meet and Greet
Where: Kingsway Retirement Center in Belle Plaine. (Google Maps: )
Date: 21 January 2010
Time: 7PM-10PM

Who will be there?

Announced for Governor:

• Tom Emmer
• David Hann
• Marty Siefert
• Leslie Davis
• Bill Haas
• Phil Hertwig

Announced for MN Senate 25

• Jack Baker
• Al DeKruif
• Bill Paulsen

Announced for MN House 25B

• Mike Piper

Announced for MN Senate 26

• Mike Parry

On Wednesday, July 22, Bill Paulsen formally announced he is seeking the endorsement of the Republican Party for Minnesota State Senate District 25, encompassing northern Rice County, southern Scott County, Le Sueur County and eastern Sibley County.

Mr. Paulsen believes that it is the people of Minnesota who drive economic prosperity. He understands that the people of Senate District 25 work hard to start new businesses that create jobs and put in long hours to achieve a bright future for themselves and their children. “To help the people of Minnesota achieve their goals, much work needs to be done in the Legislature. Minnesota faces a $6-$7 billion structural budget deficit for the next biennium, a weak job market, and dwindling tax revenues. I will work to advance responsible leadership for Minnesota’s future, rather than reckless spending and special interest politics,” said Mr. Paulsen.

Mr. Paulsen has been a resident of Minnesota for eight years, working as an engineer in the electronics industry. He currently resides in Lonsdale, in Rice County. He earned a Masters of Science in Electrical Engineering from the University of Minnesota in 2006. From his experience in the technology world he understands that education is critical for our young citizens.

Mr. Paulsen recognizes that Minnesota must position itself and its citizens to compete in a global economy. This includes ensuring that parents can provide a quality education to their children. “Our children need the skills to compete in the competitive marketplace. I will support parents in choosing the education that best fits their kids. This includes upholding the constitutional mandate requiring that the Legislature in Minnesota provide for public schools while protecting alternative forms of education including charter and homeschooling.”

Budget reform is also a priority for Paulsen who noted that the Legislature adjourned without balancing the budget and even passed spending bills that exceeded expected revenue. “The state of Minnesota must live within its means just like every family in Senate District 25 must do,” said Paulsen.

Paulsen continued, “I look forward in the coming months to meeting and listening to the people of Senate District 25. The people are what make our communities great places to live in and I wish to represent them to help them realize their dreams.”

To learn more about Bill Paulsen and his campaign for the Minnesota Senate, including finding out about upcoming events where you can meet him, visit www.billpaulsenforsenate.org. His campaign can also be found on Facebook under the Bill Paulsen for Minnesota Senate group.

For more information about this press release, please contact the Bill Paulsen for Senate Campaign at (507) 412-8400 or by email at bill.paulsen.for.senate@gmail.com.