
Those Who Don’t Study History….
I have chosen not to comment on this year’s budget discussions to this point because I was thinking what is the point? Very few people listen, and those that do have already made up their minds. I have grown frustrated, however, at the lack of information presented in the debates on the budget, and since more information is better than less, I figured what the heck? Maybe somebody will get something from this comment.
I joined the Legislature in 1992, in middle of a budget debacle. Total general fund spending in the 1991-92 budget, which was in effect when I took office: $42.1 billion. The problem was that the spending plan called for approximately $46 billion in spending, and supposedly had a tax increase of $7 billion to cover the revenue "shortfall" (as they call it in government, as opposed to referring to it as it really is a "spending splurge"). Net effect of the tax increase, revenues fell in the 1992-93 budget from $42.1 billion to $40.9 billion as spending kept going up. Democrats called for another tax increase to cover this out of control spending. Republicans stood strong to allow the 1991 tax increase to roll off in… Read More