I was listening to Ohio Governor John Kasich over the weekend and he went on and on about his incredible accomplishments in his state--balancing the budget, bringing down unemployment, blah, blah, blah.
Anyway, I just checked the personal income numbers for the state of Ohio out of the Bureau of Economic analaysis and it isn't very flattering for Kasich.
Look at his "miracle." Personal income growth plummeted by 60% under his plan. Some miracle!
Great job, Governor!
Kasich is a big deficit hawk. He's all about slash and burn, spending cuts, mass layoffs of state workers, cuts in services, repealling collective bargaining, etc.
This is the "formula" he wants the Obama and the Federal Government to follow. Balance the budet on the backs of those who can least afford it.
5 comments:
Given the fact that a state governor is fiscally constrained, unlike Uncle Sam, shouldn't a balanced state budget be a goal of a governor? Despite the graphics provided, I don't see a "collapse" of income growth. Its hard to look at one graph and really know what else is going on. If the state budget is balanced, perhaps other state and local taxes have leveled off, while other states with larger income growths may be preparing to tax the snot out of their citizens.
Yes, a state must run a balanced budget, but not the Federal Gov't. Moreover, once you realize that spending cuts are the exact, fiscal equivalent of tax increases, then it just becomes a matter of who you are taxing--the rich or the poor. Kasich and the Republicans prefer to tax the middle class and poor and give government largesse to the rich.
Mike: "Kasich and the Republicans prefer to tax the middle class and poor and give government largesse to the rich."
You mean to the "job creators"? :o
A big chunk of ohio has been leased to oil companies. Initially all the land owners get one time bonus checks. A few billion dollars in the hands of regular middle class Ohioans in last couple years is a lot of money, especially for the economic basket case that is Ohio. It surely didnt hurt Cuyahoga county.
Post a Comment