Saturday, June 27, 2009

Don't emulate Illinois...

I found this op/ed at Instapundit that describes the current situation with the budget battles between Gov. Quinn and the General Assembly:

The governor's attempts to create political chaos by placing high-profile, "feel good" programs on the chopping block is disingenuous. By failing to address the state's fundamental spending and inefficiency problems, Quinn is setting up Illinois taxpayers for even greater future fiscal disasters.

While closing the state's budget deficit won't be a painless process and some programs should be cut, that need not mean doomsday cuts. Programs that are well intended or sound good on paper aren't necessarily effective or even valid functions of government.

Perhaps the biggest deception in Quinn's budget gambit, however, is his claim that he is trying to protect lower-income families and children. In fact, they're the ones who will be most harmed by his tax hikes. Raising taxes on small-business owners and workers will decrease the amount of money they can spend, invest, and hire workers with. Low-income and low-skilled workers will have to pay more in taxes and will typically be the first laid off when businesses have to cut costs.

Taking even more money out of the private sector, where it could be used to prevent job cuts, and instead putting it into Illinois' bureaucratic money pit is a blueprint for disaster.
The main link at Instapundit analyzes why three of our nation's largest and prosperous states (California, New York, and New Jersey) are now struggling because they have more of their general economic policies such as taxes, super minimum wages, powerful unions, or even government health care.

Another link offers a place that's doing well even in this current economic climate, Texas. Of course they're bouncing off of this aformentioned main link to the Wall Street Journal article.

Cross-posted at Mechanics!

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