USANews版 - States that defy Obamanomics succeed |
|---|
|
|
|
|
|
|
l****z
发帖数: 29846 | 1 By Jennifer Rubin
As the wheels come off the Obama campaign bus, it seems that virtually every
day brings news that the president simply has no clue how to restart the
economy. The latest from the Associated Press:
U.S. states expect to collect higher tax revenues in the coming budget
year that combined would top pre-recession levels, according to a survey
released Tuesday. The increase could reduce pressure on states to cut
budgets and lay off workers.
A slowly healing job market and modest growth have boosted sales and
income taxes, which provide nearly three-quarters of state revenue. Overall
corporate income taxes are also growing.
But ... but they have been trimming government — how can it be? Don’t they
need to hire a bunch of civil servants to see incomes rise and revenues
increase? I guess not.
In fact, as state spending slows, revenue increases:
Total tax revenue is forecast to rise 4.1 percent to $690.3 billion in
the 2013 budget year . . . It’s the third straight year of revenue growth
and $10 billion more than the budget year that ended June 2008. The
recession began in December 2007.
Total state spending would increase only 2.2 percent and remain below
pre-recession levels, the report said.
In Wisconsin, after Gov. Scott Walker’s reforms went into place, there were
no state layoffs and overall the state added about 23,000 jobs. In Ohio,
Gov. John Kasich has been streamlining government, wielding his veto pen and
making Ohio more friendly to business. Lo and behold, Ohio is now among the
top states in job creation.
But some states are following Obama’s advice. Illinois keeps raising taxes,
and its budget deficits keep piling up. Its unemployment rate is above the
national average at 8.7 percent.
The there is California, a policy paradise from Obama’s point of view. High
marginal tax rates on individuals, dominating state employee unions, strict
environmental legislation and a pro-trial-lawyer legal environment. Oh, yes
, and it has 10.9 percent unemployment, an outflow of people and businesses
and a $15.7 billion budget deficit. It faces a credit downgrade. I suppose
the problem is not enough state employees.
Both Illinois and California, of course, are swimming in pension debt and
other public-employee costs. Liberals are dismayed because these costs are
so exorbitant that they are starving other government functions (roads,
universities, libraries) of funds.
Obama is displaying an appalling lack of awareness of state and local
finances and how to increase jobs and promote economic growth. If states
followed his advice we’d have a bunch more Illinois and California clones
and far fewer Wisconsin and Ohio success stories.
By Jennifer Rubin | 08:54 AM ET, 06/12/2012 | P*********0
发帖数: 4321 | 2 Bullshit. 8 year tax cut and trickle down economy led to what?
A disaster. Been there, done that.
every
★ 发自iPhone App: ChineseWeb 7.3
【在 l****z 的大作中提到】
: By Jennifer Rubin
: As the wheels come off the Obama campaign bus, it seems that virtually every
: day brings news that the president simply has no clue how to restart the
: economy. The latest from the Associated Press:
: U.S. states expect to collect higher tax revenues in the coming budget
: year that combined would top pre-recession levels, according to a survey
: released Tuesday. The increase could reduce pressure on states to cut
: budgets and lay off workers.
: A slowly healing job market and modest growth have boosted sales and
: income taxes, which provide nearly three-quarters of state revenue. Overall
|
|
|
|
|
|
|
|
