This is from a thread about Virginia's budget crisis, which a think tank attributed to tax cuts. :crazy: :
Virginia Facing $1.2 Billion Deficit Fiscal Think Tank Looks At Upcoming Budget; Blames Tax Cuts
WRVA ^ | Tuesday, July 31, 2007 | 1140wrva.com
Posted on 07/31/2007 1:11:11 PM PDT by iceskater
The Commonwealth Institute for Fiscal Analysis says Virginia is facing a $1.2 billion deficit over the next two-year budget cycle. The current budget, by official estimates, is $200 million short.
Institute Executive Director Michael Cassidy says the tax hike in 2004 did help Virginia's long-term outlook. However, since then, Cassidy says lawmakers have cut various taxes, taking away revenue.
Cassidy is not publicly advocating another tax increase to fix the situation. He claims he is just trying to get the debate started. The size of the deficit could be a big problem for Governor Tim Kaine, who wants to spend money to start a Pre-K program.
The General Assembly will pass the state's next two year budget during the 2008 session.
TOPICS: Government; US: Virginia
KEYWORDS: governmenttheives; kaine; rinos; timkaine; vageneralassembly
1 posted on 07/31/2007 1:11:20 PM PDT by iceskater
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To: iceskater
Cut spending. The problem is the Democrats and the RINOs want to jack up taxes and spend, spend and spend.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
2 posted on 07/31/2007 1:12:30 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: iceskater
Another way of looking at and thinking about budget deficits is to inquire why spending hasn’t been reduced to help balance the budget - instead of raising taxes to balance the budget.
3 posted on 07/31/2007 1:14:14 PM PDT by MplsSteve
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To: iceskater
Governor Tim Kaine, who wants to spend money to start a Pre-K program.
We didn't even have "K" when I started school. Started right out in first grade.
How did I ever survive?
4 posted on 07/31/2007 1:14:17 PM PDT by Graybeard58 (Remember and pray for SSgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
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To: iceskater
“The current budget, by official estimates, is $200 million short.”
Headline to read; Virgina Slims Budget. State has a long way to go baby!
5 posted on 07/31/2007 1:14:21 PM PDT by dblshot
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To: iceskater; Mudboy Slim; Corin Stormhands; jla; Flora McDonald; AdSimp; society-by-contract; ...
Richmond ping.
And so the drum beat for another round of tax increases begins.
6 posted on 07/31/2007 1:16:28 PM PDT by iceskater
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To: goldstategop
I don’t think anyone in the General Assembly understands the words “budget cuts.” Clearly, it’s not part of their vocabulary.
7 posted on 07/31/2007 1:17:40 PM PDT by iceskater
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To: Graybeard58
It’s just a ploy to indoctrinate the children at an even younger age.
8 posted on 07/31/2007 1:19:01 PM PDT by iceskater
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To: iceskater
BINGO
9 posted on 07/31/2007 1:19:40 PM PDT by GeorgefromGeorgia
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To: goldstategop
Could increased budgets be because of ‘inflation’?
http://www.safehaven.com/article-8082.htm
Being Fed Bigger Bread Prices
by The Mogambo Guru
As the inflation in the prices of everything continues to outstrip “income after taxes and deductions”, standards of living are being eroded because people can’t buy as much stuff as they used to; their relatively static stream of discretionary income has lost buying power against rapidly rising prices.(more)
(This is my favorite part...gris)
“Shut your damned stupid mouth, you ugly little troll! Your problems are all self-inflicted, as you are the same drooling ‘I Love Big Government Creating Perpetual Entitlements’ moron that elected the Congressional morons that have spent us into the Hell Of Crushing Debt (HOCD) and who conveniently looked the other way while the damnable Federal Reserve created the money and credit to make that stupid, bankrupting spending possible! It’s your own fault, you ignorant little commie creep! You committed economic suicide, and in doing so have economically murdered the rest of us, you filthy piece of stupid, greedy, Leftist crap!”
10 posted on 07/31/2007 1:19:49 PM PDT by griswold3 (Al queda is guilty of hiraba (war against society) Penalty is death.)
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To: iceskater
“Governor Tim Kaine, who wants to spend money to start a Pre-K program”
We have to get them away from the parents. We need to make sure that they are good little Villagers. We have so much we want to teach them. Government Education .....(more)
http://www.freerepublic.com/focus/f-news/1874373/posts