April 20, 2010

DOES ANY DEMOCRATIC GOVERNOR HAVE A BRIGHT FUTURE?:

How Ed Rendell Wrecked Pennsylvania: The governor's dangerous fiscal legacy (Chris Freind, 4/20/2010, Philly Post)

At a time when Pennsylvania families are doing the responsible thing — tightening the belt and exercising fiscal restraint — the Governor does the polar opposite. Rendell has proposed a budget increase of 4 percent, in large part to pay for his pet projects, while incomprehensibly ignoring the fact that revenues are declining.

But given the fact that Rendell hasn’t signed an on-time budget since taking office, why not go eight for eight?

He pays no attention to the coming pension bomb, in which obligations to state pensions will increase eightfold over the next three years, from $550 million to over $4 billion.

The Governor has apparently ignored the recent court ruling that the $800 million raided from the MCARE fund — money specifically allocated to alleviating high medical malpractice premiums — must now be paid back.

And he conveniently forgets that there won’t be the $2.7 billion in federal stimulus money that we had last year, and that accounting gimmicks won’t work anymore — such as counting the anticipated tolling of Interstate 80 as “revenue.”

(Despite Ed’s vehement objections, the federal government shot down the I-80 tolling plan, so it’s back to the drawing board).

All of which means higher taxes and an expansion of gambling — government at its finest!

Posted by Orrin Judd at April 20, 2010 9:02 PM
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