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Just say no !(to Spending!)

October 21, 2008 - John Stack

Both the US Congress and the NYS legislature have been in the throes of some malady that can only be desribed as spendingitis. Our national economy is going through a near unprecedented meltdown. Bush has placed some of the blame upon homeowners who over borrowed. The HOMEOWNERS over borrowed? The president, who never saw a tax cut he didn't like, has borrowed to the extent that by the time Barack takes over, every man woman and child will have an average national debt obligation of close to $100,000! Of course, to finance his tax cuts he didn't raise taxes. He didn't decrease spending. He just put it on the great big US credit card. I have friends that still claim his massive tax cuts have been good for the US. Where? We are in a depression! Bush's 2008 budget was $2.8 trillion. How on Earth will we come up with 4 times that amount? The time value of the money won't decrease, because there is interest. Its no surprise to anyone that Bush was no fiscal conservative, he was a no tax high spend president.

New York's legislature at least has to balance their budget every year. But, our spending has gotten way out of control also. In the Pataki years, our legislature never saw a project or new way to spend money they didn't like. Our budget's grew and grew and grew. True, a lot of the time were good fiscal times, but both houses (neither dems or repubs get any slack here!) spent as much, and more, than they had the whole time. Near the end of his tenure, Pataki started vetoing budgets. It was all a sham, as everyone knew the legislature had the numbers to override him.

Now, the real sherriff is here. Gov Paterson is not making friends in the legislature (But sure is making believers of taxpayers). We are facing incredible deficits at the State level. It seems like our state reps are keeping their heads in the sand about this. Next year, mark my words there will be massive layoffs and marked drops in service. There will be many more 'user fees' (kind words for a new tax) for things such as access to parts of the Adirondack Park (its has been happening in the Catskills for over a decade).

We have to stop believing the government can fund every scheme we have. And the state and national reps must start saying NO to their constituents.

 
 

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