Tag Archives: budget defecit

Another repub controlled state has a budget crisis…

Well…just had to write this one early so I won’t forget to do it today…just finished up reading the Detroit papers today and guess what the headline was….that our wonderful Michigan…home of tax cuts for the rich and business pushed by the repubs here is running the biggest deficit in its history, with the projections being that this years budget will see close to a 600 million dollar shortfall driven mostly by tax credits for business that the governor and legislators are “surprised” that they are taking. But, they are the only ones that are surprised…what the hell did they think was going to happen? That corporations would not take these giveaways out of the goodness of their hearts? Michigan now follows Kansas and Wisconsin into the black hole of tax cuts that do nothing to spur the economy or create jobs…especially when business is sitting on more cash than ever in the history of the world.  The only time that tax cuts may work is when the cuts will free up money that business will spend on hiring or new equipment…tax cuts with so much retained cash just go to stock buybacks or increased CEO pay…nothing else. So, who pays for this boondoggle?  If Michigan follows the pattern of every repub controlled state, there will be cuts to education and every other program that benefits anyone but business…and the state will be a worse place to live…just like every state under repub control…but they don’t care if business is happy…geez….