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    Dem spending creates monster new budget deficit


    By Nick, Section News
    Posted on Wed May 14, 2008 at 08:30:23 AM EST

    Remember last fall when the State was facing a massive budget deficit and the Governor teamed up with Mark Schauer and Andy Dillon to ram through a couple of equally massive tax hikes?  Remember the promises that they were "balancing the budget" and that they were fixing the problem for the future?  

    Yeah, so much for that.

    The Ivory Tower reports this morning that we're about a half-billion dollars in the red.  Again!

    Some of the anticipated red ink results from new tax breaks to filmmakers who produce movies and commercials in Michigan. Those credits could reach nearly $120 million in the fiscal year that begins Oct. 1, according to the House Fiscal Agency.

    In all, a weak economy and tax credits will leave $430 million less for Gov. Jennifer Granholm's proposed 2008-09 budget than previously expected, according to the fiscal agency.


    So now here we are all over again.  No surplus.  No rainy day deposits.  But lots of spending and promises.  Heck, we're dropping millions to get James freaking Van Der Beek to visit for a week here and there.  Spending money like it's going out of style.  

    And I can't help but wonder... if these new movie projects and spending programs were supposed to "create jobs"... because that's what you always hear from the lefty politicians in this State... every big new government program will "create jobs..." where are they and why isn't the extra tax revenue they're generating solving these budget problems?  Why another giant deficit?

    Unquestionably this could bite the Democrats hard in November.  It seems like just yesterday they were shutting down state government for the first time in Michigan history and they took a PR beating for it.  October 1st is still a whole summer away but there are two things to keep in mind:

    1)    Four months is a long time... for the deficit to potentially balloon further.
    2)    October 1st is before November 4th.  

    If revenues don't magically start rolling in over the summer the Dem House Majority is going to face one heck of an ugly choice.  Raise taxes again or admit they were wrong and cut spending, something they've spent the last 16 months swearing to high heaven would wind up killing seniors and kicking poor little Johnny out of school.  

    It's an ugly bed they've made.  The worst part is it's all of the normal folks who have to lie in it.

    < Wednesday in the Sphere, May 14 | Remember the last time Barack was in Detroit? Apparently he doesn't... >
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    Dem spending creates monster new budget deficit | 10 comments (10 topical, 0 hidden)
    What Movies? (none / 0) (#1)
    by DMOnline on Wed May 14, 2008 at 04:34:11 PM EST
    I'm very confused by this statement as quoted from the Detroit Free Press:

    "Some of the anticipated red ink results from new tax breaks to filmmakers who produce movies and commercials in Michigan."

    Am I missing something here?  I don't recall reading that Hollywood has transplanted itself in The Great Lakes State.  Don't they actually have to make movies here to get the actual tax credits?  And if that's not happening on a very wide-spread basis, how can they already claim a loss in tax revenue on that scale??

    The truth is, claiming massive deficits is one way to thwart any potential call for tax cuts that could pick up steam.

    DCuz
    www.RightCuz.com

    Which way Nick? (none / 0) (#2)
    by NoviDemocrat on Wed May 14, 2008 at 09:30:08 PM EST
    In the past, Nick has claimed that cutting taxes creates jobs. But when tax breaks are put in place to bring movie production to Michigan and moviemakers actually advantage of those tax breaks, Nick claims that it's "lefty politicians" who claim that these breaks will create jobs. Uh, No Nick, it's you who always claims that cutting taxes will generate jobs and revenue. Or are you backtracking from your previous statements?

    As I pointed out recently... (none / 0) (#6)
    by LookingforReagan on Thu May 15, 2008 at 08:30:04 AM EST
    If you give a Liberal Socialist a nickle he will demand a dime. Spend a billion this year and by God sir we will need to spend ten billion next and on it goes. Liberals like Tax and Spend Jen and Andy "John" Dillionger steal the tax payers hard earned dollars to fund their failed welfare state in order to buy votes with our money. These people need to be sent packing. All those that voted for this abomination of a tax hike on the people and business. Businesses that maybe could have afforded to hire more people thereby creating more jobs and creating more wealth are unable because of the criminal increases in their rate of taxation.Has the King taken control again? Oh, but wealth is an evil thing. Unless of course your name is Kennedy, Kerry (married his twice), or Feinstein. Only Democrats are allowed to have weatlh under the Liberal system. Kind of like how things were in the old Soveit Union. Only a scant few actually reaped the benefits of the society and the rest were kept hungry, downtrodden, fearful and ignorant in order to make it easier to control them. It was the fault of the Capitalists in America they claimed. Stupid people are easier to delude. And that is one thing the Democrats have succeded at. Our schools are failing and that is no accident. Look at the cities that have the poorest, not by dollars but by performance schools. They are all in states or cities run by Liberal Democrats.These kids leave school before 12th grade or they are shoved out the door unable to read the diploma they were given. Therefore they are unfit to compete for the jobs that could make their lives better. No,no, no. That is not the design. Keep them stupid and ignorant, hungry and living in squalor and keep telling them it is the fault of whoever your political enemies are so they vote according to their anger rather then by logical, rational thought. All the while stealing from the tax payers whom you delude by telling them you are on their side and you have Michigan. Soon to be the Welfare Wasteland. One thing that Democrats are to stupid to understand is the idea of incentive. If you start a business the idea is to make money. The more money you make the more jobs you can create thereby spreading that prosperity around to others.Take away incentive and there is no reason to invest, to achieve or to try. But prosperity in most cases leads to happiness, being well fed and free to make choices and that by definintion is what scares Liberals most. Freedom of choice. Whether in the workplace or the voting booth it just won't do.

    Know any good make up artists? (none / 0) (#8)
    by JGillman on Thu May 15, 2008 at 06:13:37 PM EST
    Who can fake you to look like John McCain?  You only have to be a pretender for a little while.. just long enough to provide us with a couple GOOD constructionist judges...  Well said anyhow.

    Dem spending creates monster new budget deficit | 10 comments (10 topical, 0 hidden)
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