Trying it their way, X

Nine times we’ve offered useful lessons in what happens to states where the default policy position is to address high taxes and higher spending by raising taxes for increased spending.

Welcome to Installment Ten, with a twist:  Until now, every self-destructive tax-and-spend policy we’ve examined has been freely chosen by individual state governments. This time, one state seeks to export its malpractice, forcing the consequences upon others.

In Illinois—where else?—state government has bought political support from public employee unions by promising benefits it can’t pay for, and is now in hock for well over $200 billion. Evidently, once you’ve gotten into this check-kiting racket, there’s no such thing as saying enough’s enough.

Last Thursday, the Illinois Policy Institute (IPI) noted that Governor Pat Quinn, last seen spinning a special legislative session that did nothing to reform public employee benefits, had long since called for the federal government to bill all the other states for Illinois’ recklessness.

“In his fiscal year 2012 budget, Gov. Pat Quinn said that ‘significant long-term improvements’ to the state’s pension debt will come from, among other things, ‘seeking a federal guarantee of the debt.’”

It’s bad enough when individual states issue what amount to fraudulent contracts. It’s intolerable when they scheme to have their bad debts paid by others who have been honest in their own affairs.

It’s also standard procedure for the crew that’s in charge now in the worst debtor states and in Washington, D.C.  Get rid of them this fall, or bury your money in the back yard.

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About Wisconsin Club for Growth
The Club for Growth is a national network of over 40,000 men and women, from all walks of life, who believe that prosperity and opportunity come through economic freedom. Wisconsin Club for Growth, Inc. is dedicated to informing, educating and rallying citizens of Wisconsin to embrace and enact policies that lead to sustained economic growth, limited government, and minimal taxation. Wisconsin Club for Growth can and will have an enormous impact on the direction of our state. Wisconsin Club for Growth believes that effective lobbying is done at all stages of the budget cycle, including when our leaders make public promises and can be encouraged to support policies that spur economic growth. Wisconsin Club for Growth believes we must support pro-growth policies and encourage public officials with backbones to remain truly committed to making our economy and our state stronger. Wisconsin Club for Growth believes our leaders must stand up to the tax and spend mentality in Madison and work tirelessly to cut taxes and unleash the power of the free-market.

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