From The Washington Times:
…At least a dozen states ended fiscal 2011 with surpluses. Indiana reported one of the largest, with an extra $1.2 billion in its accounts. Gov. Mitch Daniels, a Republican, on Friday authorized bonus payments of up to $1,000 for state employees…
…While Indiana decided to reward its employees, other states are redirecting surplus funds into cash-strapped areas such as education. Idaho ended the year with an $85 million surplus, the majority of which will be funneled to public schools and colleges, Gov. C.L. “Butch” Otter, a Republican, said in a statement last week.
Other states are bulking up their savings accounts. Maine finished the year with a surplus of nearly $50 million. About half will go to the state’s reserve, the Bangor Daily News reported. Iowa closed its books with $480 million left over, on top of an already healthy “rainy day fund.”
Ohio Gov. John Kasich, a Republican, on Sunday touted the fact that since taking office in January, he has helped the Buckeye State turn its deficit into a surplus…
All it takes is the courage to cut – to be sure, State revenues have increased over the past year, but the real source of the surplus is the fact that these Republican governors went after spending. And that not only saved money directly, but also by its nature helped to free up their State economies, resulting in more wealth creation. That, in turn, provided more revenues. It is a wonderful cycle, if you can just get it started. Trouble is, no liberal Democrat ever can – because no liberal Democrat will ever consider genuine cuts in spending.
I would caution these governors, though, not to get too cocky – the latent effects of Obamunism are piling up and we may well wind up at the end of 2011 in recession. If that happens, even the best managed States will feel the pinch – better to keep cutting spending and/or taxes right now so that if there is another down turn it can more easily be weathered. Let the liberal, Democrat States take their just punishment when Obamunism finally fails…they have been using fiscal hocus pocus to cover deficits and are counting on Kenynesian economics to magically increase their revenues before the chickens come home to roost. Let them stew in that and let the Republican governed States shine as a beacon to a better future.
What we are seeing now is the grandest of all political experiments. Liberalism and conservatism are governing and we are swiftly seeing the actual effects of each. This period of our history – which is hard and likely to get even harder before it improves – may be the watershed. It may, once and for all, lay to rest the notion that government is the answer. Time will tell – our job is to just keep pressing the conservative, Republican program. The more we do it, the better things will be and the more likely the people will turn to us.
http://www.cbsnews.com/8301-503544_162-20080250-503544.html?tag=pop
CBS poll?
Next
scummy
wasnt it YOU who was yapping about Breightbart?
do da name dan blather ring a familiar note?
My governor, Mitch Daniels pulled off one of the sweetest coups ever early in his first term when he leased the Indiana Toll Road to a foreign consortium for 75 years for $3.8 billion up front. Democrats squealed like stuck pigs, even though the toll road had consistently lost money. Turns out it worked out pretty well, but not before signs of “DITCH MITCH” appeared all over the state. In 2008, while Obama was providing the first Democrat presidential win in Indiana since 1964, Mitch won a second term in 2008 by 18 points.
Idaho ended the year with an $85 million surplus, the majority of which will be funneled to public schools and colleges, Gov. C.L. “Butch” Otter, a Republican, said in a statement last week.
So conservatives do support public education. They just support the responsible way. Good to know.
Sunny,
http://tinyurl.com/3ouxhlq
I believe that poll was conducted in the CBS Newsroom.
count
OR
the CBS restroom
So much for McConnell’s Plan B.
so much for RINO mcconnell