Eighth Ring of Hell is open
Hey liberals, do you think MA is talking about real money yet?
Romney played the fool and pushed through that insurance/health care plan. Costs rapidly spiraled out of control. Spending the money for that colossal backhoe to dig that crater for the state budget wasn’t brilliant.
Now, you’ll be taking a machete to your venerated social programs.
The social engineers ran that train right off the track. It was only a matter of time, Soon you can explain to a horde of people you kept in financial slavery, they’re free, go get a job!
Excuse me, I have to stop and pick up my ass; keeps falling off from laughing.
Damn, now I wish I learned the words to Kumbaya or Sing this Song or whatever the hell those tunes are! Excuse me there it goes again. Oh Lawdy Lawd… Say dude, you free at last! gimee five!
State revenues continue free fall
Collections at least $300m short
Who said, “People won’t vote with their feet.”
State revenues are continuing to collapse, falling short by at least an additional $300 million in April and leading state officials yesterday to predict possible cash shortages, budget cuts, more layoffs of state workers, and perhaps additional tax proposals to bridge the growing gaps. [snip] [snip]…Even big infusions of financial aid from the federal government, courtesy of President Obama’s stimulus package, have not been enough to plug the holes.
[snip]“We’re in a free-fall here,” said Michael J. Widmer, president of the Massachusetts Taxpayers Foundation. “The collapse of revenue is so huge that all of the options seem impossible - cuts of that magnitude or additional revenue of that magnitude.”
[snip]
“We’ve got a big problem,” said Senator Steven A. Tolman, a Boston Democrat. “And we can’t tax our way out of it.”
This is truly the Eighth Ring of Hell, reserved for the Other People’s Money abusers. The final act in a political theatrical flop; no more OPM, no one left to tax except the ones receiving the benefits. Is this ever condign!
Just two weeks ago, Patrick announced he was planning to cut an additional 750 jobs from state government and furlough 5,000 executive branch employees for up to five days. That was the third time in seven months Patrick had announced emergency budget cuts.
April revenue figures, which will be officially released next week, are estimated to fall between $365 million and $465 million below expectations, said Senator Steven Panagiotakos, the chairman of the Senate Committee on Ways and Means. He also estimated that May and June revenues would fall by $200 million to $300 million.
[snip]
People, these are the saviors of GM, the banking system, health care, Chrysler, Social Security, baseball, apple pie, Mom, schools, the Rain Forest and perverts. The last they may save; everyone has an area of expertise.
Archived in: Economy, Liberalism, Massachusetts, Progressives, SocialismMay 3, 2009 at 4:32 pm | Trackback












2 comments
I know! I know! Maybe Duh-val Patrick can do something really visionary and far-sighted…like raising taxes. That is one answer that hasn’t been tried several thousand times before. /sarc
Perhaps fredct can use his big prog brain to explain why this won’t drive more productive people and businesses out of the People’s Republic.
Bryan, those big prog brains are only content in the exclusive company of other big prog brains. Even if it’s only five of them in the wreckage they caused.