May 12, 2008 Fixing the Budget: This is a Test By George Lightbourn
McCain,
the Republican standard bearer and Clinton, the Democratic spear chucker,
thought it would be good to, well, you know, give people some money.
Exactly how much money, we can’t say since they wanted to pass it
out in the form of a gas tax holiday.
The more we drive, the more we get. Why
McCain was first into the tax holiday pool is anyone’s guess.
Hopefully he’ll return to the straight talking, anti-pandering
John McCain that endeared him to enough Republicans to avoid the slow
motion train wreck that passed for the Democratic primary. For
Hillary, on the other hand, the tax holiday seemed the perfect issue for
the times. She was a Pit Bull locked in a fight with a Bichons Frises
and somehow she was losing. It
made some sense then how, in a testosterone-fueled moment, to steal a bad
idea from John McCain. But
then she did went the extra mile and managed to make a flawed idea
significantly worse. She not
only supported the tax holiday idea, she suggested that it wouldn’t cost
anything if we would just stick it to big oil. To
my surprise, the voters in North Carolina and Indiana saw through
Clinton’s desperate gift and people with blue, white and sating collars
pulled the lever in surprising number for Obama.
Granted,
the idea of a gas tax holiday represented government pandering 101, but
it’s a ray of hope that the body politic saw through it.
The voters in North Carolina and Indian passed the test. We’re
about to have our own little test right here in Wisconsin.
While most of us have been preoccupied with the weekly blizzards of
February and March, state government found a hole in its budget; a $652
million hole. But, upon
hearing the size of the deficit, the halls of the Capitol were filled not
with gloom but with hope. Only
this was another kind of hope. Our
elected leaders were hoping the problem wouldn’t get any worse – a
distinct possibility – and hoping that no one would be paying attention
to the budget fix that would ultimately be signed by the Governor. Let’s
face it, the state budget is big and complicated and just talking about it
makes our eye lids droop. And
besides, don’t those guys in Madison always take the easy way out? Well
yes, all of that is true. So
here’s a way to keep it simple so anyone can follow along and see how
the Madison crowd goes about fixing a budget problem.
Think of it this way, when money is tight, there are only three
things to do: ·
cut
spending – something almost no one gets elected to do, ·
get
more money – sort of like our having to get a part-time job when we
can’t make our payments, ·
borrow
– disguised in state government circles as bonding, refinancing or
delaying. Any time they delay
something, they’re really borrowing money. We’ll be tracking the budget to see how much of the final fix
comes in the form of cuts or tax increases or borrowing.
We’ll be keeping score, just like the voters in North Carolina
and Indiana kept score. If
voters think that the budget fix in Wisconsin is as irresponsible as
Hillary’s gas tax holiday, maybe in the fall we’ll stand up and show
we’ve been paying attention. I know a lot of people in Madison who are hoping that won’t
happen. |
|||||
©2008 Wisconsin Policy Research Institute, Inc. P.O. Box 487 Thiensville, WI 53092 |
|||||