Wednesday, February 27, 2008

Another Budget Cut?! $300 Million?!

This is proof that no matter who you vote for in the American Idol era, when it comes to bread and butter issues most Republicans and Democrats improve. Especially in the budget cut mania Maryland having for... I don't know, ever?
Lawmakers have been looking for $200 million in cuts in O'Malley's proposed budget to compensate for the flagging economy, but now they are saying that could rise to $300 million or more when updated revenue projections come out next week.

...

Three months ago, O'Malley called the General Assembly into a special session to close the state's structural deficit with $2 billion in tax increases and spending reductions, and a proposal to legalize slot machines that is subject to ratification by voters.

"The likelihood is, given the national economic downturn, that those difficult series of decisions will continue," O'Malley said. "Everybody is looking at the revenue estimates, and if they are coming in lower than projected, there will have to be further cuts."
But I bet there will not be any cuts to corporate welfare and their prison-industrial complex. I can promise you that. But there is one way we can stop this mania: Abolish balanced budgeting.

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