Wednesday, June 24, 2009

Can Anyone Explain This?

How is it a $1.4 billion increase in state spending is seen as 'cuts' by the New Hampshire House, Senate, and governor?

Between a 17.5% increase in the last budget and a13.7% increase in this budget, state spending has skyrocketed 31.2% in four years.

Our family budget hasn't increased that much. If anything, it's been pretty flat or even shrunk a bit.

So how the heck can our legislators say they've 'cut' spending while maintaining a straight face? A $1.4 billion increase is not a cut, no matter how hard they try to sell it as such.

If the budget passes as written, over 45,000 small businesses in the state will be paying an income tax (though the legislature doesn't call it that). One of those small businesses will be the one owned by my wife and I.

So how is all of this supposed to increase state revenues if the tax increases end up turning marginally profitable businesses into unprofitable ones (and forcing some to close)? They haven't explained that, either.

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