Ohios Budget Mess
Over at Division of Labour, Bob Lawson shatters the claim of the Columbus Dispatch that the state of Ohio faces a "structural deficit":
Hogwash. There is nothing "structural" about Ohios fiscal mess. Put simply, this state has suffered through a string of governors and legislatures that spend money like drunken sailors on shore leave.
The states spending grew by 5.8 percent every year from 1992 to 2002. Lawson notes that, if that growth had been limited to the rate of personal income growth over the same period, wed be looking at a budget surplus today.
8:04 AM / September 28, 2004
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