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I knew my state had the largest unemployment rate in the country, but this is ridiculess. I didn't even hear any warnings about this and I turn on the news yesterday and BAM! State is bankrupt!
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I've been hearing for at least eight months how the senate and the governor were at a budget standoff. They actually passed a supplemental or something to stave off a government shutdown around May or something (after Michigan's credit rating dropped
twice) but I guess it's coming around again.
I'm inclined to blame the senate really. Their idea of sound financial behavior is to cut absolutely everything - for every scandal that has state judges using cars paid for by our tax dollars we have ten cuts to education, health care, prisons and shit - and delay payments to workers and colleges and shit. Basically they think that they can make it work if they just don't eat and don't buy clothes for the kids and just try to ride it out, instead of going out and making money with a second job.
Look, I know raising taxes is hard, especially in this economy. But I feel like I'm paying a hell of a lot of taxes and I'm getting less and less in return. How is that any different than raising taxes and keeping services at the same level? An extra $50 or so a year isn't going to help me any.
edit: Oh, and another thing: the republicans, after the compromise in May, went out and
said that they wouldn't be able to afford staving off raising taxes next time. It blows my mind.
Jam it back in, in the dark.
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Sarag