Rush’s Morning Update: Sinkhole
October 31, 2008
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This week, governors, mayors, and lobbyists went to Washington to demand more federal bailouts. At one hearing, former Goldman Sachs chairman Jon Corzine– now Democrat Governor of New Jersey– demanded $300 billion to be spent on “infrastructure projects.” Corzine said that this economic adversity should be turned into “a time of opportunity,” which he claimed would benefit “our children and grandchildren.”
Corzine’s neighbor, New York’s Democrat Governor David Paterson, had his hand out as wellto help cover a $13 billion budget shortfall that he blames on Wall Street going south. Paterson warned of painful cuts to health care and anti-poverty programs. And in a real tear-jerker moment, he said: “The cruel irony is that at the time when citizens need their state governments the most, state governments are least equipped to help them because of plummeting revenues.” Well, boo-hoo, buddy!
These two “wizards of smart” have a lotin common, folks. Like most blue states, they have confiscatory tax rates and obscene property taxes. Their governments are awash in hundreds of massive programs that don’t work but eternally suck up money. Their education systems are empires of failure. Despite 50 years of “renewal programs,” large swaths of urban areas remain blighted. These states do all they can to punish businesses,and then complain when businesses suffer downturns or split and leave.
Now they want hundreds of billions to pour into the same sinkholes they’ve created. And if Democrats run Washington– lock, stock, and barrel– chances are, they’ll get it. We’re all going to pay for it.
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