Worse Than Taxes: The Spending

Worse Than Taxes: The Spending
"Last week on 'The O'Reilly Factor', we talked about California's and New York's enormous budget deficits and planned tax increases. Those states would have big surpluses had they just grown their governments in pace with inflation.
But of course they didn't.
Now the politicians act like their current deficits are something imposed on them by the recession.
But that's nonsense.
They created the problem with their reckless spending.
Let's look at the particulars.
Had the government of New York state grown at the rate of population and inflation over the past 10 years, it would have a $14 billion surplus today.
Instead, spending grew at twice the rate of inflation. So New York has a $3 billion deficit."