No government has ever spent its way to prosperity. Our proposals help governments be fiscally responsible so citizens can be prosperous.
If Arizona’s government spending had been limited to population growth plus inflation, Arizona would have more than a $1 billion surplus. Darcy Olsen speaks with Mike Broomhead on KFYI 550 AM about Arizona’s bad spending habits and current $1 billion deficit.
Arizona faces a weak economy and a $1.2 billion structural deficit. Listen to Dr. Byron Schlomach as he discusses the state of Arizona’s budget and economy on Inside Track.
After the government financial rescue package was approved, Goldwater Institute economist Byron Schlomach talked to KTAR news about how the stock market was affected by it.
Governor Jan Brewer wants to raise Arizona's sales tax by a penny to help close the state budget deficit. This is a bad idea, as doing so would result in over 14,000 private sector jobs lost, real economic output would decline by $1.2 billion, and Arizonans would see their after-tax income fall by $300 per household. Goldwater Institute economist Byron Schlomach went on KTAR's Joe Crummey Show to talk about why spending cuts are the best way to close the budget gap.
Goldwater Institute president Darcy Olsen went on the J.D. Hayworth Show on KFYI to talk about Governor Jan Brewer's proposed tax increase and other budget recommendations Brewer made to the state legislature.
Before a judge heard arguments in the Phoenix Coyotes bankruptcy case, the Goldwater Institute's Carrie Ann Sitren went on Channel 12 and warned the City of Glendale not to use taxpayer money to try to keep the Coyotes in Glendale.
The Goldwater Institute's Byron Schlomach appeared live on Channel 3 to discuss the state budget and a possible tax increase.
After Macy's and Bloomingdale's pulled out of CityNorth, the Goldwater Institute's Carrie Ann Sitren appeared on Channel 12 to discuss why giving CityNorth a $97.4 million subsidy was a bad idea to begin with.
Phoenix--Late last night the Arizona State Senate passed a budget to close the 2010 budget deficit without raising taxes. The budget deficit is projected to be between $3 and $4 billion. The budget plan includes $631 million in reductions to state agencies, $143 million in accounting tricks, $1 billion in one-time fund sweeps and other revenue sources, and uses $1.2 billion in federal money.
If this budget is adopted, state spending will be $500 million less than it was in 2007. The House is expected to vote on the budget today.
Massages for state employees, tai chi classes and comic books are just three items state government spends your paycheck on. Not all government spending wastes money so visibly, but there is credence to the saying that for every rat you see, there are 50 more you don't.
The Arizona budget clearly needs a good scrubbing, but how much of the deficit really rests in lawmakers' hands? Revenues have plunged nationwide. Maybe our deficit is a casualty of the recession. As Tina Turner might say, "What's spending got to do with it?"