A variety of media outlets are commenting on the newly announced $5.2 billion deficit between now and the end of 2011 (not counting inflation). A few to note:
Dane Smith, president of Growth and Justice, wrote an editorial for the StarTribune: Three fundamental facts for Minnesota, where he questions the notion that small government is best for our economic woes.
The StarTribune also had an editorial, State shouldn't spurn federal aid, criticizes Governor Pawlenty for recent comments indicating unwillingness to take federal money to help the deficit and quotes an economic adviser to John McCain that “extending unemployment insurance benefits, food stamps and aid to state government would be the most effective spurs to economic growth.”
Minnesota Budget Bites is a great resource for understanding the logic behind the deficit numbers.
Long story short, this deficit cannot be fixed by the shell-games of the past. This is a long-term problem that requires a long-term solution. While it is important to examine all options, why not strategically spend in areas what will actually save money down the road? Early care and education is critical to building the foundation for our future.
Thursday, December 4, 2008
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