The State of Minnesota has announced a $935 million dollar budget deficit, which will balloon up to nearly $2 billion over the next few years. More worrisome, there is a prediction that individual income tax receipts will decline, reducing the main source of the state’s income.
Of course, the typical reaction from the left has been to raise taxes and spend billions more. Apparently the simple logic of cause and effect stymies those in St. Paul who see government as the solution to all our problems. Undoubtedly the reaction to this dire budgetary news will be more calls to do what Democrats do best—raise taxes.
Of course, the Democrats claim that they simply had to raise gas taxes due to the outpouring of support for such a measure—despite the fact that poll data says quite the opposite. A majority of Minnesotans rejected the idea of a gas tax, a majority supports spending cuts, and a majority wants to see more fiscal discipline out of St. Paul.
There is one form of cause and effect politicians understand—do something wildly unpopular, and lose elections. Let us hope that the good people of Minnesota have the common sense to give out Legislature such a lesson this fall.