“My Hands Are Tied” – John Carney

21 Comments
"It's a simple math problem. Our long-term growth rate for state spending is two times the growth rate of our revenues. We have to find a long-term way to limit our spending growth."
The more I think about Carney's speech the more I seethe. The sentence above gets to the heart of it. Wealthy Delawareans are more wealthy than they've ever been. The corporations benefiting from our courts and tax payer generosity are notching record profits. And yet, in Carney's mind there is just no way to increase revenue. It is simply impossible. Why mention it at all? Any and all revenue increases are off the table at the outset.