April 27, 2009 Legislative Report
A Foolish February Forecast
According to forecast annalists, the revised *Minnesota February forecast, page 34, an additional 48,000 Minnesota jobs are expected lost from 1/1/09 through the spring 2010. Minnesota lost **57,200 jobs in the first quarter in 2009. This means, to keep on track with the February 09 forecast, of having a $6,400,000,000.00 budget shortfall in 2010-2011, Minnesota has to regain 9,200 statewide jobs in April 2009, and maintain that employment level for the next 12 months. Conclusion; the February forecast could not possibly meet any resemblance of reality.
Our leaders, during this 2009 session, continue at the State Capital making catastrophic funding decisions that could bankrupt the state based on the February forecast. Massive increases in taxes, government regulation, and intervention in the private sector, including historic expansion of state government, and billions in bonding. State legislators are a group, out of touch with reality, out of control and indifferent to the Minnesota Constitution.
Elected leaders making decisions on a forecast just 2 months old and already horribly flawed. I am not a rocket scientist, I do not have a list of PhD’s, but I only needed an hour of time on the internet looking at statistics and documents on Minnesota state websites. The truth is available if our elected leaders would just look; apparently, they have no need to.
I see the disaster approaching, an inevitable economic train wreck. Yet our elected leaders, including Carolyn Laine, stand up and continue assuring Minnesota, they have the solutions. As I stated during the 2008 election, Minnesota budget is billions in the red. I further see an erosion of state revenue to the tune of 10-12 billion shortfalls in the November 2009 forecast.
*http://www.mmb.state.mn.us/doc/fu/09/complete-feb09.pdf
**http://www.deed.state.mn.us/news/release/index.htm#LMI
Timothy D. Utz
CCCR Candidate 2010, MN State House 50-A
A Foolish February Forecast
According to forecast annalists, the revised *Minnesota February forecast, page 34, an additional 48,000 Minnesota jobs are expected lost from 1/1/09 through the spring 2010. Minnesota lost **57,200 jobs in the first quarter in 2009. This means, to keep on track with the February 09 forecast, of having a $6,400,000,000.00 budget shortfall in 2010-2011, Minnesota has to regain 9,200 statewide jobs in April 2009, and maintain that employment level for the next 12 months. Conclusion; the February forecast could not possibly meet any resemblance of reality.
Our leaders, during this 2009 session, continue at the State Capital making catastrophic funding decisions that could bankrupt the state based on the February forecast. Massive increases in taxes, government regulation, and intervention in the private sector, including historic expansion of state government, and billions in bonding. State legislators are a group, out of touch with reality, out of control and indifferent to the Minnesota Constitution.
Elected leaders making decisions on a forecast just 2 months old and already horribly flawed. I am not a rocket scientist, I do not have a list of PhD’s, but I only needed an hour of time on the internet looking at statistics and documents on Minnesota state websites. The truth is available if our elected leaders would just look; apparently, they have no need to.
I see the disaster approaching, an inevitable economic train wreck. Yet our elected leaders, including Carolyn Laine, stand up and continue assuring Minnesota, they have the solutions. As I stated during the 2008 election, Minnesota budget is billions in the red. I further see an erosion of state revenue to the tune of 10-12 billion shortfalls in the November 2009 forecast.
*http://www.mmb.state.mn.us/doc/fu/09/complete-feb09.pdf
**http://www.deed.state.mn.us/news/release/index.htm#LMI
Timothy D. Utz
CCCR Candidate 2010, MN State House 50-A
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