Surplus Surprises Michigan, but Is It Safe to Spend Again?

[krazen1211]

http://www.nytimes.com/2012/02/09/us/surplus-surprises-michigan-but-is-it-safe-to-spend-again.html?_r=1&partner=MYWAY&ei=5065


But the state that experienced an economic downturn earlier, deeper and longer than most of the rest of the country has made an unlikely discovery as its officials closed out its latest financial books: Michigan has a $457 million surplus.




What a contrast to Illinois. Go Snyder!

[Ban my account ffs!]

Good for Michigan.  I think American manufacturers are seeing some light at the end of the tunnel.  Still, it should go into a rainy day fund with a portion reserved for the most needed infrastructure projects.

MN also has a surplus... Larger than Michigans... Despite being half the population.  But the state economy is doing relatively well... And manufacturing jobs have been a leading sector in job growth for 2011.

[Marokai Backbeat]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

[© tweed]

good for the bondholders.

[krazen1211]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

[Marokai Backbeat]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

You amaze me.

[© tweed]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

You amaze me.

was that a snark or is he autistic?

[Snowstalker Mk. II]

Rick Snyder is the closest current state executive to fascism.

[Beet]

Good for Governor Snyder.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

I'm sure she did. She also figured other things out, which Snyder has yet to.

[krazen1211]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

I'm sure she did. She also figured other things out, which Snyder has yet to.

Those 'other things' apparently did not include saving the ~20% or so of private sector jobs lost during her term.

[Okay, maybe Mike Johnson is a competent parliamentarian.]

Hey, turns out you can make a lot of money shutting down towns and taxing the old and poor!

Granholm didnt figure that out in 8 years.

I'm sure she did. She also figured other things out, which Snyder has yet to.

Those 'other things' apparently did not include saving the ~20% or so of private sector jobs lost during her term.

They did, however, include an understanding of why one doesn't make a lot of money shutting down towns and taxing the old and poor, if, that is, one is not an amoral bean-counter with dictatorial tendencies.

[krazen1211]

They did, however, include an understanding of why one doesn't make a lot of money shutting down towns and taxing the old and poor, if, that is, one is not an amoral bean-counter with dictatorial tendencies.

Fair enough. I would think that the liberals would favor Mr. Synder's approach given that its led to increased funding for roadways, infrastructure, and such that the left likes to talk about.

In New Jersey of course the chosen mechanism was a doubling of tolls by Corzine, as general revenues were allocated to teacher pensions. Decide for yourself if that is a 'tax' on the old and poor

[Okay, maybe Mike Johnson is a competent parliamentarian.]

They did, however, include an understanding of why one doesn't make a lot of money shutting down towns and taxing the old and poor, if, that is, one is not an amoral bean-counter with dictatorial tendencies.

Fair enough. I would think that the liberals would favor Mr. Synder's approach given that its led to increased funding for roadways, infrastructure, and such that the left likes to talk about.

The output tape seems decent but the input tape remains morally questionable.

You must be logged in to read this quote.

I feel the same way about this; I've never claimed that Jon Corzine was anything other than a horrible Governor and human being. The 2009 New Jersey gubernatorial presented one of the worst sets of major-party choices in a statewide race in recent memory.

[Badger]

Thank goodness for the Obama Administration loans to the auto industry and stimulus measures like cash for clunkers that helped rev up the state economy and increase tax revenues accordingly, huh Krazy?

How Snyder managed to reform MN's budget as well is obviously astounding.

[I'm JewCon in name only.]

Nice job Governor Snyder

[Badger]

Nice job Governor Snyder President Obama

Corrected for accuracy.

[Vosem]

Nice job Governor Snyder President Obama Governor Snyder

Corrected for accuracy.

I'm sorry?

[Marston]

The ironic thing is that the surplus would have been much larger if Snyder didn't wipe out $1.7 billion in business tax revenue last year.

[krazen1211]

Thank goodness for the Obama Administration loans to the auto industry and stimulus measures like cash for clunkers that helped rev up the state economy and increase tax revenues accordingly, huh Krazy?

How Snyder managed to reform MN's budget as well is obviously astounding.

Projections from Granholm's own administration did not predict such a surplus even after taking that into account.

[Badger]

Thank goodness for the Obama Administration loans to the auto industry and stimulus measures like cash for clunkers that helped rev up the state economy and increase tax revenues accordingly, huh Krazy?

How Snyder managed to reform MN's budget as well is obviously astounding.

Projections from Granholm's own administration did not predict such a surplus even after taking that into account.

Granholm's own administration didn't predict this level of economic growth over two years ago? It must be Snyder's magic.

[krazen1211]

Thank goodness for the Obama Administration loans to the auto industry and stimulus measures like cash for clunkers that helped rev up the state economy and increase tax revenues accordingly, huh Krazy?

How Snyder managed to reform MN's budget as well is obviously astounding.

Projections from Granholm's own administration did not predict such a surplus even after taking that into account.

Granholm's own administration didn't predict this level of economic growth over two years ago? It must be Snyder's magic.

Snyder has been in office barely over a year.

[Badger]

Last budgetary projections from the Granholm admistration would've been in 2010.