Chanting Points Memo: That Humongous Surplus!

How soon people forget…

…well, no.  How soon the DFL and its stenographers in the mainstream Minnesota media try to make them forget. 

The GOP-majority legislature in 2011 and 2012 bounced the state back from a (let’s take the Democrat-controlled bureaucracy at its word) $6 Billion-and-change deficit to an $800 million surplus, without raising taxes.  Had they followed the Tea Party freshmens’ advice, and held spending at 2010 levels, it would have likely been more like $2 Billion – but that’s water under the bridge for now.  They also tried to use some of that money to pay back the “school budget shift” – a DFL-designed accounting gimmick that operated entirely as a chanting point for the DFL – but Governor Dayton Messinger vetoed it to hold it out there as an election-year rhetorical cudgel. 

But it’s another year.  And a DFL controlled legislature.

And after increasing taxes by two billion dollars – many of which haven’t kicked in yet – the DFL is taking full credit for a “Billion dollar surplus”. 

Let’s make sure we’re clear on the compare-and-contrast, here:

  • The GOP, without raising taxes, moved moved the revenue needle seven billion dollars (although two billion got eaten up by additional spending the DFL demanded via Governor Dayton Messinger. 
  • The DFL, in one year, took an additional two billion dollars out of the productive economy and handed it to government – leaving us with a grand total of $200 million in additional surplus.   And remember – the worst of the DFL’s taxes haven’t even started yet. 

That of course begs a question – concluding that a surplus is a good thing.  It’s not; it’s money taken out of the productive economy.  That billion dollars is money the State of Minnesota thinks it deserves more than you – the person who actually earned it. 

The DFL is going to do its best to obscure that – because for all of their endzone-happy-dancing, it’s really not all that good.

7 thoughts on “Chanting Points Memo: That Humongous Surplus!

  1. Top bad for the GOP it happened while the DFL had it’s hand on the tiller. It ought to entertaining to see how the campaigns (GOP/DFL) spin this in 2014.

  2. MBerg
    Care to comment on Julianne Ortman and Jeff Johnson’s support of Hennepin County’s “KingFish” program?

    /The Hennepin County Sheriff’s Office and Bureau of Criminal Apprehension have both purchased cellular exploitation devices that go by the names of KingFish or StingRay. The devices mimic a cell phone tower and allow the agencies to extract data from nearby cell phones./

  3. “Top bad for the GOP it happened while the DFL had it’s hand on the tiller.”

    As in “before the worst of the DFL’s taxes went into effect.

  4. The best we can hope for under our current regime in St Paul is that they can’t decide how best to rob us.

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