Exactly As Predicted
By Mitch Berg
In 2022, I predicted $17.6B “surplus” would disappear under DFL rule.
I’m not wrong on the inevitable end result. Just the timing:
Revenue dropping. Spending ballooning. And the productive class “going Galt” and moving to Texas, Florda or Tennessee.
Things didn’t get quite as bad quite as fast as I thought – but it’s really just teasing us.
PS: Whoah. I spoke too soon – but boy, was I correct:
So I’d figured $2-3 Billion. $5B plus?
Oh, the hits do not quit:
Great job, #MNDFL
December 4th, 2024 at 10:42 am
Likely the state government media is just going to dribble out the bad news
December 4th, 2024 at 12:11 pm
The truly infuriating thing about this is that any sane financial consultant or guide would point out that this was an intended consequence; if you use a temporary windfall to finance ongoing spending, what you are saying is that you are setting things up for permanent spending increases. In my view, it crosses Hanlon’s Razor because incompetence is not a sufficient explanation. Only malice suffices.
Huge shame, really, because with all that federal cash, there was a great opportunity to eliminate a lot of Minnesota’s $51 billion in debt and make the state a better place to live and work. We’re stuck with tampons in boys’ bathrooms instead, sad to say.
December 4th, 2024 at 4:12 pm
Is the state economist including all the money the state will make as a regional center for transgender shenanigans – otherwise known as costly invasive medical procedures performed by greedy sadists that will permanently screw up the lives of children?
December 5th, 2024 at 1:10 am
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December 5th, 2024 at 9:35 am
^ Supreme Court appears ready to uphold Tennessee ban on youth transgender care
Just sit back and wait for the money from TN to start rolling in.