Deval Patrick Driving Massachusetts to Ruin

Governor Deval Patrick is driving the state of Massachusetts into ruin. Unemployment is at 8.6% and rising. The private sector (non government jobs) is now approaching 11% unemployment. He did not manage our state budget, and there are 3 major problems with the $5 billion shortfall. First, he is relying upon $1.8 billion in federal bail out money. This is like a drug, since you get it once, then you become dependent upon it, and you really haven't solved the fundamental problem in managing the state's finances. Secondly, you squeeze the taxpayers and businesses out of money with taxes, tolls, fees, and hidden charges associated with legislation. Third, the projected income in the Patrick budget is not realistic, which makes the $5 billion shortfall even greater. It is a guarantee as fiscal year 2010 proceeds that income shortfalls will become apparent and reported.

Retailers, to no avail, have warned Patrick and our legislators about loss of business due to increased taxes. Some businesses will close, some will move out of state, some will just record lower sales and profits. This all compounds the state's financial crisis. Contrary to what has been reported, the income generating population of Massachusetts has decreased. This also has a detrimental impact upon state finances. This means less income for the state, but also means more pay-out to the non income generating population which is increasing.

Deval Patrick has not shown the ability to make the tough decisions to manage the state's budget. He relies on smooth glib talk and lip service, and ineffective budget actions that are far from what is necessary. In addition, and very disappointing, the legislature is failing to speak up and take action, and is not representing the people of the state.

The people of Massachusetts should be alarmed. The media needs to ask the tough questions and do the investigative reporting in order to bring to light the true and significant financial crisis facing the state of Massachusetts. Sate Senator, Steven Panagiotakos, declared that our current financial crisis is one of the worst in our history. He is right. This is not the time for silence.