[speedgibson] Speed Gibson: If only it were true

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Posted by Speed Gibson:
If only it were true
http://speedgibson.powerblogs.com/posts/1235262081.shtml


   I'm out walking as usual on Saturday, listening to the North Alliance
   as usual. I hear Mitch and Ed try to put our state budget deficit in
   perspective, trying remember what the budget itself is. Mitch was way
   low thinking $5 billion a year, Ed much closer at around $14 billion
   annually - if you're only talking about the General Fund, that is.
   Do you know what state spending will be for the current year, or at
   least until the unallotments? About $ 28.5 billion, of which the
   General Fund is $ 17.4 billion. That's correct, four of every ten
   dollars spent is not from the General Fund.
   That's about $5,600 per capita, over $20,000 for a family of four.
   Obviously a lot of that is hidden from us, like in higher prices to
   pay our corporate income tax.
   The state has a two page history of these figures, available at the
   [1]Minnesota Management and Budget web site. Like [2]Real Clear
   Markets these days, an adult beverage or two is good preparation for
   what you'll see.

References

   1. http://www.mmb.state.mn.us/budgte-spending
   2. http://www.realclearmarkets.com/