GA tax revenues down

According to reports on the news last night, GA’s tax revenues were down by about 30% (not sure). This should be no surprise, considering the current state of the economy. Of course people are spending less, due to unemployment and insecurity, so the tax revenue stream is uncertain. So right now we have politicians making budgets with money they don’t have. This emphasizes the point that there is something wrong with our government system. Politicians are constantly spending money they don’t have. As a state government there is no sense of responsibility for their actions, because they believe that the federal government will help them out when they need help. But if all 50 states rely on this ideology then the losses will start adding up quickly.

As a nation we should not leave the responsibility of the economy in the hands of the government. Most of the politicians running for office are unqualified for the position in the first place. Then when they are elected they have cabinet positions to give them advise for things they have no expertise in. The government at all levels should reduce the number of cabinet positions in order to reduce their costs, but citizens need to elect politicians that are most qualified for the job.

There are also slow seen effects from government actions. So instead of a bailout, we should let the free market economy fix its own problems. Just look at General Motors, the federal government gave them billions of dollars as a bailout, and they are still asking for money. Then it turns out that GM might have to file for bankruptcy anyway. Taxpayers will have to pay for the government’s actions for giving GM billions of dollars, which will not help GM.


Links: http://www.legis.state.ga.us/legis/2009_10/house/budget/reports/AFY_2009_Bill_House_Version.pdf