Frank McCarthy: Stark differences
Click here to view this article at the source publication
I was first elected to the N.H. House in November 2010. Notwithstanding state law requiring budgets be balanced, we were burdened by the departing Democratic majority with an $850 million built-in budget deficit. We rolled up our sleeves and went to work. We soon adopted a balanced biennial state budget, containing not one red cent in new taxes or fees. Rather, we eliminated $1 billion dollars in unessential, superfluous Democratic wish list spending.
One of the starkest differences between Republicans and Democrats is the understanding of the basic purpose of budgeting and how the end product “must” be determined. Republicans, as do most households, look first at the amount of revenue available during the budget year. Spending priorities are then determined, and spending is balanced within the estimated revenue total. It’s the only proper way to do it. Either that, or tax yourself into oblivion.