Originally posted in a LVRJ Forum
Nevada will have a 30 percent gap between spending and revenue, edging out Arizona, which faces a 29.8 percent deficit .. The gap is calculated by comparing expected revenue to the sums that states see as necessary to maintain current state services.
These "gaps" always reflect the same big government phenomena: spending increases far beyond levels existing (high) tax revenues can support. Look around. You'll see.
The gap should actually be calculated by comparing existing revenues (in our case, $3B per year) to what's necessary to fund minimum, constitutional government ($100M per year). The small government gap is 2,900%.
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