by Duluth News Tribune
December 1, 2011 at 3:57 am in Duluth News Tribune
The state of Minnesota is projecting an $876 million budget surplus, easing fears of a bruising new budget fight just months after the government shutdown. Continue Reading
Tags: Legislature, Minnesota, Minnesota legislature, money, updates 61 Comments »
After all the angst we went through last summer? Yes, having a surplus is a good thing and we should be trimming and saving but folks, let’s keep “Minnesota Nice” a truism. We should not build a surplus on the backs of the poor and vulnerable. If one single conservative takes credit for this I shall vomit!
Hot debate. What do you think? 43 47
Of course the surplus was all because of the liberals. Right.
Hot debate. What do you think? 39 31
No, didn’t say that at all! Had conservatives gone along with balanced approach of cuts in waste AND tax increases our poor would be able to live like human beings AND the surplus would be even larger. The surplus would be larger because the poor and middle class would be better able to spend some of their income on goods and services rather than just exsisting. When the poor and middle class are doing alright EVERYBODY prospers. Conservatives have yet to understand the principal that when 99% of the people are unable to buy cars, new cars and such NOBODY wins. The economy is driven my the middle class NOT the wealthy.
Hot debate. What do you think? 39 40
OOPS, I meant new clothes not to say cars twice 8)
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You mean our money would go to supporting those on welfare that abuse the system and take cash out of their EBT cards to buy synthetic drugs.
Hot debate. What do you think? 44 32
She must have missed the big bold headlines last week that said shoppers were out spending money at record levels on Black Friday last week. You know, the middle class who can’t afford to spend their money on anything other than “just existing.”
Hot debate. What do you think? 30 24
What world do you live in?!? A larger surplus? That’s a laugh! The dems would have increased spending so as to guarantee no surplus.
99% of people can’t afford cars? Boy, that 1% sure does own a lot of cars, ’cause the streets are filled with them. And who’s that out there driving cars that don’t belong to them? Typical to your liberal leanings, you once again play fast and loose with the truth….and you wonder why the occupy movement lacks credibility? Start by looking in the mirror.
Hot debate. What do you think? 26 30
Grab your bag. 100% of the credit belongs to the Republicans for putting a leash on the irresponsible spending of the democrats.
Hot debate. What do you think? 52 44
OK state government. Now that you have a surplus AGAIN….To the Republicans..do not try refunding our money AGAIN. All you do is spend more money to do it and then you are broke 2 years from now. To the Dems…this is not a green light to spend more. Save it for a rainy day. Buy some safe bonds and sit on it.
Well-loved. Like or Dislike: 74 5
HIGH 5′s to you Andy! You have it exactly right. Both sides bear blame and untill they can BOTH take a long hard look at their party ideals and STAND UP for doing the right thing we shall bounce back and forth.
Well-loved. Like or Dislike: 48 15
I don’t think it is ‘legal’ and allowed by the constitution to ‘buy bonds and sit on them’. I think this requires an ammendment. The goverment is better at spending on pet projects and ‘spreading it around a little’ as Obama said to Joe the Plumber. Money doens’t belong to the goverment, it is the taxpayer’s money believe it or not!
Hot debate. What do you think? 22 19
Oh abomination….first of all governments can create a “rainy day” fund. It was more figurative than actual. If you need an amendment so be it. I think you can however. Your acrimony and negitivity is always refreshing. My point is it costs too much to do. We already have learned to live with out it. Some time in the future we will need it. I have watched that clip of President Obama and it is well known how the Right interpets it. The first time I heard it I took it as that the rich is becoming richer and the middle class is disapprearing. I took it is as he would like to see everybody have a realistic chance to improve themselves and be able to get ahead. Many in this counry feel that the game is now fixed and unless you are born into money, it is near impossible to make money. Just like the “apologizing for America”. I will give you a shiny quarter you can find a clip or link, in its entirety, where he apologizes for American greatness. Even Politifact.com has rated that as a “pants on fire” lie I am not saying you have to like or support the guy. But how do you degress from great financial news for the state to this is President Obama’s fault and its bad news? I am for the taxpayer, but way to try and turn it around.
Well-loved. Like or Dislike: 29 14
LOL…there you go again Andy…doing what you do best! You’re the definition of “don’t believe everything you read”
Like or Dislike: 3 9
Andy, it’s a projected surplus. Once the obligations that were pushed down the road to the next biennium are paid for, I suspect that there will be very little “surplus” left.
Well-loved. Like or Dislike: 32 4
Hidden due to low comment rating. Click here to see.
No, if there’s a surplus, it belongs to us Minnesota taxpayers. It must be refunded to us.
Poorly-rated. Like or Dislike: 11 25
I could use a new washer.
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or a bath?
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You were thinking about me in the bathtub?
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Sorry my self infatuated friend, but I think about you as little as possible. I’d rather think about root canal surgery sans Novocain than waste any of my precious resources torturing myself with the thought of you without clothes. In fact as I write this, I’m contemplating driving a pencil into my pupil thus guaranteeing I’ll never have to see you in the buff. So don’t flatter yourself. Nobody’s interesting in you, nude or otherwise.
Like or Dislike: 9 14
All evidence to the contrary. Who are you trying to convince? I don’t seek out your posts but for the last month, at least, you’ve made many off topic personal attacks against me for absolutely no reason whatsoever, which says to me that you do indeed think about me almost constantly. I don’t know why you’ve developed this obsession with me but I guess it pleases me that you are thinking about me rather than thinking about molesting children. I’ve told you many, many times in the past that I don’t swing that way and I have no interest in you at all, yet you continue to chase me. Shouldn’t you busy yourself with cleaning your abode, organizing your closet and spending quality time with your 6 cats?
Like or Dislike: 17 11
but you continue to live in your mother’s basement, and still don’t know who your father is. Luke! I am your father! (not one of my prouder moments)
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Man. Lol. You are just really sad. Not only are you one of the biggest losers of all time, you are an unoriginal loser. You’ve been warbling the same schtick for a month now, at least. If you are going to attempt to insult me, at least try to be creative.
I know I am the crux of your whole existence but the act is old and tired now. Come up with something new because I find myself cringing for you because of what your life must be like. There, but for the grace of god, go I. I’ll be waiting.
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Self absorbed much? Tell me, when did you stop beating your girlfriend? And when did you stop being a burden to your mother and the taxpayer, you loafer?
Like or Dislike: 4 6
When did I stop beating my girlfriend? I don’t recall. When’s the last time your father went to the E.R.?
As far as being a burden, you would know more about it than I would. Being a civil servant, you get your wages from me and the rest of everyone else that you haven’t served adequately.
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Consider yourself served.
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Oh, and be especially careful about how you behave this holiday season. You never know who’s watching you. The cops do get access to the IP address of posters.
I believe there is a very good chance that we will be going back into recession next year. And if Obama wins make that 100% that we will be going into a long deep depression.
I would counsel our representatives to FREEZE spending at this level and be prepared to make big big cuts coming up.
Hot debate. What do you think? 34 35
Mr Anderson. Again how does this good news get to a negitive on President Obama is beyond me. There is little chance the Dems will keep the senate. they have like 24 seats to defend and Republicans have like 7. So both houses will be Republican. Even if Pres. Obama is elected there is little he can do with reguards to spending. You may be surprised on the next year. We are still digging out of a huge hole, as is the whole world, but I would not be surprised on 4% growth and unemployment down 3% or so. But In the end I agree, the should freeze spending for now and keep this refund as a reserve. Still a couple a years away from a full recovery and as a state, we should be wary.
Hot debate. What do you think? 24 14
It is good news. Obama deserves no credit. And I agree (as I said) that spending should be frozen.
I disagree with your rosy prediction. The world wide debt, strangling regulatory environment, and scandalously bad income tax system, ares just too heavy a burden to allow the kind of growth you see. Not to mention that a large fraction of our politicians and bureaucrats don’t even WANT growth and are actively working to prevent it.
Hot debate. What do you think? 23 27
I say “BANK IT” as a rainy day fund. Reason…if that ignorant, incompetent Hussein is kept in office by the unions for another 4 years, times will get a lot worse and the state will need to have a bit of a bankroll to get us through Husseins depression.
Hot debate. What do you think? 27 30
At .04% interest?
Like or Dislike: 15 13
bac – you’re right. We should just spend it, and -100% interest.
You can all take your political partisanship and choke on it! David Anderson: again you are absolutely wrong! Bill Clinton left a gazillion dollar budget surplus to Geo W Bush who left us with a $trillion deficit, 2 wars and a laissez faire policy that allowed the banking industry to screw all of us worldwide, not to mention opening the North Slope to oil exploration coz Daddy’s an oilman, even though he came from New England. Get original all of you and see what the Dems and Reps are doing to America thanks to your ignorance and chauvanism.
Hot debate. What do you think? 36 28
STILL blaiming Bush? Wow you dems never want to accept any responsibility for anything. Well Hussein owns this resession and has only made it deeper with each passing month. Hussein is totally incompetent and has no clue as to how to solve this countries woes. He is just pandering to his base of minorities and welfare leaches.
Poorly-rated. Like or Dislike: 27 37
I’m not partisan at all. The national republicans are complicit in our predicament.
Hot debate. What do you think? 25 14
If you did some research, you would be able to find out that at no point under Bill Clinton did our national debt go down, only increased. He claimed to have a budget surplus by simply moving money from one account to another.
Here’s some links for you:
National Debt from 1950-1999: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo4.htm
National Debt from 2000-2010: http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
George Bush increased the deficit over 100% from when he took office to when he left after 8 years.($5.8 trillion to $11.9 trillion)
Barack Obama has increased it over $3 trillion to over $15 trillion in 3 years.
It doesn’t matter whether you are democrat or republican, because we can all agree that the US government is spending way too much money every year.
Hot debate. What do you think? 21 11
The day the Democrats took over was not January 22nd 2009, it was actually January 3rd 2007, the day the Democrats took over the House of Representatives and the Senate, at the very start of the 110th Congress.
The Democratic Party controlled a majority in both chambers for the first time since the end of the 103rd Congress in 1995. For those who are listening to the liberals propagating the fallacy that everything is “Bush’s Fault”, think about this: January 3rd, 2007, the day the Democrats took over the Senate and the Congress:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Remember that day…
January 3rd, 2007 was the day that Barney Frank took over the House Financial Services Committee and Chris Dodd took over the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
THANK YOU DEMOCRATS (especially Barney ) for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment…to this CRISIS by (among MANY other things) dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac FIASCOES!
(BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie -starting in 2001 because it was financially risky for the US economy). Barney blocked it and called it a “Chicken Little Philosophy” (and the sky did fall!)
And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA
And who fought against reform of Fannie and Freddie?
OBAMA and the Democrat Congress, especially BARNEY!!!!
So….. when someone tries to blame Bush…
REMEMBER JANUARY 3rd, 2007…. THE DAY THE DEMOCRATS TOOK OVER!”
Bush may have been in the car but the Democrats were in charge of the gas pedal and steering wheel they were driving the economy into the ditch. Budgets do not come from the White House.. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party. Furthermore, the Democrats controlled the budget process for 2008 & 2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the 2009 budget.
And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete 2009. Let’s remember what the deficits looked like during that period:
If the Democrats inherited any deficit, it was the 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years, and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, and that includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself.
In a nutshell, what Obama is saying is “I inherited a deficit that I voted for, and then I voted to expand that deficit four-fold since January 20th, 2009 when I was sworn into office.”
“The problems we face today exist because the people who work for a living are outnumbered by those who vote for a living.”
Hot debate. What do you think? 27 23
Doug, Clinton signed the repeal of the Glass-Steagal act that effectively ended regulation of our banks. Add to that the extortion groups like ACORN used to force/blackmail banks into granting loans to unqualified borrowers and you get our current economic malaise. People(and Gov’ts) need to stop spending what they don’t have. Am I allowed to assess my employer an additional 105 so that I can pay for a new toy? Well that’s what gov’t/politicians are doing to us. They assess us for money that they then use buy votes, and give to their crony supporters and friends, all the while exempting themselves from laws that would land them in jail if their actions were carried out by a private citizen.
If we confiscated (taxed) every dime of income of our alleged millionaires/billionaires we still couldn’t run the country for 3 months. Additionally, if we taxed all corporate income at 100% we wouldn’t make it through August. We are not experiencing a revenue crisis, we’re experiencing a spending crisis. I say throw the whole bunch of them(legislators who vote for deficit spending) in the can until their debt has been paid off. Maybe then we’d see a return to fiscal sanity.
Hot debate. What do you think? 18 15
Doug, Clinton signed the repeal of the Glass-Steagal act that effectively ended regulation of our banks
It allowed banks to get into new businesses. Banks are still bowing under a huge load of regulation.
Hot debate. What do you think? 19 15
Right on Douglas! People need to start actually analyzing politicians as individuals. After reading several of the posts on this site I see that people like David will agree with the republicans no matter what and others do the same with democrats. Dave probably agreed with Bush and Dick when they were saying that deficit spending was a “good thing”. By the way, that is a quote from Mr. Chaney that isn’t taken out of context. Start coming up with your own opinions people.
Like or Dislike: 12 12
Andy–This isn’t a “Bush Good/Obama Bad” argument. This is you trying to pin 100% of the blame for the current economy and every other problem in your life on W. Let me school you for a bit…….
News flash, boss……most of the current problems weren’t created by Bush-era policies. Clinton signed the bipartisan repeal of Glass-Steagall, left Bush 43 with the aftermath of the dot.com bubble and recession–one which was exascerbated by 9/11, which was caused by his failure to get bin Laden when he was offered up to the CIA by the Sudanese government.
Let’s not forget that Clinton hired crony Franklin Raines to head the now-bankrupt government-sponsored entity Fannie Mae. Artificial housing goals and loosened lending guidelines resulted in huge bonuses for Raines and his management team; the riskier loans led to the housing crisis. To put things in perspective: The TARP bailout of Wall Street will end up costing the federal government between $15 billion and $20 billion dollars. GSEs Fannie Mae and Freddie Mac have been bailed out to the tune of over $160 billion. The Occupy Schmucks have a huge problem with Wells Fargo and US Bank foreclosing on homes; yet Fannie and Freddie get no attention. Interesting.
Want to blame the Iraq War on Bush? That’s tough too, because CIA Director George Tenet provided the faulty WMD intelligence to the Bush Administration. Who initially appointed Tenet to that post, pray tell? Yep. You guessed it. Bill Clinton.
Also of note, Doug: You must not have paid attention during your civics class back in grade school. Presidents cannot spend money. Only Congress can. Any budget bill originates in the House Budget Subcommittee before moving through Congress, and is only signed or vetoed by the President. The President does not introduce, legislate or amend any budgetary item. Care to venture a guess of which political party controlled Congress during Clinton’s tenure? I’ll give you a hint: It wasn’t the Democrats.
But I’ll give you a second chance, Dougie: Tell me which Bush policies caused any of our current problems. Please be sure to use facts…..you know, those inconvenient little tidbits of truth that seem to escape most of your posts.
Like or Dislike: 12 9
Asking a liberal to use verifiable facts to support his argument is like asking a chimp to use a typewriter to write what he wants. Neither is gonna happen, but both are good for a little comic levity.
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Sort of like threatinig a someone with the cops, huge?
You are the biggest loser……
Like or Dislike: 0 1
Only the most clueless U.S. citizen can suggest that one single person, president Obama, is responsible for the crashing economy. Obama doesn’t control the economy. Goldmann Sachs controls the economy! Obama can’t hire legions of lawyers to distort and nullify any regulation, social program, or stimulus package the government implements. However, big banks can.
As for spending, it is naive and destructive to think that cutting ALL spending, ALL across the board is a good thing. If somebody spends all their money on hard drugs, you don’t tell them to spend less on food and heating because they have a “spending problem”, you say they have a drug problem.
Hot debate. What do you think? 21 21
Nobody is suggesting that you blame Obama for his crashing of the economy.
Like or Dislike: 9 12
It is a straw man to claim ANYONE WANTS to cut ALL spending.
Hot debate. What do you think? 19 14
Let’s hope that the state starts by paying the school districts the money they have been witholding. I can understand the logic of an individual holding back the electric or gas bill a couple of weeks when they can’t make ends meet, but the school districts across Minnesota are paying millions of dollars in interest because the state of MInnesota has been holding back money to “balance” the budget.
Let’s get our current accounts squared up before anyone suggests tax cuts or new programs.
Well-loved. Like or Dislike: 30 10
Why are you arguing about a good thing? Seems to me why not take the good news and be happy. But no it has to be dragged through the mud first?
Like or Dislike: 15 12
If you have a $5,000 balance on your credit card and you get an $800 bonus a responsible person will have a $4200 credit card balance instead of a $5000 balance and a new TV.
Well-loved. Like or Dislike: 26 6
If this $876 million surplus is for the two year budget and the state of Minnesota was already in debt to the tune of around $5 billion dollars shouldn’t the $876 million go towards paying off the state’s debt?
Well-loved. Like or Dislike: 24 3
Or we could take it and build a gold plated foot ball stadium.
Like or Dislike: 18 10
Make more sense than building a casino to fund the stadium.
Like or Dislike: 10 13
Guess that’s just not the conservative way?
Right…let’s spend a lot of money to put up a building that MIGHT fund another building that we want?
Like or Dislike: 8 11
The surplus should go toward paying down the state debt. I also wonder just how much surplus there would be if the state paid all the school districts the money that is owed.
Like or Dislike: 16 2
I have no doubt how Jesse Ventura would handle this if he was still your Gov.
Like or Dislike: 5 8
That ‘surplus’ wouldn’t be there if the state hadn’t taken out a loan against the tobacco settlement money. A loan that’s going to cost all of us for years to come.
Most likely just that many more years the schools aren’t going to see dime one of the money they’ve been owed by the state for, how long?…
Like or Dislike: 10 7
Gezzzz.. Wake up people!
Surplus real or not, was manufactured to get Ziggy and the Vikings their new stadium cheaper, and covered by the Minnesota taxpayer. Had a stadium and the Vikings moving NOT been an issue with politicians and their “fat-cat “friends….
NONE OF US would have heard about a surplus in the first place!
AND ::::!!!! If their REALLY is a surplus, we need [as taxpayers] to find out who in gods name hid that cash. Then hang the whole lot of them by the neck untill dead, right on the capitol front lawn!
Viva the next American revolution!
Like or Dislike: 11 4
The next biennium (2013-2014) shows a projected $1.3 billion deficit. So what are they crowing about? And they also expect that all jobs lost during the Obama depression will have been replaced by then. Who does these predictions? Carnac?
Like or Dislike: 3 1
Suppose that’s all your money, huge?
Like or Dislike: 0 0
I’m can’t help you buddy…I’m a peaceful person…you may have to take care of this all by yourself.
Like or Dislike: 1 2
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