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Sunday, November 2, 2008

In Maryland: Giving the Governor more Money

We're talking slot machines here. It's been at the forefront of Maryland politics for close to a decade. The Democratically controlled legislature has adamantly opposed slot machines, despite former Governor Robert Ehrlich virtually begging them to let the item come up for referendum. In Maryland, Democratic lawmakers like to retain control, so nothing ever comes up for referendum. So slots went down in flames for the Republican governor.

Enter Martin O'Malley, the latest Democratic wunderkind, who after only one year in office developed a breathtakingly low approval rating. In addition, The Cato Institute found him to be the worst governor in the Union, due mostly to his tax increases with nothing to show for it. Steve Hanke, Hopkins Professor of Economics, wrote:

Gov. Martin O'Malley called Maryland's lawmakers back to Annapolis late last year for a special session of the General Assembly. The assembled pulled off one of the greatest tax heists in history.

After some hand-wringing and cosmetic attempts to rein in surging state spending, Gov. O'Malley and the leaders of the Senate and House of Delegates got down to the real business at hand — tax increases, big ones.

Tax increases always lead to a decline in tax revenue, so with revenue down significantly and another looming budget deficit, O'Malley has now gone asking for slots. Lo and behold, the leaders in the legislature reversed themselves, and are suddenly in favor not just of the referendum, but now of slots, too!

Because O'Malley's fiscal discipline is like a 5-year-old with ADHD, I am NOT in favor of giving him access to any more money to blow. He'll have to balance his budget the old-fashioned way - like his Republican predecessor (and the Democratic ones, too).

The problem with O'Malley is that he's punitive. He'll no doubt cut services to the taxpayers, and blame it on the "previous administration." That only works in the first few months of your term, there, Marty.

Anyway, Vote NO to Question 2 on the ballot.

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