Wednesday, October 13, 2010

Roy-onomics: No Way to Pay for Big Spending

Georgia legislators are required to pass a balanced budget but you wouldn’t know it if you saw Roy Barnes’ campaign promises. The Savannah Morning News has quantified Barnes’ campaign pledges at $2.2 billion per year, meaning his governorship would cost voters over $8 billion in campaign promises alone.

How will Roy Barnes pay for his binge-spending plans? He’s only proposed elimination of one tax exemption, the tax exemption on jet fuel, worth $24 million and barely 1% of his new spending. Barnes also proposed a plan to allow local governments to collect sales taxes, but he disagrees with his own campaign manager on the amount of revenue it would bring in. Even the most optimistic estimates fall far short of balancing the budget with his pie-in-the-sky promises of massive new spending.

“Roy’s big spending plans mirror those of Washington Democrats, not the wishes of Georgia voters,” said Georgia Republican Party Chairman Sue Everhart. “Republicans are addressing the concerns of Georgians by cutting spending and living within our means.”

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