Home » Opinion » Editorials
Hassan's budgeting: Totally irresponsible
Maggie Hassan claims that she balanced the state budget when she was Senate majority leader and that she would balance it again, and in the same way, should she be elected governor. If that happens, the State of New Hampshire would be in real financial trouble - again.
The two state budgets Hassan was instrumental in shaping were fiscal disasters. Combined, they raised state spending by about 24 percent in just four years. As Josiah Bartlett Center President Charlie Arlinghaus pointed out on these pages on Wednesday, they also added $285 million in state debt - a shocking 43 percent increase in just four years.
Rather than cut spending to match revenues, Hassan opted to borrow hundreds of millions of dollars to keep the gravy train flowing. She voted to borrow money to pay for operating expenses and even voted to borrow money to pay for previous borrowing.
And still, with $285 million in borrowing and $167 million in federal stimulus money, Hassan and her liberal cohorts could not make ends meet, so they passed numerous tax increases, including the infamous LLC tax, to fill the void. She even supported a scheme to take $110 million from the Joint Underwriting Association, a private insurance fund, to balance the budget.
Hassan has consistently supported raising revenues in whatever way imaginable - including tax hikes, increased borrowing, budget tricks and legally questionable schemes - rather than cut spending. If she is governor, expect a return to exactly this kind of irresponsible and financially dangerous budgeting.
READER COMMENTS: 9
- Kuster's abortion lies: Claims against Garcia are untrue - 29
- The Obamaconomy: Shea-Porter shows its flaw - 30
- Smith schools Hassan: Leadership in Londonderry - 0
- Where officers live: Manchester is missing the point - 4
- Leo Bernier: For Hillsborough County Commission - 0
- Insurance exchanges Sam's Club or Obama's club? - 11
- Garcia and Guinta: For a change, send them to DC - 22
- Jeanne's travel ban: She doesn't want Obama here - 14
- Making it up: Shameless state Senate attacks - 9
READER COMMENTS: 0
- John Habib's City Sports: St. Thomas coach: I owe Central - 0
- Armed burglar from Derry sentenced to prison - 0
- 'Bingo hunting' police use random license plate checks to make arrest - 0
- Bedford police investigating burglary at Verizon Wireless store - 0
- Police: Manchester man charged with endangering child after going 101 mph - 0
- FairPoint customer concerned about blocked emails - 0
- Plaistow narrows field in search for its new police chief - 0
- Man faces robbery, assault charges after extradition from NY - 0
- Hershey Bears shut out Monarchs - 0
Hockey brought them together; Hooksett ice rink will serve as NH couple's 'church' for wedding