RI’s Painful Future
The really disheartening thing is that I don’t believe our elected officials have the intellectual or ideological framework to get us out of this:
Rhode Island government is probably facing a deficit of $486 million for the fiscal year that begins next July 1. And the House fiscal office predicts that deficits will grow by roughly $80 million each year, to $770 million in 2012.
Slash taxes. Trim regulations and mandates. Rebuild infrastructure. Declare it; do it; and watch productivity return to Rhode Island.