Budget & Spending Issues
April 04, 2013 JBudget & Spending, Labor, Education & Pensions
The Montana pension system is in a deep financial hole which jeopardizes retirement benefits for all current state retirees and current employees as well. During the 2008 recession the DOW dropped from 14,000 down to 7,000 in early 2009. The pension investments dropped from $8.5 billion down to just over $5 billion… a $3.5 billion hole
April 02, 2013 JBudget & Spending, Health Care & Entitlements
After the House Human Services Committee tabled the Governor’s Medicaid expansion bill Wednesday night, House Minority Leader Chuck Hunter attempted a blast motion. The blast motion failed by 1 vote, 49-50. However, inside sources reveal that Rep. Hunter will try to blast this motion at every House session up until transmittal of revenue bills on [...]
April 02, 2013 JBudget & Spending, Health Care & Entitlements
The attention on Medicaid Expansion is likely to shift to the Senate, where SB395 failed by a 4-3 vote in Senate Public Health Committee. Democrat Senate leaders are likely to try to blast the bill out of Committee. Unlike the House where you need a super-majority of 60 votes, all you need is a majority of Senators to [...]
January 29, 2013 JBanking & Financial Services, Budget & Spending
The Economic Freedom and Prosperity presentation, being delivered throughout the state by Joe Balyeat, AFP-MT’s State Director, provides great talking points to help anyone understand and explain the unique benefits of our free market system. It is based largely on the research by Robert Lawson of Auburn University and James Gwartney of Florida State University [...]
January 23, 2013 JBudget & Spending
Economists left, right and center agree – you don’t raise taxes in a weak economy. Consider these quotes from a recent economic study done by former Chairman of Obama’s own Council of Economic Advisers, Christina Romer: “Tax increases are highly contractionary.” “… A tax increase of one percent of GDP lowers real GDP by roughly three percent. … Tax increases have a large, rapid, and highly statistically significant negative effect on output. … A tax increase is followed by a large and highly significant rise in the unemployment rate.”