State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Another economic report card, another horrible ranking for the state of Wisconsin.
The American Legislative Exchange Council (ALEC) has released its 2009 edition of “Rich states, poor states” that ranks all 50 states on their economic policies and performance, and also forecasts the states best equipped to rebound from the rough economy.
Wisconsin has the tenth worst economic performance ranking, dropping 11 spots from last year, and ranks #27 for its economic outlook (A property tax burden ranking of #42).
A press release from ALEC about the report says, “(It) shows how the federal bailout of the states may simply encourage out-of-control spending by states, which is up 124 percent over the last 10 years, without requiring them to make the tough decisions needed to bring about financial stability.”
Co-author of the report and highly acclaimed economist Dr. Arthur B. Laffer said, “States cannot tax their way into prosperity.”
One of the report’s conclusions:
“As budget problems become more severe, states must utilize every cost-saving measure possible to avoid economically damaging tax hikes. Increasing taxes during the current downturn is a non-starter for states that wish to remain competitive. Instead, we hope states will use their current financial problems to put their fiscal houses in order and say no to profligate spending and irresponsible budget practices, which have caused many of the current difficulties.
As lawmakers return to session in 2009, many will be faced with a budget crisis. A handout from Washington, D.C., might seem to help in the short-term, but as many seem to overlook, dollars from Washington rarely come without costly strings attached. Furthermore, a federal bailout would do nothing to address the fundamental problem of a decade’s worth of state overspending. If anything good comes out of the budget problems in the states, maybe it will highlight the key to good budgeting: having the ability to say ‘no.’ Hopefully the next time we face an economic downturn, states will have policies in place to avoid another crisis of their own making.”