Friday, June 11, 2010

Risks?

* When you do a Google search for Kasich, one of the links is to the University of Delaware noting a book release by one of their graduates. The book, written by Mark T. Williams, is called Uncontrolled Risk: The Lessons of Lehman Brothers and How Systemic Risk Can Still Bring Down the World Financial System.


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Ohio.com has a good editorial called, What Would Kasich Do?----

...the state has spent the past five years reducing taxes, individual income tax rates falling by almost 17 percent, the homestead exemption on property taxes expanded and business taxes slashed $1.6 billion annually. Second, Republicans point to Strickland for the state losing 430,000 jobs. Are they saying the tax cuts haven't worked? Or is the fair conclusion that the governor isn't to blame for a national recession?

...All of this is indicative of a hollowness at the core of the Kasich campaign. He wants credit for balancing the federal budget without telling the complete story. He boasts about his business experience yet won't share the details of his time at the reckless Lehman Brothers, let alone what he may have learned or his complete income tax returns. Now he pledges that he won't stand for tax increases without explaining how he would cover a huge budget hole.

Remember the Republican majority in the Ohio Senate struggling last year with a relatively puny $851 million deficit? Many in the caucus said no to postponing the final installment of the income tax cut. They failed to come up with a coherent plan for closing the gap through spending cuts....


How long will Ohioans have to wait for a detailed response? What are the risks we face with a Kasich administration?


**** Last night Gov. Tim Pawlenty of Minnesota was on the Daily Show with Jon Stewart. Pawlenty said he had cut taxes in his state. When Stewart asked him what happened when local cities lost state funding, Pawlenty noted that it was up to the local cities/counties to decide either to make cuts or raise their own taxes. Isn't that what Kasich plans to do---- cut state taxes? Wouldn't that also leave an unfair burden on Ohio's local communities just as it has happened in Minnesota?