WHIO:
...The Governor's filing showed he had $7.12 million dollars in the bank....
...Kasich’s filing showed he had a cash balance of $5.2 million....
> Speaking of Lehman Brothers, we have this news from the New York Times:
Lehman Bankruptcy Bill Approaches $750 Million
Lehman Brothers has paid all its lawyers and advisers a total of $731.6 million in the 18 months since its collapse, including more than $250 million paid to its bankruptcy liquidator, Alvarez & Marsa, Bloomberg News reports, citing a regulatory filing by the onetime Wall Street firm....
That is a lot of money!
**** Do you believe that past behavior predicts one's future behavior?
John Kasich has still not explained what he'll cut in the state budget to make up for the lack of funds when he eliminates the state income tax. In an article in Time Magazine (May 24, 1993), Kasich is described as wanting severe cuts in the federal budget during the Clinton administration. Kasich proposed a budget that made enormous cuts. However, Kasich had no solutions for what would happen to people, cities, and states when certain programs were cut. (Luckily, all of Kasich's cuts did not become realities.)
Time:
....Kasich claims to save more than $70 billion by cutting "bureaucracy" and "overhead." Exactly how, pray tell? Says the Kasich plan, piously: "It is not the role of Congress to micromanage the administrative functions of Executive Branch agencies." Oh, that explains it.
Keep in mind that these huge but unspecified bureaucratic savings are supposedly after programs identified as "wasteful" have been eliminated or cut. Other Kasich "cuts," such as $6.8 billion in sewage-treatment grants, simply transfer costs to state and local governments, which will have to raise taxes or increase their own deficits to cover them....
Did you see that phrase---- ...simply transfer costs to state and local governments, which will have to raise taxes or increase their own deficits to cover them...? That is exactly what Kasich would do if elected governor. Counties, cities, and townships would have to raise taxes to bring in the needed income because the state would no longer be able to provide financial backing.
- In another article from the Baltimore Sun written by Carl T. Rowan (May 17, 1995), we see Kasich's priorities and allegiances:
I've been trying to decide which is the most destructive element of the Republican schemes to balance the budget.
My first inclination is to say it is Rep. John R. Kasich's plan to give a $340 billion tax cut to the rich and super-rich....
I suggest you read the entire article to see what else Kasich wanted to eliminate when he was in the House of Representatives.
- In an article in the NY Times (February 15, 1995), the GOP and John Kasich, then in Congress, wanted to tinker with the federal college aid program by ending/cutting the student subsidy and then add more interest to college student loans. Luckily, President Clinton stopped these cuts.
All of these examples show how Kasich acted in the past. Ohioans have to wonder if he'd move similarly if elected governor. What programs and services would Kasich cut to reduce the budget?