New Hampshire’s Budget Deficit Grows While Governor Lynch Does Nothing
I never thought I would say this but New Hampshire Governor John Lynch should look at what Governor Deval Patrick is doing in Massachusetts. Governor Patrick also overspent what his state could afford and much like Governor Lynch now has to make some budget “adjustments.”
While Deval Patrick has decided to lay off 1000 state government hacks, John Lynch has stood by and done nothing except watch the deficit grow.
It took two weeks for Gov. Lynch’s estimate of this year’s revenue shortfall to grow $50 million worse. What was a $200 million shortfall on Oct. 1 became a $250 million problem on Oct. 16, based on revenue already in hand, and projections through June.
If the next attorney general of the United States, Deval Patrick, can fire 1000 people that he owed favors to than surely there is something you can do Governor Lynch other than sucking your thumb and blaming Bush.
The projections that the above quote mentions are the whole problem with the budget and they have been from the beginning. Governor Lynch purposely inflated the budget projections to justify all of his new spending and he was warned from the beginning that these projections couldn’t possibly be met. They weren’t.
I have been writing for over a year about the budget shortfall, and all of this time the teflon governor knew about it and still he has done nothing. Well, he did raise the cigarette tax last week, other than that, NOTHING!
Governor Lynch’s budget had problems before the national economy went bad, but the economy has given the teflon one perfect cover to hide behind. The truth is that within one week of signing the budget this article warned of a budget deficit that could hit $238 million.
He estimates that revenues will be short of expectations by between $151.5 million and $235.8 million,
From the very beginning the alarm bells were going off but Democrats in the legislature didn’t care and they didn’t want to believe it. All they knew was that they finally had total control of the state and they were going to spend. And spend they did.
So while Governor Lynch stands idly by the deficit grows every day. He appears to have no clue on a way to stop the deficit, but Governor Deval Patrick to the south of us does. Cut your friends out of the loop, that would be a good starting point.
America's Watchtower 
He must have a lot of friends too. They vote for him but can’t tell us why.
I think there is $$ involved. This guy Lynch is shady for sure.
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So, John Lynch was reelected in spite of the budget problems. And, I also head this week that NH has issued general obligation bonds to raise $ because of the shortfall. They are advertising them on the radio for goodness sakes. My question: why should anyone bother to purchase these bonds. What makes you think they are solvent and will be paid back?
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John Lynch’s proposal to solve the budget crisis was to take out a loan, to mortgage the future. We are now hearing the commercials on the radio. New Hampshire voters appear to be suckers so they will probably buy these up. It is so damn frustrating!
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Wow. We’re all suckers? Thanks for a huge stereotype. New Hampshire is one of the most independent states. It’s not like other people I know and I have been trying to keep track of issues like this or anything like that.
By most indicators the granite state has been weathering the downturn better than a lot of other states. While that’s not to say anybody is in the clear, you can’t say our state is run by incompetent leaders. It’s also pretty imperative that we do maintain spending without cuts to prop up aggregate demand. Any basic econ student can tell you that cutting spending and raising taxes at the same time is the perfect way to exacerbate a recession. The goal should certainly not be a yearly balanced budget, not this year nor next year, but once we’re out of the recession and unemployment stops rising. The costs of fiscal austerity have needlessly been demonstrated time and time again throughout history.
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No problem, if you voted for John Lynch than yep, you are a sucker.
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