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Monday, February 06, 2012

EDITORIAL: Big Spenders On The Chesapeake

O’Malley’s tax-the-rich schemes will impoverish the Free State

Maryland Gov. Martin O'Malley may be more skilled at implementing President Obama’s agenda than the White House itself. The Democratic governor is bringing the same big-spending, high-tax and class-warfare policies to the Free State. It’s going to cost residents a bundle.

Tough economic times have forced ordinary Americans to cut back in order to get by. Not so Mr. O’Malley, who spends $35.9 billion in the budget released last month. That’s up from $34.2 billion last year and $32 billion the year before that. As Maryland Business for Responsive Government points out, the general fund budget fattened 11.4 percent last year, creating yet another deficit. This budgetary gap is covered by a combination of higher taxes and borrowing. This year’s deficit will be about $1 billion, an improvement over the $2.4 billion from a couple of years ago, but Maryland’s already large debt burden is growing larger.

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