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THIS MUST MEAN TAXES AREN'T HIGH ENOUGH

August 15, 2006

This headline at the TaxProf Blog says it all:

State Tax Revenues Surged 7.7% in FY 2006, Eclipsed by 8.4% Spending Increase

The National Conference of State Legislatures has a firm faith in the ability of our elected representatives to spend faster than we can feed them money:

For FY 2007, NCSL projects state tax revenues to increase 3.0% and spending to increase 7.6%.

Words fail me.

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