Feeling the pinch, leading Democrats in the state legislature quickly settled on a means of bringing somewhat into balance a recently passed spending plan that Democratic State Comptroller Nancy Wyman asserted was about half a million short early in November, a few weeks after the legislature had passed the budget. The ladies and gentlemen in the legislature cut tax relief out of the spending lard. Wyman, of course, was too polite in her assessment of the budget, little more than a legislative Ponzi scheme designed to convince voters that the legislature, in tandem with the governor, had settled an annoying deficit. The budget itself -- a meandering $37.6 billion that disperses $18.64 billion this fiscal year and $18.93 billion in 2010-11 – was a chewing gum and string concoction that relied on one time revenue sources and disappearing savings. Moody’s Investor Service took one look at the budget, shrieked at the choices made by the legislature to address budget gaps and an ant...
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"
--Samuel Adams