Libertarians denounce PA budget process

The Libertarian Party of Pennsylvania doesn't have a voice in the Pennsylvania Legislature, but party officials want to say loud and clear they disapprove of the way Democrats and Republicans are handling the state's finances.

From a statement issued by Doug Leard, head of media relations for the Libertarian Party of Pennsylvania on behalf of party Chairman Michael Robertson:

Last year, Pennsylvania general fund tax revenues fell below $25,000,000,000. Our representatives in Harrisburg ignored the revenue shortage and spent over $28,000,000,000. Instead of facing reality for the upcoming year and joining taxpayers in tightening their fiscal belts, our representatives have proposed a general fund 2010 budget of $27,950,000,000.

To make matters worse, while most "budget" references are to the general fund portion of the budget, state government's total operating budget exceeds $61,000,000,000.

Where will the money come from? Increased taxes for one. The most recent budget plan retroactively increases the Capital Stock and Franchise Tax (CSFT) – the tax which Governor Rendell had said was the most harmful to the Pennsylvania economy In addition, we would be charged a sales tax for admission to performing arts programs (such as music concerts and theaters) and other cultural venues (such as museums, parks and zoos). Smokers will also pay an additional tax for cigarettes.

But, these taxes will not be enough to meet Harrisburg's hunger for spending. So, Governor Rendell and legislators appear to be counting on federal bailout dollars and may exhaust Pennsylvania's Rainy Day Fund to delay facing economic reality until next year.

Media Relations Chair, Doug Leard, stated "Harrisburg's approach to belt tightening is like the man who comes home from work and tell his wife 'Times are tough at work – no bonus this year and 10% pay cuts across the board. Boy, it’s hot today. Let's put in a pool.'"

Based on recent budget proposals, The Commonwealth Foundation, an independent, non-profit research and educational institute, projects a budget deficit of $846,000,000 next year that will grow to $14,400,000,000 in 2012 as federal stimulus money disappears and pension obligations for Pennsylvania's School Employees' Retirement System (PSERS) and the State Employees' Retirement System (SERS) come due.

The Libertarian Party denounces both the Republicans and Democrats along with their bankrupt vision of spending, taxing and regulating Pennsylvania into even deeper hardship. If voters want to escape from this budgetary death spiral, the only option is Libertarian Party candidates for the General Assembly. After all, the status quo has proven yet again to be no choice at all.

For more information about the Libertarian Party, visit www.LP.org or www.LPPA.org