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Treasurer's Blog
1/20/2011
The Golden Goose, and State Debt
The new leadership team in Augusta wants what you do: more and better jobs with fatter paychecks for our fellow Mainers. Your State Treasury will play an important role in getting there.
The private sector funds state government.
Businesses and their employees create new income and wealth, part of
which is taxed. These income and sales taxes hire the state workers
who deliver services, such as public education, to every Mainer.
The private sector is the golden goose.
It must be nurtured in order to grow. Doing so will create more and
better-paying jobs, a higher quality-of-life, and plenty of tax
revenues to provide government services for our citizens.
Forbes Magazine ranks Maine as
the 50th most difficult state in which to do business. We're dead
last. Our golden goose has been cooked by 30 years of poor economic
development decisions in Augusta.
To correct this, state government needs to
address six important issues. Together, they will attract business
investment and jobs, and help to keep our kids here.
1. Reduce the size of state government to save money.
2. Lower taxes and fees as a result of downsizing government.
3. Lower energy costs.
4. Lower health insurance premiums.
5. Remove job-killing business regulations.
6. Reduce state debt.
2. Lower taxes and fees as a result of downsizing government.
3. Lower energy costs.
4. Lower health insurance premiums.
5. Remove job-killing business regulations.
6. Reduce state debt.
