Charlie Crist Loves the Growth Monster
I wrote a post in 2006 about Charlie Crist's lack of understanding about economics. Crist believed growth would provide enough tax revenue.
Is Crist promising more than Florida's budget can deliver?
"I don't think so," Crist said. "As we all know, Florida continues to grow. As a result, our budget continues to grow. ... We can do it by living within our means, because our means continue to grow without raising taxes in our state."
Tax revenue on growth was always a bad idea. Florida received $31.4-billion less-than-projected tax revenue. "We are in trouble," CFO Alex Sink told the St. Petersburg Times. She should know. Sink was forced to borrow $300 million from the state trust fund. Republicans have afforded Sink's advise of calling a special session.
"I'm not hitting the panic button," said incoming House Speaker Ray Sansom. "There's not a panic button to hit."
Crist's sunny optimism is starting to sound Bush delusional.
''Florida will probably come out of it first. I mean, the sun always comes up in Florida first."
I could go on about how scientifically asinine that statement is. I would be happy if Crist can grasp basic economic principles.