Maryland: "Five-year state budget projection foresees ‘enormous gap’ not seen in two decades"

[Anonymous]

https://marylandmatters.org/2024/11/12/five-year-state-budget-projection-foresees-enormous-gap-not-seen-in-two-decades/

I'll admit that I'm not familiar with Maryland Matters, nor how accurate this information is, but IMO it's worth discussing given that this is a local politics forum.

[Anonymous]

Tax increase

Dems will never cut spending. In fact, they'll probably even spend more. Expect MD to turn into a state like NJ and IL where they obliterate their residents with taxes.

[Anonymous]

MD needs to get out of its own damn way. Cut regulations. Cut corporate taxes. Make MD the best state on the entire east coast to start a business or move one to. You cannot tax your way out of this problem. Dems need to grow the damn economy instead of making a state where everyone relies on the govt for jobs.

[Anonymous]

I don’t think this is as dire as the report headline makes it sound. A lot has to do with the “blueprint” education funding ending, which probably has to do with Covid budgets freeing up some state money, and included some appropriate surges that can wind down. It’s also hard to predict growth or things like Medicare that far out. Clearly Maryland faces tough decisions, like everywhere else, but the sky is not falling.

[Anonymous]

Cut regulations! Except for the regulations that make it harder to build housing. Let's add more of those to keep out the poors.

[Anonymous]

Anonymous wrote:MD needs to get out of its own damn way. Cut regulations. Cut corporate taxes. Make MD the best state on the entire east coast to start a business or move one to. You cannot tax your way out of this problem. Dems need to grow the damn economy instead of making a state where everyone relies on the govt for jobs.

It’s so sad they don’t just ask you, the man with all the easy answers.

[Anonymous]

Maryland Matters is respected site

-close follower of Maryland politics since at least Glendening

After this past Presidential election I think the Dem party is over as a force for a while. It will be like Mao or Castro - hiding in the woods

The woods are now states like Maryland, California and Vermont.

[Anonymous]

Anonymous wrote:I don’t think this is as dire as the report headline makes it sound. A lot has to do with the “blueprint” education funding ending, which probably has to do with Covid budgets freeing up some state money, and included some appropriate surges that can wind down. It’s also hard to predict growth or things like Medicare that far out. Clearly Maryland faces tough decisions, like everywhere else, but the sky is not falling.

Did you even read the article? MD is projected to be able to only meet 84% of its financial obligations. By 2030. To put that in perspective, MD was able to meet 87% of its financial obligations during the huge 2008 economic recession. MD is on track to be in worse financial shape than the 2008 financial crisis. It IS bad.

[Anonymous]

Anonymous wrote:

Anonymous wrote:MD needs to get out of its own damn way. Cut regulations. Cut corporate taxes. Make MD the best state on the entire east coast to start a business or move one to. You cannot tax your way out of this problem. Dems need to grow the damn economy instead of making a state where everyone relies on the govt for jobs.

It’s so sad they don’t just ask you, the man with all the easy answers.

Spoken like an idiot dem. Clearly, more regulations, taxes, and govt pensions will grow the economy.

[Anonymous]

Anonymous wrote:MD needs to get out of its own damn way. Cut regulations. Cut corporate taxes. Make MD the best state on the entire east coast to start a business or move one to. You cannot tax your way out of this problem. Dems need to grow the damn economy instead of making a state where everyone relies on the govt for jobs.

Serious question: what state regulations do you want to cut? We make it relatively hard to do new construction, but that usually isn't necessary for jobs/businesses. I could get behind making that easier and faster, but I don't think it would have a huge impact economically.

[Anonymous]

Maryland has so many advantages and they keep electing idiots

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don’t think this is as dire as the report headline makes it sound. A lot has to do with the “blueprint” education funding ending, which probably has to do with Covid budgets freeing up some state money, and included some appropriate surges that can wind down. It’s also hard to predict growth or things like Medicare that far out. Clearly Maryland faces tough decisions, like everywhere else, but the sky is not falling.

Did you even read the article? MD is projected to be able to only meet 84% of its financial obligations. By 2030. To put that in perspective, MD was able to meet 87% of its financial obligations during the huge 2008 economic recession. MD is on track to be in worse financial shape than the 2008 financial crisis. It IS bad.

I did read it! No one is suggesting they’re going to just go with that. They’re going to have to make changes. Those projections will also be wrong, in one direction or the other, because of bigger economic forces. And there are good explanations (like the blueprint) for why there’s a bit of a cliff ahead. It’s not a disaster.

[Anonymous]

Anonymous wrote:Cut regulations! Except for the regulations that make it harder to build housing. Let's add more of those to keep out the poors.

LOUD NOISES!

[Anonymous]

That hissing sound you hear is the sound of the air coming out of Wes Moore’s presidential ambitions. Right now he is trailing Ehrlich as the worst Maryland governor since Agnew. He literally spent all of the money on extravagances the moment he was elected and now we are broke.

[Anonymous]

Anonymous wrote:That hissing sound you hear is the sound of the air coming out of Wes Moore’s presidential ambitions. Right now he is trailing Ehrlich as the worst Maryland governor since Agnew. He literally spent all of the money on extravagances the moment he was elected and now we are broke.

Yep. Blew the entire surplus Hogan left us in a year. A YEAR.