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Massachusetts Liberal

Observations on politics, the media and life in Massachusetts and beyond from the left side of the road.

Thursday, October 22, 2009

There he goes again

Step right up and listen as the Amazing Timmie sees into the future. Marvel at his fiscal hindsight. Enjoy his second-guessing.

There are so many holes in Treasurer Tim Cahill's analysis of the Patrick administration's handling of the budget crisis that it's impossible to know where to start. I think the Globe does a decent job of fact checking: the administration hasn't sliced and diced jobs but it sure hasn't added them to the extent Cahill claims.

And Cahill probably doesn't know a state employee who got laid off because he likely doesn't associate with social workers and direct care employees.

More importantly, if Patrick and the Legislature should have seen the breadth and depth of the financial crisis and planned accordingly, why did the state pension system, which is under Cahill's control, tank too?

After all, it works directly with Wall Street, the same folks who brought you the fiscal debacle.

Mike Widmer of the Massachusetts Taxpayers Foundation sums it up nicely:
“If one knew 12 months ago the scale of this, it would have been best to make a series of cuts all at once,’’ Widmer said. “Revenues dropped more dramatically than anybody had forecast. It would have been difficult to foresee the extent of the problem. It has been the same in state after state. Massachusetts has acquitted itself better than other states.’’
People who live in glass houses shouldn't throw stones Timmie. You have a record that doesn't exactly reflect glory.

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