Saturday, August 02, 2008

Pursestrings

In Fiscal Year 2004, the total budget for the government of the state of Iowa was $4.5 billion. In Fiscal Year 2008, that budget had grown to $5.7 billion. That's an increase of more than 26% in four years. Even allowing for inflation of 2% or so a year, the state is clearly on a big spending spree. How long can we afford that?

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