Fifteen GOP state senators formed a coalition this week refusing to approve the $145-billion bipartisan budget approved by the Assembly on Friday. The senators say the budget needs more cuts that would reduce spending by about $700 million. If it came down to it, would you be willing to shut down the government to force more spending cuts?
The "bipartisan" budget that was approved by the Assembly last week was based on several questionable assumptions, which would almost certainly produce a $2 billion shortfall, on top of the already established $5 billion deficit that we must dig our way out of next year.
Although the architects of the budget maintain that it is "only" out of balance by $699 million, this claim relies on several accounting gimmicks. Therefore, my Senate Republican colleagues and I were tasked to provide a balanced budget, and I am proud to say that we have met and exceeded these expectations. The budget we proposed protects public safety programs and fully funds education. It limits the growth in spending and establishes a surplus of $143 million as opposed to a $699 million deficit in the Democrat-proposed budget.