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State budget awaiting Scott’s sig to cause pain before any gain, economists say

by John Kennedy | May 22nd, 2011

The $69.7 billion state budget now before Gov. Rick Scott will send tremors through Florida’s struggling economy, with school districts, hospitals and other big employers soon cutting jobs and programs because of a sharp drop in taxpayer dollars, economists say.

Scott has generally praised the spending plan for shrinking government, cutting regulations and reducing taxes. He says it will spur private business expansion and fulfill his campaign pledge to create 700,000 jobs over seven years.

Many analysts aren’t so sure.

More certain, they say, is that state government’s pullback will lead to at least a short-term reduction in dollars coursing through Florida. It could add to the state’s 10.8 percent unemployment rate, they warn.

“A reduction in state spending? Well, first, that’s just going to reduce jobs,” said David Denslow, head of the University of Florida’s Bureau of Economic and Demographic Research.

“It’s going to be another headwind in the economic recovery,” said Denslow, an occasional adviser to the Republican-led legislature. “You’re cutting employment, reducing infrastructure spending and lowering the amount of money going to communities. That’s going to have a negative effect.”

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12 Responses to “State budget awaiting Scott’s sig to cause pain before any gain, economists say”

  1. fedfw Says:

    Rick Scott is a scumbag. He is cutting pensions of police, teachers and fire fighters. These groups and others alike work in Florida and then retire and spend their money here. Most will now be leaving and scumbags that suck off the goverment tit will move in. Rick Scott has prepared for hurricane season buy purchasing and storing a second roof for his 9.2 million dollar home. I am prepared also, just paid my insurance that doubled. He runs for governor while under investigatoin for fraud and I bet I could not apply for most decent jobs with a pending traffic ticket.

    Goodluck Florida.
    Born and raised 45 years and I am out.

  2. Rachel Says:

    Scott doesn’t get it. For example, his allowing insurance companies to raise their rates, which in turn he says, will bring in insurance companies from out of state and create jobs, is just a trade off. If other insurance companies come in with lower (beginning teaser rates), people will move their insurance over and then the insurance companies being dropped will lay off employees. So it will be a trade off of jobs, not an increase of jobs. And most of people will be paying more for insurance because the companies are now allowed to raise rates. he’s an arse. He’s rich, he has no money worries and he doesn’t give a crap about the residents of Florida. He is on an ego trip at everyone elses expense except for his tea party super rich friends who also have no money worries. He is going to ruin Florida.

  3. Bill Neubauer Says:

    I am appalled at the “economists’ and “analysts” whining because some jobs will be lost. Somebody should ask them: In a down economy WHERE IS THE MONEY TO COME FROM TO MAINTAIN ALL OF THE PREVIOUS JOBS?
    At least in some of the states governors are “biting the bullet” and recognizing that THE CUPBOARD IS BARE! Yes, it is unusual, but it is a fact.
    Face it!

  4. WAKE UP AMERICA Says:

    Wake up AMERICA!!! SAME OLD GAME> They try to scare us that cops and fire fighters will lose BLA BLA Look if they dont like there pay LEAVE THE JOB LIKE ANYONE ELSE DOES!!! and what u should be doing is DEMANDING THAT LEADERSHIP START AT THE TOP!!!! THE FIRST PAY CUTS NEED TO START AT THE TOPPPP!!!!!

  5. DILLIGAF Says:

    Neubauer,
    Have you always been a complete idiot or is old age catching up with you. Those “Analysts” know a hell of a lot more about economics than you do, maybe you should listen to them.
    The cuboard isn’t bare when you can give corporate tens of millions in tax cuts and then claim you have to trample the working class and essential services to make up the deficit.
    Why don’t we see anyones pet projects and other gov’t waste getting the Ax??

  6. Andres Gilbar Says:

    Austerity in the face of a depression. That sounds like a great idea if you have never picked up a history book or observed what happening in Europe. See: Greece.

  7. Tim Says:

    Cops and fire fighters union leaders are the pits. It’s squeeze the public for every penny, when the public has loaded these unions up with over the top perks.

    The unions have grown too used to their perks-take home cars used for personal errands, fire fighters being paid to grocery shop (using gas guzzling vehicles)while being PAID!.

    The unions are just too used to their perks.

    The public is sufffering, but these unions still want everything.

    The public can’t afford you anymore. Quit your job, and let those without jobs start working. They won’t expect the perks, just the wages.

    Unions-keep your salaries-give up your perks and benefits.

  8. Same old union tune Says:

    Business bring jobs-people become employed

    Unions bring hardships to the public.

    Unions=public money eaters

  9. strategic defaulter Says:

    It is time to leave. When I finally realized the severity of this housing crisis/economic crisis, I stopped paying the mortgage. I also stopped taking money from my retirement account (401K) to pay bills until “things improved”. I won’t live long enough to see Florida “recover”.

    Florida is doomed. Look at other “tourist” destinations”. Breathtaking beauty, magnificant hotels and great weather all surrounded by misery, blight and poverty. Welcome to the new Florida.

  10. Hungry at work Says:

    It’s a sad day when you criticize firefighters, who work 24 hours a day, for going to get food to eat. How dare firefighters pool their money together and go shopping to enjoy the union perks of 3 square meals. How dare firefighters eat together as a family, after all, it may be their last meal. Guess it would be better if they got a dedicated lunch and dinner break and left the station to go and eat, but then you would complain that they weren’t at your emergency as soon as it happened. You should be ashamed. Continue to defend the millionaires and criticize the workers. Remember they protect the tax base and your corporate interests.

  11. limpwrist Says:

    Rick Scott has a mob associate in his leadership coalition. Meet Joe Ardolina of American Truck Sales. He’s a former vice president in the now defunct H&W Refuse Service whose president was Anthony Carione, fingered by law enforcement along with his brother Frank Carione, as then active figures in the underworld. Another brother, Joseph Carione, plead guilty to defrauding the government as a co-defendant in a case that involved Colombo crime boss Andrew Russo. bit.ly/edERUe

  12. GenDo-over Says:

    Rhetoric from those like “Tim” and “Same old union tune” would be almost be amusing if they weren’t so optimistically delusional. The frightening thing about the tea party is that so many of the paycheck to paycheck working Joes have bought into to the lie that someday, if they just work hard enough, and even though they can’t keep the electricity on now, pretty soon their self-dealing “brethren” will reward their capitalist allegiance with something that looks like money. One wonders about their reaction when that lie is exposed. They might wish they had some health insurance. Go take another look at your Bibles. The message is compassion, not getting a bigger slice of pie.and blaming those who get none.
    Me too…I’m out of this state in 2 months.

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