Bloomberg Misdiagnoses Michigan's Malaise

Michigan is going bankrupt. Although Bloomberg News is not so dishonest as to attribute the entire disaster on tax cuts, they do make the misleading claim that tax cuts had a big role to play in the fiscal crisis: "The revenue gap also is a legacy of two decades of tax cuts." Truth is that Michigan has done everything possible to make itself unfriendly to business and thus businesses have left, taking their job opportunities with them. Shortly after that, the actual people who filled those jobs took off too. In thrall to labor unions, the political class has ramped up government spending at an irresponsible pace. Just like our nation as a whole, Michigan could balance its budget with no problems if it would be only the slightest bit sensible on spending. Michigan's malaise cannot be pinned on tax cuts. Other states that have been cutting taxes are booming. Michigan's woes are directly attributable to union-inspired statist, anti-capitalist, anti-globalization government policy.