Gregoire, Master of Budgetary Arts
With constantly declining revenues projections and increasing budget outlays, the Washington state Treasury is now preparing to function with negative revenues till 2011. Latest projections have estimated a further drop of $482 million and economists predict the state to actually have negative revenue beginning 2010.
Washington State Governor Chris Gregoire announced earlier today that she was “tired” of dealing with constantly dwindling income for the state.
“It is considered an ideal for government to imitate the private sector. If Blackstone, the pinnacle of private enterprise, can have negative revenue, why can’t we? I am absolutely tired of dealing with this bullshit of revenue generation.
“Being liberal Democrats, we can’t stop spending, nor can we stop increasing our budget. That would be completely unacceptable. Fuck the rest.
“I wish I could raise taxes, but Rossi, that fascist bastard, made me pledge in front of the whole world that I would not raise taxes. So there.”
Washington state had a gross state product of $322 billion in 2008, making it the 14th largest in the nation. The state, however, has suffered a massive deterioration in its financial situation, with recently projected deficits of almost $15 billion.
