By: Diane Benjamin
One of Tari’s favorite lines: We have a “Structural Deficit”. He uses it to say all expenses are fixed and there is nothing we can do about it but raise taxes.
Maybe you need a new economist, or at least a new line. According to this site: http://www.wisegeek.com/what-is-structural-deficit.htm
Structural deficit is a government deficit that is independent of the business cycle—it remains even when an economy is at its full potential. This is created when a government is spending more than a long-term average of tax revenue can bring in.
Economists generally maintain that structural deficit is much more serious than cyclical deficit, as it implies unsustainable spending.
Listen for it when the Budget Tax Force makes their presentation. Absolutely nothing can be cut because it’s a “structural deficit”.
Translation: We want to keep all our toys and keep hiding where the spending really is, so taxes just have to go up. Oh darn.
BTW, anybody find out how that $1.2 million of accelerated payments got to IMRF? Council – how does it feel to be absolutely meaningless and immaterial? Tari usurps your budget power with his hand-picked unaccountable cronies and Hales pays bills you know nothing about!
Congrats. The citizens (at least some) thought you represented them. An obvious error.