We don’t really have a budget problem – we have a jobs problem. When the economy was good, the budget was fine. So the question is this: How can we balance the budget while creating jobs? Budget cuts don’t create jobs, or fix your economy. If budget cuts created jobs, our state economy would be booming, since we cut $10 billion in spending. Nobel-prize winning economist Paul Krugman rightly pointed out that states are wrong to cut jobs when the economy is weak. It only hurts you in the long run. Cuts are job killers, because state troopers, prison guards and teachers go to the unemployment line.
