The present party of power in Olympia tout how they just balanced the budget. But what they don’t tell you is how they have mismanaged the state budget for the last ten years. By using budgeting gimmicks, for years they have hidden a mountain of debt in unfunded liabilities and put state workers’ pensions and health care at risk, as well as creating a huge fiscal overhang for all the taxpayers in Washington.
Unfunded debt accrued by Democrat-led Olympia (source Washington Policy Center)
· $27.3 Billion Total Unfunded Debt
· $3.2 Billion Unfunded PERS 1 Pension Plan
· $1.4 Billion Unfunded TRS 1 Pension Plan
· $0.6 Billion Unfunded PERS 2/3 Pension Plan
· $6.1 Billion Unfunded Non Pension Retirement (health care)
Bottom line: One
party Democrat rule in Olympia is leading us toward a fiscal cliff with
their smoke and mirrors budgets. We need a turn around. It is time for a new direction with a
Republican Governor, Republican State Senate and Republican House in
Olympia. Let’s double our efforts by helping our Republican candidates
win their elections.
Flag Day -14 June – Commemorates adoption of our flag by the 2nd Continental Congress in 1777, also US Army Birthday - 14 June 1775
8 weeks until the Aug 7, 2012 Primary Election
20 weeks until the Nov 6, 2012 General Election
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