The Iowa Republican: Republicans have Culver on the ropes, but can they deliver the knockout punch?
Excerpted from this post at The Iowa Republican
Despite the reality of the world around him, Governor Chet Culver
always seems to find a way to be optimistic when talking about the
condition of the state or his campaign. When the state ended the FY
2009 budget year with a $161 million deficit, Culver remained calm and
refused to call a special session to deal with the unbalanced budget.
Instead, Culver opted to transfer $45.3 million from the state's
economic emergency fund and withheld paying $30 million in corporate
tax refunds until the next fiscal year to balance last year's budget.
When the Revenue Estimating Conference met at the end of the fiscal
year in July, Governor Culver ignored the warning signs in hopes that
revenues would rebound in the second half of the year. They didn't,
and since Governor Culver once again failed to call back the
legislature to deal with the state's overspending, he was forced to
implement a reckless ten-percent across-the-board budget cut.