Trainwreck Tim Walz Took Minnesota From A $19 Billion Surplus To A $6 Billion Deficit

Americans have seen a lot of Tim Walz lately as the failed vice-presidential candidate has held town halls nationally criticizing national Republicans. In a telling interview, he admitted to the New York Magazine this week, “90% of the time, I can be really good, but about 10% of the time, I can be a train wreck.”

And in an interview with Jake Tapper that was itself something of a train wreck, he rejected the conclusion that every American with a pulse now acknowledges: that Walz and other Democrats should have forced Joe Biden off the presidential ticket in light of his obvious cognitive decline.

Walz is indeed often a train wreck, and as Walz tramps around the country seeking to place himself as the foil to congressional Republicans and Donald Trump, to really understand what a disaster he is, we only need to look at the ongoing mess he has left behind in Minnesota.

A Fiscal Disaster of Walz’s Own Making

It is not hyperbole to say that Minnesota’s finances are in free fall. After boasting a record-setting $19 billion surplus in 2022 — larger than the full budgets of 20 U.S. states — the Minnesotans learned earlier this month that it faces a staggering $6 billion budget deficit. How did this happen? In 2023, Walz and his Democrat allies in the legislature embarked on the most reckless spending spree in Minnesota history, funneling billions into pet projects and giveaways for every left-wing constituency imaginable. The surplus wasn’t used to shore up Minnesota’s long-term financial stability or to return money to taxpayers. Instead, it was squandered in the most reckless fiscal step taken in Minnesota’s modern history.

Walz’s relationship with the truth has always been a distant one, and this case was no exception. Walz tried to falsely pin the financial crisis on the new Trump administration, despite state officials confirming that federal policy did not affect their budget projections. 

Among the drivers of the state’s coming deficit is a stagnant Minnesota economy. Although once among the strongest in the country, the state now routinely ranks in the bottom 10 states for GDP growth. Job creation has stagnated, and businesses are increasingly looking elsewhere to expand or move. Meanwhile, Walz has increased tax burdens on individuals and businesses and made Minnesota one of the least competitive states for economic growth.

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Author: HP McLovincraft

Seeker of rabbit holes. Pessimist. Libertine. Contrarian. Your huckleberry. Possibly true tales of sanity-blasting horror also known as abject reality. Prepare yourself. Veteran of a thousand psychic wars. I have seen the fnords. Deplatformed on Tumblr and Twitter.

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