A History of Fiscal Mismanagement

In Their Own
Words …………….

… a deepening national recession dealt Iowa a serious financial blow that Culver said has left him with no choice but to make "significant cuts in government spending."
“Budget plan dismays some”
- Jennifer Jacobs and Jason Clayworth Des Moines Register 1/29/09

The new revenue estimates mean the cuts must go deeper. "This is the worst I've ever seen. This is the worst in my 27 years in the Legislature," Senate Majority Leader Michael Gronstal, D-Council Bluffs, said Friday during taping of Iowa Public Television's "Iowa Press."
“More cuts in state jobs, services seen”
- Jason Clayworth Des Moines Register 3/21/09

"If you look at how deep this recession was," Culver said, "I'm encouraged to see some of the trends showing improvement."
“Culver's advisers guardedly upbeat about economic turnaround”
- Jennifer Jacobs Des Moines Register 8/11/09

"In spite of the economic challenges brought on by the world-wide recession, and a projected shortfall for the fiscal year 2011 budget ….” Culver said in a statement.
“Culver dips $45 million from emergency reserves to balance budget”
- Jason Clayworth Des Moines Register 9/26/09

And Their Actions Led to ????????

Iowa legislators, intensely worried early this year about a looming recession and the economic toll of natural disasters, ended the 2009 session by approving the largest budget in the state's history - $6.3 billion.
“Federal stimulus plugs holes, but problems loom for future”
- Jason Clayworth Des Moines Register 4/27/09

That caps off a five-year spending uptick that, in total, increased by 25 percent from $5.02 billion in 2006.
“Federal stimulus plugs holes, but problems loom for future”
- Jason Clayworth Des Moines Register 4/27/09

The state's revenue would have to grow by almost 10 percent in the 2011 fiscal year for the state to avoid future gaps, the Legislative Services Agency estimated about a month ago.
“Federal stimulus plugs holes, but problems loom for future”
- Jason Clayworth Des Moines Register 4/27/09

That means the upcoming budget will be almost $6.3 billion, the largest in the state's history, according to the Legislative Services Agency.
“News Analysis: Session recaps often stretch facts”
- Jason Clayworth Des Moines Register 5/10/09


Iowa families cannot afford Governor Culver and Legislative Democrats Record of Fiscal Mismanagement!