That's the trouble. There aren't very many of them that are happy because they're so worried about somebody else making money that they don't think--if I were a happy socialist, I would want a strong economy so I had more money to swap around to my buddies, you see. But instead what we're doing is we raise the taxes so much, it kills the economy and we don't have as much money to work on. Now, the Federal Government doesn't notice it so much, but State governments that have balanced budgets--Missouri has a balanced budget amendment. We have to balance a budget. And if you're a legislator or Governor, particularly in a State that has a balanced budget--and most of them do--when you have a recession, it is a tough time to be the leader of your State because people hate you because you have to keep cutting things to keep the budget balanced. Of course, down here, we just let it go.
W. Todd Akin: “That's the trouble. There aren't very many of them that are happy because they're so worried about somebody else making…”
Editor's note · Context
The speaker discusses the impact of high taxes on the economy and state budget constraints during a recession.
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