Stating the obvious
Unprecedented tax increases, budget cuts, expanded gambling or a combination of the three will be needed to pay for a proposed three-year, $610 million school finance plan.Of course spending more money requires a cut in other spending or an increase in revenue. This is fairly obvious to anyone other than the President and his Republican Congress.
At least that is what opponents of the plan approved by the House last week said.
And it's true that a booming economy will add revenue all on its own. But counting on a great economy to solve everything makes a big assumption, and you need a plan for when the economy isn't doing surprisingly well. A better solution is to make gradual plans for increasing income, whether from gaming or just pushing taxes higher, and provide a mechanism for slowing the rise when income exceed predictions.