Yogi Berra certainly was the master of the obvious. Yogi also once said, “It’s tough to make predictions, especially about the future.”
But you know what, Yogi wasn’t from Pennsylvania…
In 1990, the late Governor Robert P. Casey was facing Auditor General Barbara Hafer in the general election. That year, the General Assembly and Governor Casey adopted an election year budget with no tax increases and with increased spending on “populist” programs.
Hafer warned of election year politics and that financial disaster was on the horizon for Pennsylvania. But nobody took her seriously. Governor Casey won in a landslide and members of the General Assembly managed to maintain the status quo.
A year later, Pennsylvanian's faced the largest tax hike in history.
Within a year, Pennsylvanian’s became victims of the largest tax increase in history.
Fast forward 16 years….
Despite months of warnings that Pennsylvania has financial troubles that are rooted in Pennsylvania’s Medical Assistance programs, Governor Rendell introduces what he calls, “A terrific budget.” Others caution that financially for the Commonwealth things aren’t as rosy as they are being portrayed. But who do you think will prevail in the budget debate in an election year?
My money (while I still have it) is on elected officials who will employ Yogi Berra’s philosophy of not wanting to make “too many wrong mistakes,” and the budget will fail to address costly programs and encourage economic growth. And since I’ll need it for next year, I’ll take double or nothing that we’re all going to pay for the short-sightedness one way or another a year from now.
I promise you, Yogi was right about at least one thing, “This is like déjà vu all over again.”
So just remember to hold on to your wallets next year!