The State of Minnesota closed-down after state lawmakers failed to resolve a budget impasse. Democrats want to cut the state’s $3.6 billion deficit by raising taxes, while Republicans want to cut spending. The budget deadline passed and the new fiscal year began with no resolution, throwing 20,000 state employees out of work and closing almost all state facilities.
Only Minnesota transport workers were on the job, placing large “Closed – turn around and go back where you came from” signs on all roads crossing the state border.
Republicans are criticizing “Obamanomics” – President Obama’s plan to cut the deficit by a trillion dollars over the next ten years.
Instead the GOP is touting its plan to cut the deficit by $100 billion dollars a year, which over the next ten years amounts to…umm…about a trillion dollars.