TBO.com - TBO is Tampa Bay Online

Suncoast Pasco News

Better Target

ADVERTISEMENT

THE SUNCOAST NEWS

Published: January 17, 2009

The Legislature this week cut spending by roughly $2.8 billion to bring the state budget in balance. Then Gov. Charlie Crist threatened to veto the portion of the spending-cut plan that would take money from public education. We have a much better target for him if the governor is looking to wield his veto pen.

The Legislature also this week approved and sent to the governor's desk legislation that would provide up to $8.5 million in loans to small businesses. According to the measure's sponsor, state Sen. Mike Fasano, R-New Port Richey, the money - up to $250,000 per firm - would help existing businesses remain in operation. Given the widespread public disdain Washington's financial industry rescue plan provoked, Fasano stressed the business loan program state lawmakers approved is not a bailout.

Crist, unfortunately, released a statement suggesting he would sign the business loan legislation. If, however, he and lawmakers really want to help businesses and the customers on which they depend, they need to keep their focus on taxes and spending. That is the best way to get the Florida economy on the mend and banks more willing to make business loans sooner rather than later.

In addition, there would be no reason to second-guess which businesses got loans and why they got them. Those are always relevant questions to ask when government starts doling out the people's money.

Share this:

Loading Comments...

Email Print

ADVERTISEMENT