One of the interesting revelations…is what a vicious spiral we would find ourselves in, were Question 1 to pass. Why? Because so much of the federal aid we receive is contingent on the level of state aid…As we slash programs to try to shrink our budget, we will also watch federal dollars being sucked out of state and back to Washington D.C., leaving Massachusetts poorer and more desperate than ever.
Question 1 is a gimmick — it’s a ham fisted and poorly thought out effort to “make a point” to those hated bureaucrats on Beacon Hill, consequences be damned. As MTF notes, the state could fire all 68,000 people in its employ and still save only $5b, leaving $7b left to cut. While Belmont might pay more out in taxes than we get back, we’re not an island. Major corporations don’t look for cute little towns to invest in — they’re looking for states that are encouraging innovation, producing educated workers and building an infrastructure to support and encourage commerce. Question 1 would make those kinds of investments impossible.