One of the smartest people you likely don’t know is Alan Maguire. Alan is an institution in Arizona, the guy that Governors, Senators, Congressman, Speakers (of the House), Presidents (of the Senate), state agencies, counties, cities, call when they need help. He is a first-class economist, brilliant strategist and a master of organizational dynamics.
And, he is a lonely man.
Right now, Maguire is one of the only people out there trying to get people to understand the severity of Arizona’s state budget crisis. I have written a piece on this topic that is posted on the Deep Thinking portion of this blog.
The bottom line is that the state is out of actual cash for operating expenses, our bond rating is at risk, we are $1.2 billion in the hole for the period between now and June 09, and then we are another $3 billion in the hole for 2010. Why? Because Janet Napolitano grew state government at a staggering 63% in just four years! And we think Congress is bad…
It’ s all Janet’s fault.