Yesterday, on Sussex County radio station WGMD State House Majority Leader Pete Schwarzkopf made the following statement:
If you make $7 million a year, don’t claim you’re broke. If you make $7 million a year and spend $7 million a year, that’s just bad spending.
He made this comment in response to Harrington Fairgrounds position that expanding gambling will hurt the fair grounds because it will lower its revenues. I find Leader Schwarzkopf’s comments insightful since he was a lead force to raise taxes last year because the State was out of money. So, Leader Schwarzkopf I say the following:
If you make over $8 billion a year, don’t claim you’re broke. If you make over $8 billion a year and spend over $8 billion a year, that’s just bad spending!
(Note: including Federal pass-through dollars, the State of Delaware spends over $8 billion per year — this equals nearly $10,000 per Delawarean — what could you do with your $10,000? Leader Schwarzkopf spends it on your behalf.).