Friday, July 19, 2024
Hawai'i Free Press

Current Articles | Archives

Monday, January 26, 2015
State of the State Fails To Endorse Robust Economic Reform
By Grassroot Institute @ 8:46 PM :: 5272 Views :: Economy, Hawaii State Government

State of the State Address Reveals Good Intentions, But Fails To Endorse Robust Economic Reform

Questions Linger About Unfunded Liabilities, Economic Vitality

News Release from Grassroot Institute

HONOLULU, HAWAII--Jan. 26, 2015--Following Governor Ige's first State of the State address, the Grassroot Institute of Hawaii praised the Governor's desire to improve government efficiency, reduce the imbalance in spending, and foster entrepreneurship in the islands. However, the measures proposed stop short of what is needed for long-term reform and robust development of the Hawaii economy.

"Governor Ige has stated publicly that he intends to run a more balanced budget without raising taxes," stated Keli'i Akina, Ph.D., President of the Grassroot Institute of Hawaii. "We applaud his intention and the implicit recognition that the people and businesses of this state are already heavily taxed. Mr. Ige's desire to make government more efficient is a step in the right direction. However, in order to do so, there are hard choices ahead for our political leaders. One of the most important has to do with the state's multiple unfunded liabilities, an issue that needs far more attention in the state budget. Trimming fat and going paperless will only be cosmetic improvements if we do not take long-term and effective action to deal with the billions of dollars in debt that are creating a sinkhole for the state's economic future."

Dr. Akina continued: "While the Governor's speech promoted improving the efficiency of fiscal operations, little was offered that will produce a more robust Hawaii economy that attracts global investment and fosters business competition and growth.   Powerful, yet simple, measures, such as seeking limited exemption from the Jones Act to cheaply import LNG or purchase low-cost inter-island ferries, is one example of a solution not mentioned."



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together


Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii