What Was That About Corporate Welfare in RI?
Back in the 1970’s / early 1980’s one often heard two statements regarding Rhode Island’s economy vs. the national economy: 1) “When the national economy catches cold, the Rhode Island economy catches the flu.” 2) “Rhode Island is usually one of the first states to go into recession; and one of the last to come out.” Multiple current studies rank Rhode Island among the bottom-five states for business climate. Nothing has changed on Smith Hill: the General Assembly still sees its mission in life as pandering to the unions and welfare industry … and busying itself with its own political corruption. In fact, it’s worse. The cumulative effect of the GA’s mismanagement of our economy has resulted in an even larger permanent underclass of welfare recipients and billions of dollars of unfunded pension liabilities accrued at the behest of the unions. Given a choice, no business (employer) in its right mind would locate in Rhode Island; and those that can move out (which haven’t already) will
