Day: September 9, 2008

www.thepresidentialcandidates.us

Sarah campaigned in Wasilla as a “fiscal conservative”. During her 6 years as Mayor, she increased general government expenditures by over 33%. During those same 6 years the amount of taxes collected by the City increased by 38%. This was during a period of low inflation (1996-2002). She reduced progressive property taxes and increased a regressive sales tax which taxed even food. The tax cuts that she promoted benefited large corporate property owners way more than they benefited residents.

The huge increases in tax revenues during her mayoral administration weren’t enough to fund everything on her wish list though, borrowed money was needed, too. She inherited a city with zero debt, but left it with indebtedness of over $22 million. What did Mayor Palin encourage the voters to borrow money for? Was it the infrastructure that she said she supported? The sewage treatment plant that the city lacked? or a new library? No. $1m for a park. $15m-plus for construction of a multi-use sports complex which she rushed through to build on a piece of property that the City didn’t even have clear title to, that was still in litigation 7 yrs later–to the delight of the lawyers involved! The sports complex itself is a nice addition to the community but a huge money pit, not the profit-generator she claimed it would be. She also supported bonds for $5.5m for road projects that could have been done in 5-7 yrs without any borrowing.

WSJ.com

But Gov. Palin’s claim comes with a serious caveat. She endorsed the multimillion dollar project during her gubernatorial race in 2006. And while she did take part in stopping the project after it became a national scandal, she did not return the federal money. She just allocated it elsewhere.

….

Senior adviser Mark Salter pointed to her role in killing the project while in office and allocating the money elsewhere. When pressed further that it was actually Congress that stopped the earmark, Mr. Salter said: “She stopped it, too. She did her part.” Mr. Salter added that he welcomed a fight over earmarks with the Obama campaign.

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At a rally today, Sen. McCain again asserted that Sen. Obama has requested nearly a billion in earmarks. In fact, the Illinois senator requested $311 million last year, according to the Associated Press, and none this year. In comparison, Gov. Palin has requested $750 million in her two years as governor — which the AP says is the largest per-capita request in the nation.