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A governor's resignation: $40,000
The feeling afterward: priceless
Former Alaska governor Sarah Palin's mid-term resignation is estimated to have cost the state's citizens at least $40,000. Among other expenses, it cost the state approximately $14,100 to swear in the current governor, Sean Parnell, on July 26, 2009, according to results secured by The Associated Press. The state spent another $3,328 to move Palin and her family out of the governor's mansion.
The study, conducted for IAR by RCF Economic & Financial Consulting, Inc. of Chicago, estimates that Blagojevich's proposed GRT will cost Illinois home builders and buyers an additional $500 million per year. The study identifies a five tier process of oppression which would compound the cost of a home purchase starting with the materials wholesaler, and further burdening the subcontractor, general contractor, developer and lastly, deeply gouging the consumer. You may access the study findings here.
I can understand that the good Governor wants to plump the state coffers. We all know that's what Governors do. However, this attempted move by Blagojevich smacks of kicking a man when he's down. I guess that's par for the course in Illinois government. I'll file this story with my other "Gary's Governmental Economic Theory" pieces. That file is called: Governments don't run economies, they strangle them. ...and so it goes.
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