Jim Schultz: Democrats Spent Like Kim Kardashian—Now Minnesotans Face a Looming Deficit Crisis

MINNETONKA, Minn. – Jim Schultz, President of the Minnesota Private Business Council (MPBC), is sounding the alarm over Minnesota’s latest budget forecast, which reveals a staggering $6 billion deficit just a few short years after Democrats burned through a record $19 billion surplus. This looming shortfall is the direct consequence of reckless government expansion, unchecked spending, and the tax-and-spend policies of Tim Walz and the Democrat-controlled legislature.

“The rapid expansion of government spending over the last two years has led us to this crisis point,” said Schultz. “Minnesota Democrats spent like Kim Kardashian and now our state is staring down a $6 billion deficit. This is a financial disaster that all sensible people predicted and that threatens our state’s economic future.”

Schultz pointed to Walz and the DFL’s tax hikes, massive new welfare programs, and giveaways to special interests as key contributors to the state’s deteriorating financial outlook.

“Democrats spent every dime of the surplus, raised taxes by $9 billion, and expanded government handouts—including free college for illegal aliens—all while leaving Minnesota taxpayers on the hook,” Schultz continued. “Now, just a year later, we’re back in the red, proving once again that their tax-and-spend agenda is reckless and unsustainable and disastrous for working families.The fiscal mismanagement must end.”

About the Minnesota Private Business Council:

The Minnesota Private Business Council advocates for commonsense policies supporting Minnesota industry and innovation and benefiting Minnesota’s workers, families, and communities. Comprised of privately held businesses from a broad array of Minnesota industries, the Minnesota Private Business Council advocates for policies leading to job growth, new business creation and entrepreneurship, and broad-based well-being for Minnesota’s workers and their families. For more information, please visit www.GrowthMN.com.