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Budget & Spending

Hope for the best, prepare for the worst

Emergency preparedness in Hawaii usually means being ready to handle lava, hurricanes, tsunamis and floods. But there are other hazards to watch out for as well. This week all worries concerned the coronavirus. The U.S. stock market tumbled, and around the world travel is being suspended and events postponed. For Hawaii,

Read More →

‘Coronavirus recession’ could put Hawaii in $3.8 billion hole by 2025

NEWS RELEASE from the Grassroot Institute of Hawaii Reckless state spending is exhausting our emergency reserves HONOLULU, Feb. 25, 2020 >> Gov. David Ige’s budget for fiscal 2021 could result in a $3.8 billion state deficit by fiscal 2025, if a prolonged recession caused by the coronavirus should hit, according to the Grassroot Institute

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Dan Mitchell outlines case for state spending cap

Economist Dan Mitchell gave two outstanding presentations via teleconference technology this past week, on Wednesday, Feb. 12, to an audience on Maui and the other on Friday, Feb. 14, on Oahu. Both events were sponsored by the Grassroot Institute of Hawaii. Communicating with us from Washington, D.C., Mitchell explained the

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How we can regain control of state spending

Here is a preview of what you can expect if you attend our presentations later month — Feb. 12 on Maui and Feb. 14 on Oahu — featuring Dan Mitchell, widely known as a straight-talking, highly knowledgable economist who will explain how Hawaii can implement a meaningful state spending cap

Read More →

Hawaii needs a state spending cap with teeth

This article was published originally on Feb. 2, 2020, by the Honolulu Star-Advertiser. ______________ Gov. David Ige put the Legislature on notice in his latest State of the State address: Do something to lower Hawaii’s high cost of living and stop the recent-years trend of Hawaii residents leaving our beloved

Read More →

How we can fix Hawaii’s lame cap on state spending

Please join us Wednesday, Feb. 12 on Maui and Friday, Feb. 14 on Oahu for two outstanding presentations by popular economist Dan Mitchell on how Hawaii can implement a meaningful spending cap to avoid fiscal ruin. Hawaii is staring at a major debt crisis, projected the moment to total $88

Read More →

Ige’s philosophy: Spend, spend, spend

Imagine you have a friend who keeps accumulating debt.  Not only that, but whenever you talk with him about finances, he’s full of big plans to spend even more — home improvements, new vehicles, more programs for his kids …. No wonder his liabilities are piling up! As a friend,

Read More →

State spending cap routinely ignored

When you’ve dug an $88 billion hole, you need to stop digging. That is the amount of unfunded liabilities that our state and county governments are projected to accrue in the next 30 years, as discussed in the January edition of Hawaii Business magazine, which interviewed me and other community

Read More →

Governor’s budget exceeds spending cap — again

This news release was sent out to the media in Hawaii and elsewhere on Jan. 9, 2020. ________________ The Grassroot Institute of Hawaii urges the Legislature to rein in spending and taxes HONOLULU, Jan. 9, 2020 >> Gov. David Ige this week released his updated budget for fiscal 2021 and

Read More →

Gov. Ige’s fiscal 2021 budget ‘unsustainable’

The Grassroot Institute of Hawaii warns against drawing down the state’s surplus HONOLULU, Dec. 18, 2019 >> Gov. David Ige’s proposed $15 billion budget for fiscal 2021 is headed toward a fiscal cliff because it would draw on the state’s financial reserves, leaving the state unprepared to deal with a

Read More →

Hope for the best, prepare for the worst

Emergency preparedness in Hawaii usually means being ready to handle lava, hurricanes, tsunamis and floods. But there are other hazards to watch out for as well. This week all worries concerned the coronavirus. The U.S. stock market tumbled, and around the world travel is being suspended and events postponed. For Hawaii,

Read More →

‘Coronavirus recession’ could put Hawaii in $3.8 billion hole by 2025

NEWS RELEASE from the Grassroot Institute of Hawaii Reckless state spending is exhausting our emergency reserves HONOLULU, Feb. 25, 2020 >> Gov. David Ige’s budget for fiscal 2021 could result in a $3.8 billion state deficit by fiscal 2025, if a prolonged recession caused by the coronavirus should hit, according to the Grassroot Institute

Read More →

Dan Mitchell outlines case for state spending cap

Economist Dan Mitchell gave two outstanding presentations via teleconference technology this past week, on Wednesday, Feb. 12, to an audience on Maui and the other on Friday, Feb. 14, on Oahu. Both events were sponsored by the Grassroot Institute of Hawaii. Communicating with us from Washington, D.C., Mitchell explained the

Read More →

How we can regain control of state spending

Here is a preview of what you can expect if you attend our presentations later month — Feb. 12 on Maui and Feb. 14 on Oahu — featuring Dan Mitchell, widely known as a straight-talking, highly knowledgable economist who will explain how Hawaii can implement a meaningful state spending cap

Read More →

Hawaii needs a state spending cap with teeth

This article was published originally on Feb. 2, 2020, by the Honolulu Star-Advertiser. ______________ Gov. David Ige put the Legislature on notice in his latest State of the State address: Do something to lower Hawaii’s high cost of living and stop the recent-years trend of Hawaii residents leaving our beloved

Read More →

How we can fix Hawaii’s lame cap on state spending

Please join us Wednesday, Feb. 12 on Maui and Friday, Feb. 14 on Oahu for two outstanding presentations by popular economist Dan Mitchell on how Hawaii can implement a meaningful spending cap to avoid fiscal ruin. Hawaii is staring at a major debt crisis, projected the moment to total $88

Read More →

Ige’s philosophy: Spend, spend, spend

Imagine you have a friend who keeps accumulating debt.  Not only that, but whenever you talk with him about finances, he’s full of big plans to spend even more — home improvements, new vehicles, more programs for his kids …. No wonder his liabilities are piling up! As a friend,

Read More →

State spending cap routinely ignored

When you’ve dug an $88 billion hole, you need to stop digging. That is the amount of unfunded liabilities that our state and county governments are projected to accrue in the next 30 years, as discussed in the January edition of Hawaii Business magazine, which interviewed me and other community

Read More →

Governor’s budget exceeds spending cap — again

This news release was sent out to the media in Hawaii and elsewhere on Jan. 9, 2020. ________________ The Grassroot Institute of Hawaii urges the Legislature to rein in spending and taxes HONOLULU, Jan. 9, 2020 >> Gov. David Ige this week released his updated budget for fiscal 2021 and

Read More →

Gov. Ige’s fiscal 2021 budget ‘unsustainable’

The Grassroot Institute of Hawaii warns against drawing down the state’s surplus HONOLULU, Dec. 18, 2019 >> Gov. David Ige’s proposed $15 billion budget for fiscal 2021 is headed toward a fiscal cliff because it would draw on the state’s financial reserves, leaving the state unprepared to deal with a

Read More →