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Fiscal Policy Report Card on America's Governors

Fiscal Policy Report Card on America's Governors →

The Cato Institute recently released the 2012 version of their annual report card on the nation's governors. As a supporter of the Tea Party movement, it's gratifying to see that the Republican governors are actually improving and are growing more fiscally responsible.

Wisconsin's own Scott Walker earns a "C", for some very good reasons. I hope he can pull that up to an "A" over the next 2 years.

Are Republicans and Democrats Any Different?

Advocates of smaller government often lament that politicians of both major par- ties tax and spend too much. While that is certainly true, Cato report cards have found that Republican governors are a bit more fiscally conservative than Democratic governors, on average. In the 2008 report card, Republican and Democratic governors had average scores of 55 and 46, respectively. In the 2010 report card, they had average scores of 55 and 47, respectively.

This pattern is even more pronounced in the 2012 report card. This time around, Republican and Democratic governors had average scores of 57 and 43, respectively. And, as in prior report cards, the difference between the two parties is slightly more pronounced on taxes than on spending.

The fiscal differences between governors of the two parties have increased a bit. In this year’s results, there are fewer governors than in prior reports who are out of step with the typical policies of their parties. In both the 2008 and 2010 reports, for example, Democrat Joe Manchin earned an “A,” while Republican Jodi Rell earned an “F.” But in this year’s report, all four “A” governors are Republicans and all five “F” governors are Democrats.