... is going to bounce.
Michigan and its citizens are in an economic downturn. We cannot make it with a "business as usual" approach.
You need to immediately do these things:
1. Drastically cut state spending at all levels and all programs.
2. Stop borrowing money.
3. Decrease taxes.
These are always good ideas. In the past, when Michigan was booming, we could get away with wasteful spending and higher taxes and not be too harmed by it. Now we are in a downturn and we absolutely cannot bear the economic drag any longer.
Cut spending, stop borrowing, and cut taxes. It's the only way out. The sooner we start, the sooner we can get out of the economic doldrums.