This week, I had three different people wish me a happy new year. Really!?! It's the second week of January. Maybe I am just getting crotchety, but I feel like we've reached the statute of limitations on the whole happy new year thing for 2011.
Speaking of Illinois politics, the state income tax was raised from 3% to 5% last week to help with our ridiculously embarrassing budget deficit. There are, of course, opinions on both sides of this issue. I am in favor of the tax increase for a number of reasons. Whether I like them or not, I have to admit that I benefit from taxes more than most given my profession. More importantly, budgeting is not rocket science. You have revenues and you have expenditures. To reduce a deficit you have two options: 1) increase revenues or 2) reduce expenditures. It seems silly to even type that, but I am continuously amazed at how many people fail to understand this simple concept.