Congratulations, Ohio — You Have Just Bankrupted Your State

By Richard Young/InvestorPlace.com

With Ohio’s vote last Tuesday, you have all just decided resoundingly to bankrupt your state and, in the process, kicked a really good governor in the face. You have allowed the public sector unions to run roughshod over you. Who in their right minds would want to start a small business or any other form of business in Ohio? Have you looked into who funded the charge against Senate Bill 5?

I am truly sorry to sound so sour. I grew up in Cleveland, watching Otto Graham, Lou Groza and Dante Lavelli play football for the Browns on freezing cold Lake Erie Sundays. Today, our family investment office in Naples, Fla., is dedicated to Paul Brown and the great Browns teams of the 1950s. Since we opened the Naples office nearly a decade ago, the sons of both Groza and Graham have visited. Before he passed away, Lavelli and I had a couple of wonderful phone discussions about the glory days of the Browns — I bet today’s Browns wish they had the old Jim Brown back. I was in attendance at the old Cleveland Stadium to watch Brown set records. So, yes indeed, there is no one alive with a more hopeful wish for the future of Ohio than yours truly.

http://www.investorplace.com/2011/11/ohio-bankrupt-senate-bill-5/

Tagged as: collective bargaining rights, Issue 2, Ohio, public-sector unions, Right to Work, SB 5, state budget deficits