Budget & Tax , Energy
Jonathan Small | June 23, 2017
A tale of two sectors
Here’s a tale of two sectors.
Sector One is in a slump, due to declining prices. Its income has fallen significantly – by nearly 60 percent – and there’s no sign of dramatic improvement any time soon. Sector One faces cash flow concerns and capital and financing concerns. So, Sector One faces reality and significantly cuts costs. That’s called good sense and responsibility.
Sector Two is facing the same downturn. But its managers and employees stubbornly resist every call to cut spending. Instead, they demand that their customers and funders pay more and enforce that demand by initiating laws that would actually hurt even more of those customers and funders.
Read the rest over on The Journal Record.
Jonathan Small, C.P.A., serves as President and joined the staff in December of 2010. Previously, Jonathan served as a budget analyst for the Oklahoma Office of State Finance, as a fiscal policy analyst and research analyst for the Oklahoma House of Representatives, and as director of government affairs for the Oklahoma Insurance Department. Small’s work includes co-authoring “Economics 101” with Dr. Arthur Laffer and Dr. Wayne Winegarden, and his policy expertise has been referenced by The Oklahoman, the Tulsa World, National Review, the L.A. Times, The Hill, the Wall Street Journal and the Huffington Post. His weekly column “Free Market Friday” is published by the Journal Record and syndicated in 27 markets. A recipient of the American Legislative Exchange Council’s prestigious Private Sector Member of the Year award, Small is nationally recognized for his work to promote free markets, limited government and innovative public policy reforms. Jonathan holds a B.A. in Accounting from the University of Central Oklahoma and is a Certified Public Accountant.