South Dakota has the fastest growth in personal incomes in the nation, with the average South Dakotans’ personal income rising by 21% in the past 3 years. This is proof that South Dakota’s economy is the strongest in the nation -- but we are facing a major challenge due to rising inflation.
The cause of this inflation is clear: big government policies coming out of Washington, D.C. The Biden Administration and the radical Democrats in Congress think that they can solve all of our problems by spending more taxpayer money and then raising our taxes to pay for it. They’ve crushed American energy by placing oppressive restrictions on the oil and gas industry. They have ground economic growth to a halt nationwide and driven inflation to the highest levels in more than 40 years.
South Dakota is the contrast. Our people are still doing well because of Governor Noem’s “Open for Business” policies. Rising incomes in South Dakota are holding off some of the effects of inflation, but budgets are getting tighter because of the liberal policies coming out of Washington.
South Dakota’s economy was jump-started by Governor Noem’s approach to the COVID pandemic:
- She was the only governor in the country who never ordered a single business or church to close.
- She never even defined what an “essential business” was, because she knew that she did not have the authority to tell someone that their livelihood isn’t essential.
- She never instituted mask mandates or lockdowns that slowed down other states’ economies.
Because of this, we are in better shape than most states. But we are a small state and can’t hold off the effects of Biden’s inflation forever. Rising incomes in South Dakota are holding off some of the effects, but budgets are still getting tighter because of liberal policies coming out of Washington.
South Dakota is a rural state, and rural states tend to be hit harder by rising inflation. We use more energy than most places because it costs a lot to heat our homes in the winter, and it’s a long way to drive anywhere in South Dakota.
Governor Noem will continue working to stop the liberal policies coming out of Washington. She is maintaining fiscal responsibility in South Dakota and challenging Washington to follow our example.