Tuesday, January 10, 2006

State Surpluses This Year...

The Deseret News (Utah) has an article on state budget surpluses; this constitutes a pretty severe indictment of the recent $250 billion transportation bill.
Around the country, revenue surpluses are the norm, with many states seeing a boost in revenues thanks to increased jobs, a recovering stock market and booming real estate sales, according to a report released by the National Conference of State Legislatures. All told, 42 states have reported revenue collections that are above expectations, and budget officials in more than half of the states are optimistic that the upward revenue tick will continue for the foreseeable future.
I think it would be helpful for people to change the language we use when we address our representatives about these things. When a Congressperson says "I brought home $____ to our district this year," we should ask them to rephrase that and tell us how much federal debt they brought home to their constituents. "How much more debt do I owe as a result of the earmarks you put in the budget?..."


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