Corporate Kicker

Fish Wrapper Editors Show Ignorance Of Basic Economics

Here's a question to consider. Let's say that your state budget is expected to increase by 20% in the next biennium dur to increased tax revenues. However, your state economy, which, although it has lagged behind the rest of the country, has been doing well, is now showing signs of slowing down. What do you do?

Do you

A) Budget to spend all of that money, propose even more taxes for more spending, and then try to take additional money that is supposed to be returned to corporations out of the economy and into a "rainy day fund"?

or

B) Budget wisely, don't spend all of the increase in revenue, and keep some of the surplus in a rainy day fund?

Teaser: 

Here's a question to consider. Let's say that your state budget is expected to increase by 20% in the next biennium dur to increased tax revenues. However, your state economy, which, although it has lagged behind the rest of the country, has been doing well, is now showing signs of slowing down. What do you do?

Do you

A) Budget to spend all of that money, propose even more taxes for more spending, and then try to take additional money that is supposed to be returned to corporations out of the economy and into a "rainy day fund"?

or

B) Budget wisely, don't spend all of the increase in revenue, and keep some of the surplus in a rainy day fund?

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