$787 million in rainy day funds among a $21.4 billion budget is a pretty thin umbrella for the hailstorm we're facing now. As Democrats increased state spending by billions of dollars over the last decade they probably should have expanded the Rainy Day Fund at the same time. Democrats in this state can spend money with the best of them, but they don't save it very well.
Thursday, March 12, 2009
For a Rainy Day
In response to a post over at Dome detailing Governor Perdue seizing the $787 million from the "Rainy Day Fund" she had a hand in creating back in the 90s while a state legislator, I could not help making a comment about how we got here. (Can you quote yourself on your own blog or is that just an overload of self-promotion?) How is that we have to seize these funds set aside for budget emergencies?
