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Thursday, June 26, 2008

Krusty Konservative: There is no Rainy Day Fund

Excerpted from this post at Krusty Konservative

From the Register: "Some say the decision is a no-win for lawmakers.
If they use the money, they might have to break promises or raise
taxes to pay for the estimated $500 million built into future budgets
as planned additional expenses." ... Here's a thought: Make it against
the law for the legislature and governor to dip into the Rainy Day
Fund, the Senior Living Trust Fund, and the State's Infrastructure
Fund. Being an elected official isn't just eating free ice cream
sundaes in the cafeteria, you're elected to make tough decisions. So
we either need to make it illegal to touch these funds in
non-emergency situations, or spend all $620 million so they can't play
these games next year. Iowa's balanced budget law is worthless if we
allow our elected officials to cook the books by dipping into these
funds.

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Mike Schramm
Andy Szal

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