New Year, New Surplus, Same Old Story

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Last year the state of Washington had a multi-billion-dollar surplus. They spent it all, projecting the next budget would be in the red. This year, another surplus, and again, they are planning to spend it all.

Note that they say they don't want to spend it all. The surplus is $1.9 billion, and $606 million of it is "unspent" with $262 million going to a "rainy-day fund." The problem is that of the money that is spent, almost all of it is going into new budget line items, or increases to existing line items, so we are already (again) at a deficit for the next budget, and that "unspent" $606 million is, in fact, already spent on that next budget (unless they plan on cutting those new expenditures in the next budget ... ha!).

But that's OK. In two years, when taxes are going up despite multi-billion-dollar surpluses, and with the Democrats in control of both branches (governor and both houses of the legislature), it will be a lot easier for Dino Rossi to be (re-?)elected governor.

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<pudge/*> (pronounced "PudgeGlob") is thousands of posts over many years by Pudge.

"It is the common fate of the indolent to see their rights become a prey to the active. The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime and the punishment of his guilt."

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This page contains a single entry by pudge published on December 20, 2006 12:24 AM.

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