Careful, now, on the surplus | Arkansas Blog

Sunday, July 9, 2006

Careful, now, on the surplus

Posted By on Sun, Jul 9, 2006 at 6:16 AM

Brummett explains why the state surplus isn't necessarily so shocking and why the legislature should move carefully in response. (He doesn't mention, but could, that while $400 million is certainly a large figure it is not so large when viewed in the context of a $5 billion budget.) If income slows and needs rise, then the taxing and spending won't be so far apart.

That's why tax policy should be based on fairness and the long-term sufficiency of revenue-generating devices, not on a lucky couple of years.

Compare it to your household budget. If you received a bonus this year, would you be comfortable taking a wage reduction next year?

That's different, you say. Not so much. Households need to save for retirement. Governments might do well to save for rainy days, particularly since human needs tend to rise as economic growth and government income wane.

 


Sign up for the Daily Update email
Favorite

Comments (16)

Showing 1-16 of 16

Add a comment

 
Subscribe to this thread:
Showing 1-16 of 16

Add a comment

More by Max Brantley

Readers also liked…

  • A response to police arrests becomes a tutorial on race, class and policing in Little Rock

    John Walker, the 79-year-old civil rights lawyer, and his associate, Omavi Shukur, 29, a young lawyer devoted to criminal justice reform, talked to press this afternoon about their arrests Monday by Little Rock police for supposedly obstructing governmental operations in observing and attempting to film a routine police traffic stop. It was a tutorial on sharp views of race, class and governance in Little Rock.
    • Sep 29, 2016
  • City Board votes to table homeless feeding ordinance for 8 weeks, study with commission

    The Little Rock Board of Directors voted tonight to table for eight weeks an ordinance that homeless advocates say would severely limit the ability of charities to feed homeless people in city parks. Before the ordinance was punted, Vice Mayor Kathy Webb proposed a nine-member commission to study the issue and make recommendations to the board.
    • May 16, 2017
  • Donald Trump declares war on Hillary Clinton's marriage

    Donald Trump gave a remarkable interview to the New York Times yesterday in which he declared open season on the marriage of Bill and Hillary Clinton and Bill Clinton's past infidelity. Seems like a loser, but I've been wrong before.
    • Oct 1, 2016

Most Viewed

Most Recent Comments

 

© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation