State budget for dummies | Arkansas Blog

Saturday, November 15, 2008

State budget for dummies

Posted By on Sat, Nov 15, 2008 at 6:19 AM

John Brummett simplifies the Beebe budget proposal. It still amounts to spending surplus on ongoing operations. That's not a problem if the economy turns around.

Sleepless last night, I read a difficult economic article that mentioned one simple fact that riveted me, proud possessor of a cratered IRA -- it took the market 25 years to recover from the crash of 1929. I'm not saying it's apples to apples, but banking on the inevitability of recovery in a specific period of time is wishful thinking at this moment.

I think the people would understand if Beebe bypassed a year of progress on eliminating the grocery tax by foregoing a penny reduction. But he wants that on his resume in 2010.

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