States Starting To Run Surpluses Again
Posted by Phoenix Woman on April 3, 2013
Thanks in large part to the growing number of states realizing that revenues must be raised, many states are starting to show surpluses:
This spring, budget surpluses are blossoming across America. We’ve noted that the combination of employment growth and tax increases is boosting federal revenues significantly—13 percent in the first five months of the current fiscal year. Combined with a bit of fiscal discipline, the higher revenues are helping to reduce the (still massive) federal budget deficit.
Gee, whodathunk that raising revenues helps pay down debts? Certainly not the Pete Peterson “Fix the Debt” crowd, who would rather put us all on ice floes rather than forego that extra mansion.
Sorry, the comment form is closed at this time.