Don’t Spend That $55 Just Yet
One of my callers said it best this week when we were discussing the state budget “surplus” he said ” it’s like buying a house for $300,000 , borrowing $1,000,000 for it and then wondering what to do with the $700,000 surplus” that’s where we are with this “surplus” half way thru the fiscal year for the state.
The Malloy Supremacy has borrowed hundreds of millions of dollars for this budget, well over $700 million, and we will be paying the interest for this the rest of our lives,; yet the politicians, Republicans and Democrats are wondering what to do with the surplus projected this month which is only on paper…..
Just wait till April when the real budget predictions are made. The forecast for the next two year budget is a $1.8 billion dollar deficit, so I wouldn’t spend that $55 just yet.