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Friday, December 02, 2005

Structural balance

I did take a look at the actual November forecast today, and the party opposite is right: the out years do show a surplus, but only barely if you factor in inflation and a constitutional amendment dedicating the Motor Vehicle Sales Tax to transportation (I think that's what it was). I'm not going to get into the idiocy of ignoring inflation on the expenditure side while keeping in on the revenue side right at the moment.


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