Saturday, August 19, 2006

State Budget Surpluses

Something must be wrong with this Washington Post article. Unless I'm reading it wrong, they're saying that all but five states are reporting budget surpluses, those five states being Illinois, Kansas, Louisiana, Michigan and Wisconsin.

What about California? Don't we need some billions of dollars to catch up the money we're spending in our latest budget?

I suspect this is more of the same creative accounting we see, not only in government, but some private businesses. That and perhaps a wide ranging description of what words such as surplus and deficit mean.


At 7:12 PM, Blogger FaulknA said...

Creative accounting like our Federal Government uses?


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