Friday, January 24, 2003
Using the reserve funds: More groups are calling on Mitt to dip into the state’s reserves to avoid spending cuts. Mitt is wisely resisting. His position (as paraphrased by the Globe) is: “He has noted that using reserves to close the deficit this year would make the problem worse next fiscal year, since the gap between spending and revenues would remain unaddressed.” ... Yes, using reserves now is only forestalling the inevitable -- and it will arguably make things worse. ... Wasn't it only yesterday that we were talking about a mix of cuts and taxes?
