Bargaining away the reserve

June 2, 2009
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In his five-minute address last night, Mitch Daniels referred to other statesâ?? fiscal woes no fewer than four times.

Daniels, who is so fiscally conservative that one wonders whether he darns his own socks, is rightfully proud that his state hasnâ??t fooled away a strong financial position. Few governors have had the backbone to impose such discipline on their legislatures.

Last night, though, Daniels said heâ??s willing to spend a quarter of the surplus as one of several compromises to get a budget passed, leaving about $1 billion remaining.

How do you feel about spending down some of the surplus? The economy is nowhere near recovered, and some forecasters talk of a possible double-dip recession or a recovery requiring not months but years.

Should Daniels bargain away even a quarter of the reserve at this point?
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  • I think this is good. He said we don't want to tap it unless we have to. We'll it's getting to that point where we need a little of it to help out, and get us through the budget cycle. It's good he is leaving a buffer in there - in case, like you said it gets worse. If it gets worse, than the worse they are planning for - then we have $1B surplus we could tap again if we need to. I didn't go out and empty my savings account when things got bad - did you? If you did - I'm glad I don't have to be a child or spouse living under your household finances.
  • It won't be long before we have a new governor. Then look out. I figure Mitch wants to spend some of the reserve on necessary stuff before his successor comes in and blows the whole pile on some special interest woowha. I can't imagine this economy getting much better before Mitch leaves.
  • Why is education always the sacred cow? Never allowing cuts except to IPS it seems, but all around, always an increase. When I look at the Taj Mahals that have been built at Ben Davis and Center Grove for example, I wonder why the school boards always think they have to build the latest and greatest. Seems like we needed common sense architects and common sense plans long ago to keep costs down.

    Adding to this is the terrible burdens put upon schools by the federal governments idiotic no child left behind and other foolishness that requires dancing with the devil and overburdening administrative goober-headed nonsense. It is time to take the federal gov'mint out of the education system before they take it from near to total collapse. The increases have to stop. How much more money do we throw at the disfunctional public education system?

    This is by no means a smack down on teachers. They have their hands and brains tied behind their backs by overburdening rules and chicken bleep administrations. If they were allowed to do their jobs efficiently and effectively and students were kept in line, perhaps progress could be made.

    Legislators - find a way to make it NEARLY impossible for money sucking lawyers to be able to sue schools for their latest, creative rights issues. We need to get the so-call Civil Liberties Union out of our lives before they make our nation another North Korea.

    Get these things done and then, maybe we can get somewhere.
  • Like what jopyce? the Lucas oil stadium? remember - MITCH buolt that and didn't pay for it.

    sucks to be us.
  • Did Lucas Oil come from the reserve fund?
  • Not initially he didn't build LOS with Reserve money - we'll see what comes up on the CIB Bailout within the outlined budget forthcoming in a few days.
  • The best news yet: Bob Grand is toast and Mitchy takes the CIB inside the Gov's office and exposes Ballard for the inept fool that he is. Now that BGrand is gone, who is Mayor McCheese gonna hide behind?

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  1. President Obama has referred to the ACA as "Obamacare" any number of times; one thing it is not, if you don't qualify for a subsidy, is "affordable".

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