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?