An example from 2010:
I read. It’s the same story as today though? Thats how these crises run. We used to have new ones on quite the regular basis!
Here’s the flaw. The jurisdiction be it city or state always plans to at least equal the prior years spending. Thats how we can have some idiot claim a spending slowdown is the same as a spending cut. Of course when reality slaps one in the face sometimes it’s necessary to spend less. Lets say however they didn’t do that and instead slowly accumulated wealth. well i for one wouldn’t want that. It’s better than the alternative but it means we’re over taxed and nobody wants that.