A balanced budget is a technical term for making the numbers add up. The amount you say you have to spend simply matches what you claim to have spent. So if you borrowed some millions that you would later have to pay back, and you found a few hundred million more on the sidewalk (maybe in Washington DC), if it added up far enough to cover how much you spent, you could claim to have a balanced budget.
The difference is that being at zero, and owing tens of millions you never had is not balanced. Add to that the reality that you now have a larger bill to pay every year but can’t expect to just find a few hundred million laying around every year, and you have what is called a structural deficit. Your political lifestyle vastly exceeds your expected revenue. Call it a state wide mortgage that exceeds our ability to pay it by hundreds of millions annually.
This is called incompetent. It is also the Lynch budget. And even though an account or two may have pulled in more revenue than expected, there is still a massive debt due in the next budget, created by democrats, and signed off on by John Lynch, with no money to pay for it..
Why else proceed in contradiction to the supreme court, on the politically poisonous path of robbing $110 million in private property unless you really need that 110 million to start stuffing the sink hole of a massive structural deficit. And even if you get this one time money, where’s the line of suckers you plan to screw after you are done with them?
If we had a real surplus they wouldn’t need to rob the JUA fund. They would drop the idea of selling off 60 million in state land. In fact, they’d stop all the hand-wringing about the budget. They have not. The deficit is real. And the democrats are to blame, and John Lynch and it is one more reason why John Lynch has been the governor for too long.
