A water drop and ripples

Justin Katz

May 13, 2024

This has been RI’s preferred budgeting method for the past 15 years.

They limp along hoping for a catastrophe that gives Democrats in Washington, D.C., an excuse to borrow waves of cash for one-time windfalls:

RIPEC_: RIPEC’s new report finds that the governor relied on surplus funds and remaining federal pandemic relief dollars to pay for operating expenses, thereby sidestepping more difficult spending choices, and contributing to budget deficits in FY26 and beyond.

It’s understandable that politicians and bureaucrats would incline this way, but it’s inexplicable that anybody continues to believe giving increasing amounts of power to people with these incentives and this history of bad judgment is a good idea.

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