Thursday, March 22 the BEA met to report on the FY 2011-12 collections and estimate for FY 2012-13. For the year, revenues are $207.1 (3.4%) million over last year’s collections. The BEA took no action on the November estimate for FY 2012-1.
If I remember correctly, this “new money” is discovered while the budget travels from the House to the Senate every year.
I can see the trough dwellers’ dreams of new spending like visions of sugar-plums dancing in their heads. Or, can we try to repair the damage to future generations by paying on the $ 32 billion debt they will inherit?
Do you think the Senate will take this money for tax cuts or debt payment? One can only hope.
I’ll be the blue guy…