Re: “In good times and bad: Economy defines her legacy” (TNT, 12-30).
The article on Gov. Chris Gregoire’s legacy included the following gem of a quote from her: “… that if the money left in reserves had been any larger, lawmakers feared it would tempt a voter initiative to cut taxes.”
Does this logic make sense to anyone from either side of the aisle? Gregoire had excess taxpayer cash in her hands that she did not have to spend. But rather than risk taxpayers questioning if tax rates were appropriate, she spent it.
In the private sector, you spend shareholder money when there is a higher and better use for their cash. If not, you give it back (in the form of share repurchases or dividends). The government could learn many things from the private sector, starting with budgeting common sense.