Posted by taxguru on November 27, 2002
Grasshopper States
The story of the grasshopper and the ant is an excellent illustration of why so many states are having budget deficits. Spending like a drunk sailor while revenues were up, and pretending that there would never be a down cycle, was nothing less than sheer incompetence by the State Rulers.
KMK
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Tax Guru - Ker$tetter Letter 