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pdq

10/05/07 1:41 PM

#73851 RE: roni #73845

roni- re "rainy day" funds

In my experience, fat chance. As soon as you put any significant amount of state funds into such a "rainy day" fund, you start to get politicians running on the platform of giving that money back.

Although it's an entirely reasonable approach, it's almost impossible to keep up in a real world that will always have opportunistic politicians.