Wednesday, May 18, 2011

Why wasn't this a law decades ago?

Wall Street Journal hearts Marco Rubio bill that would allow states to return $$ to the feds has some exciting news:

Rubio's bill would allow states to return unwanted federal money to the federal Treasury to pay down the national debt -- rather than have the money spent elsewhere.

"The REFUND Act ends the 'use-it-or-lose-it' mentality that encourages states to take debt-financed cash from Washington that will be a crushing burden on our children and grandchildren," Rubio said. "Fiscally responsible state officials should be allowed to divert Washington's spending spree towards debt reduction and do their part to end the practice of spending money we don't have."

Cool!  Someone is serious about trying to reduce expenses.

Though, I wonder why this wasn't considered decades ago?

I don't know much about Senator Rubio, but I'm tempted to donate to his campaign just because of this bill.

Hat tip: Miazagora via Facebook.

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