Good times and bad times, as we all know, are determined by state budget crunchers. A good time is one in which the state – here defined as state legislators, mostly Democrats – are wallowing in surpluses. A surplus is an excess of treasury money, here defined as the amount of money that legislators have overtaxed the citizenry. In good times, these overcharges are not returned to taxpayers. They are sometimes used to pay off debts incurred by legislators, mostly Democrats, who have not kept up payments on their obligations. To pick but one example, state teacher pensions are languishing because the state has used surpluses for purposes other than to meet its obligations to teachers. The state has not used its surpluses to pay off bonding debt because legislators know that they can fool most of the people all of the time into thinking that state bonding does not create debt. In fact, bonding creates debt – but, as we have seen, no obligation to pay it off – and overspending also create
go home from us in peace. We seek not your counsel or your arms. Crouch down and lick the hand that feeds you;
may your chains set lightly upon you, and may posterity forget that ye were our countrymen!"