by Max Brantley
John Brummett simplifies the Beebe budget proposal. It still amounts to spending surplus on ongoing operations. That's not a problem if the economy turns around.
Sleepless last night, I read a difficult economic article that mentioned one simple fact that riveted me, proud possessor of a cratered IRA -- it took the market 25 years to recover from the crash of 1929. I'm not saying it's apples to apples, but banking on the inevitability of recovery in a specific period of time is wishful thinking at this moment.
I think the people would understand if Beebe bypassed a year of progress on eliminating the grocery tax by foregoing a penny reduction. But he wants that on his resume in 2010.