It seems we're broke. Who's we, you ask? Us. The state. We're facing a "Mega-Deficit," which was previously spotted battling Godzilla in a 1965 movie. Godzilla won, but only by using radioactive flame-breath, and experts say that option is not on the table.
Everything else is on the table, though. Including proposals to sell the table and just spread everything out on the floor. Revenues fell like a bowling ball rolled off the lip of the IDS roof, and we have to find a way to pay for all those incredibly stupid things you want and those invaluable necessary things I want. Unfortunately, we're not on the same page. There are three views of our situation:
1. We spend too much on dang-fool things, and we are overtaxed. We don't spend enough on dang-smart things, and we are undertaxed.
2. We spend just enough, and are taxed at the right level. Also, my porridge is juuuust right, and there's someone sleeping in my bed.
3. These are irreconcilable positions, which means no one will be happy with the end result. Except Goldilocks, who escaped to Arizona.
The state has a "rainy-day" fund, but it was not designed to deal with Biblical storms that dumped rain, sleet, hail, frogs, rocks and canned Spam on our heads. It's also a bit thin -- $153 million, one-tenth of the "recommended" amount. Remember that the next time the state issues guidelines about your recommended daily vegetables; apparently just looking at a carrot is sufficient, if we use their standards.
So it's a fire sale: Everything Must Go. What can be done?
Sell the Airport. I happen to love our airport, but apparently the state passed a Mandatory CNN Act at some point, and you can't read a book in the waiting area because someone is shouting about a flood in Arkansas or some pop musician who's left another grease stain on the public culture. I don't care who owns it, as long as they empty the trash and the planes don't bump into each other on the way out. I just hope the state owns it free and clear, because if we discover they took out a three-year no-interest no-doc adjustable rate mortgage, and now they can't make the payments because they blew the equity to build all the flat-screens that show CNN, there will be hell to pay. And we'd have to borrow more to pay hell. You don't want to owe hell. They have the worst collection agency.