Quote:
Originally Posted by MarchHare
If the WRP gets rid of the irresponsible Dani-dollars, I'd be 100% behind this policy. IMO, there are only three fiscally-responsible ways to deal with a surplus:
1) Accelerate repayment of outstanding government debt
2) Invest in long-term savings (i.e. Heritage Fund)
3) Save the excess money in a good year to cover a budget shortfall in a bad year (i.e. Rainy Day fund)
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Wow... I agree totally. While Danidollars are nice... to be honest it wouldn't have made that big of a difference in my life... actually the difference it would have made is miniscule. I suspect that is probably true for a large majority of people too.
I should add that there is a 4th way to deal with a surplus. Reduce taxes. If you have a significant surplus its pretty obvious that your taxation rate is too high. Reducing taxes encourages investment and is good for the economy and is a win-win all around.