replies here, I think I understand - insofar as how things are labelled, anyway. But... am I right that the *prudent* thing to do if you have debt is to use what "extra" you have to pay it off? Or how does debt ever get paid off? Just the amount on some "budget item" for that purpose?
The headline and tenor of this article made it seem like, "Happy days are here again, the skies above are clear again..." If you scroll to the bottom, clearly that's not the case: "The result: Optimism about digging out of the recession is occurring at the same moment surpluses are landing. But many experts in state finances say governors and legislatures may be too eager to spend the new money rather than paying down debt, bolstering shaky pension systems or setting aside money for the next downturn..." I don't know how these governors/states are getting away with it.
When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
~ John Muir