Re "Tax haul outruns forecast" (Page A1, Jan. 23): The state has never been able to establish a realistic rainy day fund, but we can effectively achieve the same result by paying off debt.
When times are bad, governments have to borrow. If that debt is paid off when times improve, we would be ready in the future to borrow again when things once more go south.
For governments, paying off debt is like putting money in the bank. We all have to keep in mind that the next recession is never more than a few years away.
-- Mark A. Meier, Carmichael