Monday, May 30, 2011

Use In Case Of Slight Discomfort

AITOOW doesn't understand why we allow service entities to keep significant reserves? They should refund any overage caused by miscalculation or fiscal serendipity. Keeping it only encourages them to spend more than is necessary or sustainable. From my state to my school board to my home owner's association, they all have ridiculous amounts of money in their rainy day funds. So much so that they can frustrate cost the cutting ambitions in current policy agendas. It's not about having "flexibility" at a certain point. It's about having leverage over you. Not to mention the free dinners that they get from the banks that sit on the cash.

No comments: