

Article: " RAINY DAY " PLAN WOULD FORCE STATE TO SAVE FOR HARD TIMES
November Ballot (by David Ammons)
The Associated Press
This is a text about the idea: 'Supermajority needed to tap fund except in disasters'. It also gives the idea from Olympia - Washington residents, the government and their plan, preparation, their trouble saving for the budgetary rainy days that roll around with regularity for 'rainy day'. The article says that Democrat Gregoire and a large majorities of the state House and Senate propose a mandatory fix that will occur on the November ballot. On that day, they'll discuss about the decision for a 'rainy day' fund that would build up to $1 billion or more during good times and the money could be tapped by simple-majority vote in Olympia during recession or other disasters like earthquake, terrorist attack,etc. And the article also says the new plan is essentially enforced discipline, to smooth out peaks and valleys. According to the writer, contributions would be automatic and the cash would be pretty much off-limits. The system will be set in concrete.
1 comment:
Hello Thao - YOu have an interesting article, but I don't think you actually understand it very well because you copy quite a few ideas and idioms that you don't know. Please don't do that. Always use your words to report something! :)
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