Yeah, I'm not necessarily averse to the concept of a rainy day fund in general. I'm just not crazy about the way the GOP is trying to set it up as a de-facto spending cap. It doesn't quite limit spending to current programs * (1 + inflation) * (1 + population growth), which is what Colorado did, and is now trying to reverse. But it's still problematic.

BTW, your sarcasm tags got interpreted as HTML and disappeared. I saw them in the emailed version, but they're not up on the web... Next time try ampersanded entities. <like this> :-)

Re: infrastructure, I kinda like the concept of a state or federal infrastructure bank, which would do for fiscal policy what the fed does for monetary policy. Governments would be able to put infrastructure projects up on a list, and the bank would have the authority to accelerate or decelerate grants of financing, in order to keep gov't spending countercyclical.