where’s our rainy day fund?
The state of Tennessee has a "rainy day fund." It’s insufficient to defray the costs associated with a damp day, much less a real storm, but at least we have one. Why isn’t there a federal rainy day fund?
Now I know that there’s this whole big ball of ethical wax associated with how that money would be saved or invested (and rightly so). However, with one 12-figure catastrophe followed immediately by another disaster of potentially the same size, shouldn’t we have something in reserve at the national level?
