Since congressional Republicans promised to zero out federal funding for high-speed rail, analysts noted, thestate wouldn't have enough money to electrify the tracks, let alone build out.
This decision to explicitly statethe conditions under which it is going to keep rates at near zero is a triumph for Chicago Fed President Charlie Evans who has campaigned for this kind of approach for years.
Then there's Louisiana Governor Bobby Jindal, who wants to zero out his state's income tax (top rate 6%) and the 8% corporate tax and replace them by raising the state's current 4% sales tax.
In the early 1970s, then-Georgia Governor Jimmy Carter used zero-based budgeting as a way to focus on justifying every dollar that was being spent in thestate government.