Procrustes Stretched
"intuition and imagination and intelligence"
whatever. talk to the
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California's high taxes are driving the people that can afford the move to Texas!
TAX THE RICH THAT MAKES MORE THEN 1 million per year at 39% percent on capita gains and income.
It works...
Beyond the hopeful predictions, the governor has also distorted how much money is actually being spent.*Sacramento Bee*Columnist*Dan Walters notes:
…there's been so much recent jockeying on how the state keeps its books that referring merely to the general fund as the budget is not only incomplete, but downright misleading to the voting and taxpaying public.
The tendency has been to shift expenditures from the general fund to new special funds and that has the effect – intended or coincidental – of flattening out general fund numbers and thus making the growth of state spending look smaller than it has been. For all of Gov. Brown’s talk about spending cuts and “fiscal discipline,” his budget forecasts a 5 percent jump in state spending, rising from $93 billion in 2012‑13 to $97.7 billion in 2013‑14. But as Walters notes, you need to add in all the other spending that is not included in those numbers: nearly $41 billion in special funds and over $7 billion in bond funds. Suddenly, the state is spending over $145 billion in 2013-14, not $97.7 billion-
See more at: Reason Foundation - Gov. Brown Uses Tricks to 'Balance' CA Budget
Tax increases never balance budgets.
Remember that.
Tax increases never balance budgets.
Remember that.
Oh come on.
Dems here in Illinois raise taxes 67% a few years ago.
We now have the worst in the nation credit rating.
And a $97 billion pension shortfall.
We just need another 67% tax hike.
Good news, California: Surplus is $2.4 billion - SFGate
Good news, California: Surplus is $2.4 billion
Melody Gutierrez
Updated 10:38 pm, Wednesday, November 20, 2013
Sacramento --
For the first time in nearly a decade, California is collecting more revenue than it is spending and will finish the fiscal year with an extra $2.4 billion, according to a report released Wednesday by the Legislature's nonpartisan budget analyst.
The good news comes after an era that saw one of the worst budget crises in California history - the fiscal shortfall sank to $60 billion in the 2009-10 budget, the state controller mailed IOUs to vendors in 2009 and state lawmakers slashed programs year after year to make ends meet.
Now, thanks to the passage of Proposition 30 last year and the improving economy, California is looking at surpluses for the next six years - even after the temporary taxes under Prop. 30 expire, according to the Legislative Analyst's Office.
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They did not have a spending problem at any point. They had a "the GOP has power" problem. Once the voters finally culled the GOP from any real power in Sacramento, the Democrats got down to governing responsibly. They now have funds to spend on education for hispanics and blacks, and services for young women who want to obtain an abortion.
The rest of the country has a lot to learn from California.
Moonbeam will find a way to squander it.
You can take that to the bank.
What good is that when you have $340 billion in un-funded liabilities?
Fixing California: Report ignores state?s vast pension liabilities | UTSanDiego.com
These problems will be solved with adjustments to revenue and benefits, and it will be done more quickly and easily the less Republicans are involved.
BS. They don't have a Surplus.
Tick Tock Tick Tock.
Leftist desperately trying to show Liberal Utopia Works.
BS. They don't have a Surplus.
Tick Tock Tick Tock.
Leftist desperately trying to show Liberal Utopia Works.
Be fair, just because every other surplus they had over the last decade disappeared doesn't mean this one will.
Except, of course, the article in the OP pointed out how the Democrats want more spending.