I am born and raised "Californian" and am a part of the majority that refuses to pass a tax increase. Why this state's population continues to vote Democrats into power and, at the same time, refuses to pass a tax increase, is beyond me (in California, all tax increases must be past with a thirds popular vote).
The reader needs to know that California has not paid its bills in 30 years -- continuous deficits all that time, and now, the sky has fallen in around us.
But our politicians continue to play their stupid words games. Governor Brown is no different than the others, For example, in December of 2011, our failed governor, Pat Brown, predicted a 2.2 billion dollar short fall - as if he was getting things turned around. Today, a little over four months later, the truth comes out - we are 16 billion in the hole. Since Democrats and some Establishment Republicans in this state do not believe in the wisdom of paying our bill, the state is about go through the pain it deserves. Hundreds of school classrooms and whole campuses have closed. In the small community in which I live (23,000 strong), some 40 newly closed businesses are scattered thoughtout the city including two supermarkets and 10 smaller businesses in a six block drive down one of our main streets. And, this is typical of every community in the state.
The problem is that the honest minority, folks like my wife and I, have to pay for the idiocy of our big spending politicians right along with the countless number of morons who vote these clowns back into office.
In the Bloomberg article below, Brown is quoted as saying that "we are in the worst recession since the 1930" as if our California deficit is a historical circumstance. What the governor should have said was this,"Because no one in my party, including me, believes that running out of money is no big deal, we are having our worst years ever." That is what he should have said, because it is the absolute truth.
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End notes and related articles:
California’s budget deficit has swelled to $16 billion after tax collections trailed projections amid the tepid economic recovery, Governor Jerry Brown said in a comment on his Twitter post.
The shortfall has widened from the $9.2 billion Brown estimated in January, after lawmakers resisted the Democrat’s call for cost cuts, the federal government blocked other reductions and April income-tax revenue missed budget forecasts by $2 billion. On May 14, he’s set to unveil a revised spending plan and to say how he would erase the gap.
Brown, 74, set out an initial budget in January with $92.6 billion in spending for fiscal 2013, which begins in July. That plan stripped more than $4 billion from health and welfare programs while relying on higher income and sales taxes. The levy increases will go before voters in November. If rejected, schools will lose $4.8 billion midway through the year.
“We are still recovering from the worst recession since the 1930s,” Brown said in a YouTube video cited on his Twitter post. “Tax receipts are coming lower than expected and the federal government and the courts have blocked us from making billions of necessary budget reductions. The result is that we are now facing a $16 billion deficit.”
Brown this week submitted more than 1.5 million signatures to place the tax measure on the ballot. It would temporarily raise the state sales tax, already the highest in the U.S., to 7.5 percent from 7.25 percent. It would also boost rates on income starting at $250,000. The 10.3 percent levy on those making $1 million or more would rise to 13.3 percent, the most of any state.
Source: Bloomberg
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