Home › Forums › Financial Markets/Economics › CA income taxes increasing 2.5%? › esmith wrote: Please tell us
[quote=esmith]
Please tell us which contracts you would break and which state employees you would fire to close the projected $41 billion hole in the budget.[/quote]
Mish mentions several entire departments that could be cut here:
http://globaleconomicanalysis.blogspot.com/2008/01/mishs-california-budget-proposal.html
Once all the unnecessary departments/employees have been cut, then you cram down the state budget across the board until it’s balanced. We should also hike property taxes as that’s what got us here in the first place.
