california Budget deal, Kicking the can at counties and down the road

[patb]

So lets assume this deal works, i see 2 major problems.

1) it relies on 7 billion in accounting gimmicks. With the California
Bond rating hovering at junk, there is little room for manuever if
somethng else happens. Gimmicks buy you time, but, unless you use that
time to fix your problems, you just have to pay it back in spades next cycle.
With California not fixing Prop 13 and not fixing how they do income,
and definitely not fixing pensions or spending, it’s just garbage all around
and trying to fix these problems during an election year? Yeah, no republican
is going to vote for tax hikes 6 months before an election.

2) it dumps 2 billion in problems on the counties. Most of the counties
are staggering anyways. They collect their taxes mostly off of property taxes
and California is a disaster zone. look lots of government employees are
kind of underutilized, but, they are also the face of government. Streets,
sewers, water, libraries, fire, EMS, those are local functions. This is going to
hit into San Diego, LA, SFO and Sacramento hard. None of these counties
are in good shape.

anyone think LA will start issuing Arnolds as a fix?

[XBoxBoy]

Patb,

Just what were you expecting? That our politicians would suddenly get responsible and tackle the hard issues? Of course the solution is little more than accounting gimmicks, a few minor cuts, and a whole lot of can kicking.

Six months from now we will be back to another crisis due to overly optimistic projections of revenue. Or maybe it just moves the crisis down to the counties.

XBox “the cynic” Boy

[XBoxBoy]

Patb,

Just what were you expecting? That our politicians would suddenly get responsible and tackle the hard issues? Of course the solution is little more than accounting gimmicks, a few minor cuts, and a whole lot of can kicking.

Six months from now we will be back to another crisis due to overly optimistic projections of revenue. Or maybe it just moves the crisis down to the counties.

XBox “the cynic” Boy

[XBoxBoy]

Patb,

Just what were you expecting? That our politicians would suddenly get responsible and tackle the hard issues? Of course the solution is little more than accounting gimmicks, a few minor cuts, and a whole lot of can kicking.

Six months from now we will be back to another crisis due to overly optimistic projections of revenue. Or maybe it just moves the crisis down to the counties.

XBox “the cynic” Boy

[XBoxBoy]

Patb,

Just what were you expecting? That our politicians would suddenly get responsible and tackle the hard issues? Of course the solution is little more than accounting gimmicks, a few minor cuts, and a whole lot of can kicking.

Six months from now we will be back to another crisis due to overly optimistic projections of revenue. Or maybe it just moves the crisis down to the counties.

XBox “the cynic” Boy

[XBoxBoy]

Patb,

Just what were you expecting? That our politicians would suddenly get responsible and tackle the hard issues? Of course the solution is little more than accounting gimmicks, a few minor cuts, and a whole lot of can kicking.

Six months from now we will be back to another crisis due to overly optimistic projections of revenue. Or maybe it just moves the crisis down to the counties.

XBox “the cynic” Boy

[eyePod]

If by “fixing” prop 13 you mean increasing taxes then I’m against it. The politicos clearly can’t get it together, so why give them more license to tax?

[eyePod]

If by “fixing” prop 13 you mean increasing taxes then I’m against it. The politicos clearly can’t get it together, so why give them more license to tax?

[eyePod]

If by “fixing” prop 13 you mean increasing taxes then I’m against it. The politicos clearly can’t get it together, so why give them more license to tax?

[eyePod]

If by “fixing” prop 13 you mean increasing taxes then I’m against it. The politicos clearly can’t get it together, so why give them more license to tax?

[eyePod]

If by “fixing” prop 13 you mean increasing taxes then I’m against it. The politicos clearly can’t get it together, so why give them more license to tax?

[patb]

you can’t maintain any sense of fairness if people who have been
there 30 years are paying 10% the tax of people who came 2 years ago.
This ultimately destroys home values as newcomers won’t buy
and the real inequity is 30 years public sector workers benefit
from high pensions as they go out the door and low taxes
as they own houses tied to their stable careers.

[patb]

you can’t maintain any sense of fairness if people who have been
there 30 years are paying 10% the tax of people who came 2 years ago.
This ultimately destroys home values as newcomers won’t buy
and the real inequity is 30 years public sector workers benefit
from high pensions as they go out the door and low taxes
as they own houses tied to their stable careers.

[patb]

you can’t maintain any sense of fairness if people who have been
there 30 years are paying 10% the tax of people who came 2 years ago.
This ultimately destroys home values as newcomers won’t buy
and the real inequity is 30 years public sector workers benefit
from high pensions as they go out the door and low taxes
as they own houses tied to their stable careers.

[patb]

you can’t maintain any sense of fairness if people who have been
there 30 years are paying 10% the tax of people who came 2 years ago.
This ultimately destroys home values as newcomers won’t buy
and the real inequity is 30 years public sector workers benefit
from high pensions as they go out the door and low taxes
as they own houses tied to their stable careers.

[Author]

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