More brilliance in California

[SD Realtor]

Well we passed many of the propositions but oh yeah… we are a broke state.

SACRAMENTO, Calif. (AP) – Gov. Arnold Schwarzenegger has proposed $4.4 billion in tax increases and billions more in spending cuts to close California’s worsening budget deficit, declaring: “We must stop the bleeding.”
Schwarzenegger on Thursday called for a special session of the state Legislature to address a deficit that has grown to $11.2 billion just six weeks after he signed the budget for the current fiscal year.

He said the state’s economic condition has deteriorated significantly since then, with a cratering stock market and the continued decline of the housing industry.

California’s budget relies greatly on capital gains taxes, which have dropped precipitously in recent months along with swooning stock prices. Sales and property taxes also have declined.

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”

SWEET!!!

[Veritas]

I guess he did not read any U.S. history regarding raising taxes during an economic down turn. Maybe he should study Hoover’s administration. Obama will be a trustee in bankruptcy. So will the Governor. Shutting down the engine that drives the economy by raising taxes whether is it on a category they label “rich” is going to drive the economy into the ground.
God help us.

[Veritas]

I guess he did not read any U.S. history regarding raising taxes during an economic down turn. Maybe he should study Hoover’s administration. Obama will be a trustee in bankruptcy. So will the Governor. Shutting down the engine that drives the economy by raising taxes whether is it on a category they label “rich” is going to drive the economy into the ground.
God help us.

[Veritas]

I guess he did not read any U.S. history regarding raising taxes during an economic down turn. Maybe he should study Hoover’s administration. Obama will be a trustee in bankruptcy. So will the Governor. Shutting down the engine that drives the economy by raising taxes whether is it on a category they label “rich” is going to drive the economy into the ground.
God help us.

[Veritas]

I guess he did not read any U.S. history regarding raising taxes during an economic down turn. Maybe he should study Hoover’s administration. Obama will be a trustee in bankruptcy. So will the Governor. Shutting down the engine that drives the economy by raising taxes whether is it on a category they label “rich” is going to drive the economy into the ground.
God help us.

[Veritas]

I guess he did not read any U.S. history regarding raising taxes during an economic down turn. Maybe he should study Hoover’s administration. Obama will be a trustee in bankruptcy. So will the Governor. Shutting down the engine that drives the economy by raising taxes whether is it on a category they label “rich” is going to drive the economy into the ground.
God help us.

[DWCAP]

[quote=GUBINATOR]

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”
[/quote]

WHY? I am not saying he is wrong, I am asking why we cant cut the budget anymore. I am sure there are lots of people out there who ‘NEED’ all kinds of stuff who are now cutting back. The most obvious example being gasoline. People screamed bloody murder that their gas tankfulls were expensive. Then, they cut back. Demand fell, and some of the expectations of future demand that were driving the prices up so much also fell. Somehow people seemed to get along with less driving.

That is just an example. I am not saying that cutting driving didnt hurt, or was a happy choice, but it was a choice that had to be made. So again I ask: “Why cant they cut more?”

[DWCAP]

[quote=GUBINATOR]

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”
[/quote]

WHY? I am not saying he is wrong, I am asking why we cant cut the budget anymore. I am sure there are lots of people out there who ‘NEED’ all kinds of stuff who are now cutting back. The most obvious example being gasoline. People screamed bloody murder that their gas tankfulls were expensive. Then, they cut back. Demand fell, and some of the expectations of future demand that were driving the prices up so much also fell. Somehow people seemed to get along with less driving.

That is just an example. I am not saying that cutting driving didnt hurt, or was a happy choice, but it was a choice that had to be made. So again I ask: “Why cant they cut more?”

[DWCAP]

[quote=GUBINATOR]

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”
[/quote]

WHY? I am not saying he is wrong, I am asking why we cant cut the budget anymore. I am sure there are lots of people out there who ‘NEED’ all kinds of stuff who are now cutting back. The most obvious example being gasoline. People screamed bloody murder that their gas tankfulls were expensive. Then, they cut back. Demand fell, and some of the expectations of future demand that were driving the prices up so much also fell. Somehow people seemed to get along with less driving.

That is just an example. I am not saying that cutting driving didnt hurt, or was a happy choice, but it was a choice that had to be made. So again I ask: “Why cant they cut more?”

[DWCAP]

[quote=GUBINATOR]

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”
[/quote]

WHY? I am not saying he is wrong, I am asking why we cant cut the budget anymore. I am sure there are lots of people out there who ‘NEED’ all kinds of stuff who are now cutting back. The most obvious example being gasoline. People screamed bloody murder that their gas tankfulls were expensive. Then, they cut back. Demand fell, and some of the expectations of future demand that were driving the prices up so much also fell. Somehow people seemed to get along with less driving.

That is just an example. I am not saying that cutting driving didnt hurt, or was a happy choice, but it was a choice that had to be made. So again I ask: “Why cant they cut more?”

[DWCAP]

[quote=GUBINATOR]

He said lawmakers will not be able to close the budget gap with cuts alone. He proposed a temporary 1.5 percent sales tax increase and other “revenue generators.”
[/quote]

WHY? I am not saying he is wrong, I am asking why we cant cut the budget anymore. I am sure there are lots of people out there who ‘NEED’ all kinds of stuff who are now cutting back. The most obvious example being gasoline. People screamed bloody murder that their gas tankfulls were expensive. Then, they cut back. Demand fell, and some of the expectations of future demand that were driving the prices up so much also fell. Somehow people seemed to get along with less driving.

That is just an example. I am not saying that cutting driving didnt hurt, or was a happy choice, but it was a choice that had to be made. So again I ask: “Why cant they cut more?”

[SD Realtor]

The thing that irks me the most is that when they passed the current budget, it was total BS. I don’t recall the links now but my wife kept sending all kinds of information on how much of a clusterf– it was. There was no way in the world the budget was based on reality.

[SD Realtor]

The thing that irks me the most is that when they passed the current budget, it was total BS. I don’t recall the links now but my wife kept sending all kinds of information on how much of a clusterf– it was. There was no way in the world the budget was based on reality.

[SD Realtor]

The thing that irks me the most is that when they passed the current budget, it was total BS. I don’t recall the links now but my wife kept sending all kinds of information on how much of a clusterf– it was. There was no way in the world the budget was based on reality.

[SD Realtor]

The thing that irks me the most is that when they passed the current budget, it was total BS. I don’t recall the links now but my wife kept sending all kinds of information on how much of a clusterf– it was. There was no way in the world the budget was based on reality.

[Author]

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