[EconProf]

You are very good at hating.
You have spouted non-sequiturs and displayed prejudices that only cloistered graduate students can have.
Go. Please. Go.

[EconProf]

You are very good at hating.
You have spouted non-sequiturs and displayed prejudices that only cloistered graduate students can have.
Go. Please. Go.

[EconProf]

You are very good at hating.
You have spouted non-sequiturs and displayed prejudices that only cloistered graduate students can have.
Go. Please. Go.

[EconProf]

You are very good at hating.
You have spouted non-sequiturs and displayed prejudices that only cloistered graduate students can have.
Go. Please. Go.

[EconProf]

SDR raises a good point. It appears that $11 billion of the closing of the $42 B. budget gap is simply from more borrowing. This is just kicking the can into the future. When the bill comes due we will just have to raise taxes and/or cut services. We have already done this to such an extent that interest payments are now a big part of our “spending”. The credit markets, no fools they, have awarded our state with the worst credit rating in the country. We used to be tied with Louisiana, but now we’ve sunk below them.
In addition, history shows that tax hikes NEVER bring in their projected revenue, because the tax hikers use static analysis instead of dynamic analysis. They figure people never change behavior in response to incentives. Thus, a 10% hike in a tax will result in a 10% increase in revenues. In the real world, people can move, substitute leisure for work, buy their cigarettes in another state, have one spouse stay home, buy on the internet, etc., etc.
Those most likely to change their behavior are also the highest taxed, economically savvy, and productive citizens. Exactly the ones who do the hiring, the big spending, the risk-takers and creaters. Some on this site, like Turtle, are bolting or altering their spending.
Accordingly, the idea that the just-passed budget is balanced is a fantasy. In several months we will discover that revenues are falling well short of projections, the state needs more revenue, and all we need to do is raise taxes to close the unexpected gap.
It is a vicious cycle and our politicians and media, and some on this site are in denial.

[EconProf]

SDR raises a good point. It appears that $11 billion of the closing of the $42 B. budget gap is simply from more borrowing. This is just kicking the can into the future. When the bill comes due we will just have to raise taxes and/or cut services. We have already done this to such an extent that interest payments are now a big part of our “spending”. The credit markets, no fools they, have awarded our state with the worst credit rating in the country. We used to be tied with Louisiana, but now we’ve sunk below them.
In addition, history shows that tax hikes NEVER bring in their projected revenue, because the tax hikers use static analysis instead of dynamic analysis. They figure people never change behavior in response to incentives. Thus, a 10% hike in a tax will result in a 10% increase in revenues. In the real world, people can move, substitute leisure for work, buy their cigarettes in another state, have one spouse stay home, buy on the internet, etc., etc.
Those most likely to change their behavior are also the highest taxed, economically savvy, and productive citizens. Exactly the ones who do the hiring, the big spending, the risk-takers and creaters. Some on this site, like Turtle, are bolting or altering their spending.
Accordingly, the idea that the just-passed budget is balanced is a fantasy. In several months we will discover that revenues are falling well short of projections, the state needs more revenue, and all we need to do is raise taxes to close the unexpected gap.
It is a vicious cycle and our politicians and media, and some on this site are in denial.

[EconProf]

SDR raises a good point. It appears that $11 billion of the closing of the $42 B. budget gap is simply from more borrowing. This is just kicking the can into the future. When the bill comes due we will just have to raise taxes and/or cut services. We have already done this to such an extent that interest payments are now a big part of our “spending”. The credit markets, no fools they, have awarded our state with the worst credit rating in the country. We used to be tied with Louisiana, but now we’ve sunk below them.
In addition, history shows that tax hikes NEVER bring in their projected revenue, because the tax hikers use static analysis instead of dynamic analysis. They figure people never change behavior in response to incentives. Thus, a 10% hike in a tax will result in a 10% increase in revenues. In the real world, people can move, substitute leisure for work, buy their cigarettes in another state, have one spouse stay home, buy on the internet, etc., etc.
Those most likely to change their behavior are also the highest taxed, economically savvy, and productive citizens. Exactly the ones who do the hiring, the big spending, the risk-takers and creaters. Some on this site, like Turtle, are bolting or altering their spending.
Accordingly, the idea that the just-passed budget is balanced is a fantasy. In several months we will discover that revenues are falling well short of projections, the state needs more revenue, and all we need to do is raise taxes to close the unexpected gap.
It is a vicious cycle and our politicians and media, and some on this site are in denial.

[EconProf]

SDR raises a good point. It appears that $11 billion of the closing of the $42 B. budget gap is simply from more borrowing. This is just kicking the can into the future. When the bill comes due we will just have to raise taxes and/or cut services. We have already done this to such an extent that interest payments are now a big part of our “spending”. The credit markets, no fools they, have awarded our state with the worst credit rating in the country. We used to be tied with Louisiana, but now we’ve sunk below them.
In addition, history shows that tax hikes NEVER bring in their projected revenue, because the tax hikers use static analysis instead of dynamic analysis. They figure people never change behavior in response to incentives. Thus, a 10% hike in a tax will result in a 10% increase in revenues. In the real world, people can move, substitute leisure for work, buy their cigarettes in another state, have one spouse stay home, buy on the internet, etc., etc.
Those most likely to change their behavior are also the highest taxed, economically savvy, and productive citizens. Exactly the ones who do the hiring, the big spending, the risk-takers and creaters. Some on this site, like Turtle, are bolting or altering their spending.
Accordingly, the idea that the just-passed budget is balanced is a fantasy. In several months we will discover that revenues are falling well short of projections, the state needs more revenue, and all we need to do is raise taxes to close the unexpected gap.
It is a vicious cycle and our politicians and media, and some on this site are in denial.

[EconProf]

SDR raises a good point. It appears that $11 billion of the closing of the $42 B. budget gap is simply from more borrowing. This is just kicking the can into the future. When the bill comes due we will just have to raise taxes and/or cut services. We have already done this to such an extent that interest payments are now a big part of our “spending”. The credit markets, no fools they, have awarded our state with the worst credit rating in the country. We used to be tied with Louisiana, but now we’ve sunk below them.
In addition, history shows that tax hikes NEVER bring in their projected revenue, because the tax hikers use static analysis instead of dynamic analysis. They figure people never change behavior in response to incentives. Thus, a 10% hike in a tax will result in a 10% increase in revenues. In the real world, people can move, substitute leisure for work, buy their cigarettes in another state, have one spouse stay home, buy on the internet, etc., etc.
Those most likely to change their behavior are also the highest taxed, economically savvy, and productive citizens. Exactly the ones who do the hiring, the big spending, the risk-takers and creaters. Some on this site, like Turtle, are bolting or altering their spending.
Accordingly, the idea that the just-passed budget is balanced is a fantasy. In several months we will discover that revenues are falling well short of projections, the state needs more revenue, and all we need to do is raise taxes to close the unexpected gap.
It is a vicious cycle and our politicians and media, and some on this site are in denial.

[EconProf]

As your situation evolves, documentation is everything. Rely only on what is in writing, communicate from now on by mail or (saved) emails, and develop a paper trail.
You cannot unilaterally alter existing contracts and laws, such as trying to get your security deposit back before the 3-week maximum called for by CA law.
You can put every complaint or proposal in writing and ask that they reply in kind. The very fact that they know you are savvy and documenting everything will help keep them honest.
You should immediately reread carefully your existing contract and any related papers so you are fully informed of your current rights and obligations.

[EconProf]

As your situation evolves, documentation is everything. Rely only on what is in writing, communicate from now on by mail or (saved) emails, and develop a paper trail.
You cannot unilaterally alter existing contracts and laws, such as trying to get your security deposit back before the 3-week maximum called for by CA law.
You can put every complaint or proposal in writing and ask that they reply in kind. The very fact that they know you are savvy and documenting everything will help keep them honest.
You should immediately reread carefully your existing contract and any related papers so you are fully informed of your current rights and obligations.

[EconProf]

As your situation evolves, documentation is everything. Rely only on what is in writing, communicate from now on by mail or (saved) emails, and develop a paper trail.
You cannot unilaterally alter existing contracts and laws, such as trying to get your security deposit back before the 3-week maximum called for by CA law.
You can put every complaint or proposal in writing and ask that they reply in kind. The very fact that they know you are savvy and documenting everything will help keep them honest.
You should immediately reread carefully your existing contract and any related papers so you are fully informed of your current rights and obligations.

[EconProf]

As your situation evolves, documentation is everything. Rely only on what is in writing, communicate from now on by mail or (saved) emails, and develop a paper trail.
You cannot unilaterally alter existing contracts and laws, such as trying to get your security deposit back before the 3-week maximum called for by CA law.
You can put every complaint or proposal in writing and ask that they reply in kind. The very fact that they know you are savvy and documenting everything will help keep them honest.
You should immediately reread carefully your existing contract and any related papers so you are fully informed of your current rights and obligations.

[EconProf]

As your situation evolves, documentation is everything. Rely only on what is in writing, communicate from now on by mail or (saved) emails, and develop a paper trail.
You cannot unilaterally alter existing contracts and laws, such as trying to get your security deposit back before the 3-week maximum called for by CA law.
You can put every complaint or proposal in writing and ask that they reply in kind. The very fact that they know you are savvy and documenting everything will help keep them honest.
You should immediately reread carefully your existing contract and any related papers so you are fully informed of your current rights and obligations.

[EconProf]

We are witnessing patterns in the Obama Presidency thus far in which political expedience trumps all, hypocrisy runs rampant, and the share of government in our lives ratchets up on a permanent basis.
The campaign promises of ending politics as usual and reaching out to the other side consisted of having Pelosi and Reid write the 3/4 trillon dollar spending spree and ram it into law with little debate.
Having people take personal responsibility consists of bailing out FB’s, and, from the Treasury Secretary’s upcoming announcement, bailing out those who might be on the verge of missing payments. Personal responsibility also means appointing tax dodgers.
The bare-knuckle tactic of politicizing the Census Bureau, increasing funding for ACORN, and raising the % of the population who pay no income taxes (thus lessening resistance to tax hikes) are all aimed at solidifying big government in the long run.
Americans are just beginning to wake up to what hit them, but the damage is done.

[Author]

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