Quote:
Originally Posted by jyl
Tobra, do some research on how much California's revenue has declined in the recession. I think in 2009 it went down about 14%. Meanwhile, there's not much state spending that naturally declines in a recession. So the state's budget naturally had a big hole blown through it. The state's political system is also screwed up, that's clear.
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The bottom line is; Responsible people/entities plan smartly for future stability.
A State, that big, bringing in billions upon billions, should have some pretty serious reserves. --not living 'paycheck to paycheck.
To point to "revenue has declined 14% in the recession." as an excuse is just pathetic.
Californian, above all, has been spending like a spoiled drunk kids, with some other kid's parent's credit-card.