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Originally Posted by island911
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.
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Just so
After prop 13 passed, the legislature could have VERY easily changed their spending habits, during the dot com boom, they could have spent on infrastructure, rather than giving away the farm to the state employee unions and for all appearances, acted as though the incredible growth in revenue would continue forever, they could spend the gasoline taxes only on roads, they could do their jobs, represent the people instead of themselves.
If I behaved with my personal finances the way this state does, I would be thrown in prison.
I will grant you that the initiative process is a bad way to make law or financial decisions.
In case you missed the other people who have said it over and over again, it is a spending problem, not a revenue problem.