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The LA Times is surprised that tax revenues continue to drop.
The California Political News and Views told you so. Raise taxes by tens of billions of dollars, create a job killer like AB 32, allow unions to control government, this is the natural outcome.
Oh, I understand how the Times is surprised. "The decline sets Sacramento back as next month's deadline for passing a budget approaches. Lawmakers face a deficit of $18.6 billion about 20% of general fund spending with no easy options left for addressing it, as they have already cut state services severely and temporarily raised income, sales and vehicle taxes."
The Times believes the deficit is $18.6 billion. Actually, the general fund is $22 billion, per the State Controller, in deficit. Then you add the $6 billion in unpaid lost lawsuits, then add the $3 billion is assets not sold, then add the $7.3 billion the unemployment fund is under water--we have been borrowing money to pay that debt--and you have a deficit, with other debts of over $39 billion.
If the fringe media started reporting the true numbers it would scare the public. Government is corrupt and broke.
Start scaring the public with the truth, we can handle it. Too bad the Times can not.
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The California Political News and Views told you so. Raise taxes by tens of billions of dollars, create a job killer like AB 32, allow unions to control government, this is the natural outcome.
Oh, I understand how the Times is surprised. "The decline sets Sacramento back as next month's deadline for passing a budget approaches. Lawmakers face a deficit of $18.6 billion about 20% of general fund spending with no easy options left for addressing it, as they have already cut state services severely and temporarily raised income, sales and vehicle taxes."
The Times believes the deficit is $18.6 billion. Actually, the general fund is $22 billion, per the State Controller, in deficit. Then you add the $6 billion in unpaid lost lawsuits, then add the $3 billion is assets not sold, then add the $7.3 billion the unemployment fund is under water--we have been borrowing money to pay that debt--and you have a deficit, with other debts of over $39 billion.
If the fringe media started reporting the true numbers it would scare the public. Government is corrupt and broke.
Start scaring the public with the truth, we can handle it. Too bad the Times can not.
More...