Showing posts with label Deficit Spending. Show all posts
Showing posts with label Deficit Spending. Show all posts
Wednesday, February 27, 2013
Sunday, May 13, 2012
Who Could Have Seen This Coming?
So this latest news about the deficit “rising” to $16 billion isn't really much of a surprise.
But, Governor Moonbeam, it does call for a public facepalm...
Saturday, January 17, 2009
Oh, Great...
I'm sure you've heard that California has a budget crisis. You may not be aware of the astounding magnitude of the deficit we're facing: $42 billion, which is about $1,200 for every man, woman, and child in the state. That means that the state has spent $42 billion more than it collected in taxes and fees last year – and this rate of deficit spending is continuing at an even higher level right now (because the worsening economy has greatly reduced “revenues”, and spending has actually increased as welfare programs kick into high gear).
Our legistators and governor have demonstrated themselves to be brainless and irresponsible to a degree I wouldn't have imagined possible in a democracy. Apparently I have grossly overestimated the competence of the average voter, because we keep reelecting these evil clowns year after year.
But yesterday came some news that might just wake up some of the voters: John Chiang, California's Treasurer, announced that he'd have to delay payment on income tax refunds by at least 30 days. This will free up some cash ($3.7 billion) California needs to pay its bills. This is a wonderful illustration of the way politicians think about such things: they're simply going to steal money from the citizens of the state to pay the bills that they never should have incurred in the first place.
It's highly unlikely that any bureaucrat or politician will be held accountable for their actions. It's far easier just to steal money from the citizens.
Rope.
Forest.
Politicians in Sacremento.
Some assembly required.
Citizen help gratefully accepted.
Our legistators and governor have demonstrated themselves to be brainless and irresponsible to a degree I wouldn't have imagined possible in a democracy. Apparently I have grossly overestimated the competence of the average voter, because we keep reelecting these evil clowns year after year.
But yesterday came some news that might just wake up some of the voters: John Chiang, California's Treasurer, announced that he'd have to delay payment on income tax refunds by at least 30 days. This will free up some cash ($3.7 billion) California needs to pay its bills. This is a wonderful illustration of the way politicians think about such things: they're simply going to steal money from the citizens of the state to pay the bills that they never should have incurred in the first place.
It's highly unlikely that any bureaucrat or politician will be held accountable for their actions. It's far easier just to steal money from the citizens.
Rope.
Forest.
Politicians in Sacremento.
Some assembly required.
Citizen help gratefully accepted.
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