“The Legislature’s budget analyst, Mac Taylor, declared today that the immense package of spending cuts, new taxes and loans aimed at closing the state’s $40 billion budget deficit will fall short by $8 billion because the state’s economy is continuing to falter,” according to the Sacramento Bee.
In a speech Thursday before the Commonwealth Club of California in San Francisco, Schwarzenegger called the package of six ballot measures “the agreement that ends the current budget deficit and changes our approach to budgets in the future,” according to the L.A. Times.
So there you go. Governor Schwarzenegger’s campaign to raise our taxes is for naught. The package of proposals, led by Prop. 1A, isn’t going to be enough to save our state budget after all.
Maybe NOW it might be time to start cutting waste in Sacramento?
Taylor had some more bad news for the state’s political leaders. Because so many of the “solutions” adopted last month are temporary, “without corrective actions, the state’s huge operating deficits will reappear in future years – growing from $12.6 billion in 2010-11 to $26 billion in 2013-14.”
What a mess. And neither the Republicans nor the Democrats have a clue that cutting waste is the only way to resolve this disaster.
We can’t cut any more! We have to raise taxes!This is California! God Forbid we cut spending!!! We only have 11% Unemployment in this stste! If we can only raise taxes to 125% of everybodys income, and not let anybody move out of state, and raise our sales tax to 25% and just make the VLF Fee 10 times what it is now we will be fine! I can see it now, you can have a Car tax Payment book! you have the old style coupon of $400 for the car, and then you can send $150 per month to the state! Maybe thay can “impound” them for us like they do property taxes with our mortgage!
These people make me sick!It is over for this state!The dumb ass Austrian, republicans, and democrats are all in it! they are liars thieves and whores! Actually not whores, whores provide a service, run a business, and work for a living!
Gee, another 8 BILLION, what a surprise! The Government always leaks bad news out slowly. Remember a few short months ago, when they said that they had a 5 billion shortfall? And then it began to grow, and then POOF, 42 BILLION!!!!@#*$. Wake up people!!! Both Parties are Corrupt as Hell!!! California is about to become a test case for the theories of Ayn Rand. What happens to this State when all of the PRODUCTIVE Tax Payers in this State just throw up their hands and leave?! It’s happening! Then, all you’ll have are all the Tax Takers and no Tax Payers! Who will they tax then? What will California be then? The Golden State? Or just a Third World S**thole?!!! The end of the MARXIST Rainbow is BANKRUPTCY!!!! We’ll see soon. You’re right “BigMarkod”, don’t put Prostitutes in the same category as politicians, that would give Prostitutes a bad name!!!!! Guilt by association you know. Prostitutes make an honest living. Who is John Gualt?
Mike W
Don’t let Obama Californicate the rest of the Country!!!!!
Mike W