Some of you may know that California government is all of a sudden short about $14 billion over the next 18 months. This came about because the government always projects revenue over the next x number of years and then spend at least that much money. The government believes that the economy is a constant and cannot experience a slowdown. Tax revenue, therefore, cannot decrease.
The real world is different.
Economy is slowing down and affecting tax revenue. California's budget is ALWAYS made with the most optimistic tax receipt in mind. This I believe is due to the socialists in charge of California government.
Ahnold is a free spending socialist. His one redeeming quality is that he absolutely refuses to raise taxes. And he's right. California has a spending problem, not a revenue problem. Our 2008 budget is $140 billion, plus/minus a few, but who's counting.
Now the legislature needs to trim something from this massive government waste and they are absolutely stuck. They don't know what to cut.
I figured out why.
California does not have the one thing that liberal socialists like to cut from their government budget...military.
I just think this is funny. As long as Ahnold can hold his line, I will continue to enjoy this socialist mess.
