Tax and Spend Liberals Trying to Dodge the Fiscal Bullet
Tags: Tax and Spend Liberalism.
Click here to get Caucus of Corruption: The Truth About The New Democratic Majority by Matt Margolis and Mark Noonan.
Hoping that they can cook to books to the point where they can avoid the full amount of absolutely necessary spending cuts:
California’s top accountant said the state would begin issuing IOUs to hundreds of thousands of creditors after lawmakers failed to meet its deadline this week to close a massive budget deficit.
California Controller John Chiang said Wednesday he planned to send out $3.4 billion of IOUs in July to state contractors and local governments, as well as to residents expecting income-tax refunds, welfare grants and college scholarships…
…Mr. Chiang said without IOUs, the state would run out of cash by the end of July. “It’s our last official step prior to defaulting,” he said. Mr. Chiang delayed similar payments in February because of another cash-flow emergency, but didn’t issue IOUs at that time.
Legislators have been deadlocked for more than a month on ways to close what is now a $26 billion deficit in a $92 billion general-fund budget. Late-night sessions failed to produce a compromise.
Republican Gov. Arnold Schwarzenegger proposed deep cuts and some so-called revenue accelerations, which would include larger income-tax withholding. Democrats, who control the Legislature, countered with a $21 billion proposal that includes $11 billion of cuts and relies more heavily on accounting gimmicks and one-time fixes. Republican lawmakers on Tuesday rejected the latest Democratic plan, which Mr. Schwarzenegger said he would veto anyway. (emphasis added)
Gimmicks! The California economy is collapsing under an avalanche of tax and spend liberalism, and the liberals want to use sleight of hand to get out of it…knowing that it will only put off the day of reckoning to next July. Perhaps they hope the economy will recover, or Santa ‘Bama will come down the chimney with a hundred billion dollars of taxpayer goodies…more likely, they are just afraid and simply want to get to the next day without having to expose themselves to an unpopular vote.
This is what you want for us, liberals? This is your State – GOPers have only slight influence, and have had only slight influence for the past decade in California…and conservatism has had no influence at all (except at the ballot boxes when referenda come up for a vote, and even then, sometimes, it doesn’t come through). This should be a paradise – a place of education and health care for all, no more crime, no more pollution, steady “sustainable” growth, racial harmony…where is it, liberals? To use an old phrase, “where’s the beef”? If you can’t do it with 30 million people, why should we believe you that you can do it with 300 million?
Thank you for visiting Blogs For Victory. If you enjoy our content, please consider making a donation to help us cover the costs of our servers.Mark Noonan is co-author (with Matt Margolis) of Caucus of Corruption: The Truth About The New Democratic Majority. He also blogs at Nevada News and Views. Follow Mark on Twitter.
6 Responses to “Tax and Spend Liberals Trying to Dodge the Fiscal Bullet”
Caucus of Corruption
Liberals? Don’t you have anything to say?
First, and foremost, a bad year in California is better than a hundred good years in that cracked, dry lake bottom, amoral, (legally) whorehouse-infested, radioactive cockroach hotel known as Nevada…
As of March 2009, if we were a country, we would still be the seventh largest economy on planet Earth, with priceless assets including our breadbasket Central Valley, our Sierras with Yosemite Valley, our talent pool, our leading-edge tech industries, our Pacific coastline with it’s redwoods and beaches, and we are all quick to criticize politicians who are f***ing it up. (Prop 8 is a whooooole other post that can only be explained by zero voter turnout due to excellent surf conditions.)
The Governator has failed. He promised the moon, but delivered an assteroid [sic].
Gray Davis was vindicated thus: “In March 2003, the Federal Energy Regulatory Commission’s long awaited report on the so-called “energy crisis” was released. That report mostly vindicated Davis, laying the blame for the energy disruption and raiding of California’s treasury on some 25 energy trading companies, most of which were based in Texas.”
Aaaahnold has no such excuse. He’s a tough-talking, gas-guzzling, Reagan-esque actor/poser who fired his professional union script writers and now has nothing but scabs penning his every line.
But, hey, those IOUs are paying better than 3% interest. Try getting that from your 6 month CD.
its pretty obvious that the drugs you are doing tend to corrupt your brain cells bozo…
nuff said on that issue…you can lead a horse to water…but you gotta know its one stupid horse that refuses to drink for 4 decades till its on the brink of death…and then pretends that everything is all right…
I have never “done” drugs in my life. Not a single illegal substance. Never. And never will. A good political debate can be intoxicating enough. My wife and kids make me high enough, and I wouldn’t do ANYTHING to jeopardize their well-being.
I think it’s important to stop joking about drugs. They’re killing too many otherwise good people.
Deleted – complains about comment policy.
bozo,
I’m curious how much longer you think California would be able to sustain those qualities which are not granted by nature should the economic conditions there continue to plummet. How would you keep the talent from being exported to other countries? How would you repay the debt? Or is the country that can borrow the most the one with the most actual wealth?
Don’t get me wrong, as I know you’re trying to defend the qualities of your state. But I don’t think you’ve properly addressed the central issue of the problems of over-spending and low funding.