California Budget Woes: Balance the Budget by Gambling and Letting Inmates Out!
It may come as a surprise to you but California is in a deep budget mess. The once rising tide of real estate has shipped off into the sunset with a one-way ticket. Last week, Governor Schwarzenegger was dealt a swift blow to his ill advised universal health care proposal. A budget analysis of the program turns out to put us deeper in the red; not exactly the place you want to be when you are unwilling to raise taxes and create programs from deficit spending. Does anyone ever wonder how we as a nation finance a war, universal health care, or a stimulus package when we are mired in debt? Here is the bottom line. We either raise taxes for these programs or cut spending (i.e., the war) to pay for future initiatives.
The governor has received decent reviews since he ousted […]
Original post by drhousingbubble
