That should just scream BS to anyone. The situation is out of control, they don't know what they don't know. Their projections aren't worth spit. They have no real plan besides "tax the rich" and they know the rich are leaving.
It's bad. Real bad. But don't worry: "we are getting control of it".
I am finding it hard to give a crap about the hole they dug. Heaven forbid you stop giving sanctuary and healthcare to illegals. Or stop trying to create some sort of liberal Utopia on earth on the taxpayers back.
For years their politicians promised all sorts of freebies then find out there ain’t enough money in magic well to cover all this stuff ........ well booo hoooo. I feel sorry for all the conservatives in Cali but maybe it’s time to leave the state and let the liberals stew in their mess. Texas is ranked number one for business climate btw.
California is ranked dead last for it’s Business climate http://www.bizjournals.com/sanjose/news/2012/05/02/california-last-again-in-ceo-business.html
California seems bent on driving business from state and then the gov’t doesn’t have enough revenue coming in. Well DUH!
Sadly I have heard “as goes California so goes the nation” hope that’s wrong.
Revenue estimates will always rise to meet spending in California, otherwise they could never have a budget, because cuts are just not in the socialists genes.
A lot of that foolishness going down around Dems. Jamie Dimon of JPMorgan bank, a Dem banker, believed the Obama/media BS about the economy revving up this year. His stupidity cost his bank $2 billion and he’s now under scrutiny. Anyone who believed that bunk shouldn’t be allowed to head a bank.