CA: Revenue numbers point to a rational way out of crisis

Sac Bee ^ | 2/17/03 | Dan Walters

[NormsRevenge]

A chart published by the Legislature's budget office graphically illustrates the roots of California's budget crisis.

The chart shows the growth of state general fund revenues, mostly from taxes on personal and corporate income and retail sales, over the past two decades. In the 1982-83 fiscal year, the state took in $20.7 billion. By 2001-02, the total was $67.2 billion.

[NormsRevenge]

Government binge spending with no concept of its own weightiness of late on the economic condition we all find ourselves in.

Just because cash was rolling in then, it's OK to keep spending more and more..

[NormsRevenge]

Ping

[Digger]

merely suspending these mandates and reducing current expenditures by 9.5 percent - and then holding at that level for 18 months - would eliminate the deficit without the tax increases, raids on local government, and pilfering of pension and special funds that the governor has proposed. per Tom McClintock.

Where are you pubbies. Get with it or become totally irrevelant.

[Amerigomag]

Get with it

McClintocks perscription is so eleoquently simple you'd think it would be the mantra of every Republican assemblyman, senator and mayor.

Now we hear that Republican law makers want to barrow enough to cover the deficit.

Can tax increases to prop up our sagging credit be far behind on the Republican agenda.

Tell me, where the hell have the fiscal conservatives gone in the California Republican party?

[Ernest_at_the_Beach]

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[Lancey Howard]

The leftover deficit from the past couple of years, perhaps another $15 billion to $20 billion, would remain. A rational solution would be to cover it with loans, to be repaid over several years in part by a dedicated temporary tax increase -- or even better, closing some tax loopholes -- and in part by future spending restraint.

"Temporary" (yeah, right!) tax increases, tax loopholes, increased car tax.... this author, Dan Walters, doesn't have much time for spending reductions, does he? The problem wasn't drunken-sailor-on-shore-leave Democrat vote-buying sprees - - the problem was a cut in the insane car tax championed by Republicans. Haha... Walters is your typical liberal Sac Bee mouse! What a scumbag.