California And The Great State Bailout
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From 247wallst.com
Muscle man Arnold Schwarzenegger has told the California legislature that the state is out of money. California's budget deficit is up $3.6 billion since the last estimate early this year. The deficit is now projected to be $14.8 billion.
In a state where property values are falling and businesses are failing at a remarkable rate, increasing taxes is an attractive but impractical option. State legislators are usually more corrupt and pandering than their brothers in the Congress. Going to their voters with plans to cut garbage collection or high school sports would probably diminish their chances of being sent back to Sacramento.
Read More at 247wallst.com >>>>
Muscle man Arnold Schwarzenegger has told the California legislature that the state is out of money. California's budget deficit is up $3.6 billion since the last estimate early this year. The deficit is now projected to be $14.8 billion.
In a state where property values are falling and businesses are failing at a remarkable rate, increasing taxes is an attractive but impractical option. State legislators are usually more corrupt and pandering than their brothers in the Congress. Going to their voters with plans to cut garbage collection or high school sports would probably diminish their chances of being sent back to Sacramento.
Read More at 247wallst.com >>>>
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