Unfortunately for California, state governments cannot file bankruptcies.
Why do we continuously elect idiots to run government?
Read the comments at your link. I like this one, it made me laugh:
The answer is simple: keep raising the sales tax until the revenue equals the amount govt wants; but try not to have it exceed 50%, because at that level people might reduce their purchases. Charge $700 for each parking ticket and bridge tolls should be $20, each way. This is simple, anyone can govern. And of course we need at 25% income tax plus a 30% tax on all home sales and purchases; it is only fair. Finally, it seems too low to only have to pay $74 to park in front of your own home in SF; that should be $400, every 6 months. In SF we need to raise the fee for construction permits to $6000 up-front plus 10% of estimated total cost of the project, plus 7% for the official permit expediter plus 9% in “donations” to the nonprofits favored by the SF Politburo.
I actually hope they do something like this. It couldn’t happen to a better state.
That’s because we aren’t buying much.
Because taxes are too high.
And when people are broke, they don’t buy much.
Maybe someday our esteemed leaders will figure this out.
Well then raise them some more to make up for the shortfall ...
I won’t even read the article because I know there will be absolutely ZERO references to the costs of supporting the illegals in California, and how most of the budget shortfall would disappear if they pulled the plug on the freeloaders.
Even more remarkable is the abject failure and unwillingness of ANY national Republican figure to use California’s situation for what it is, a clear example of what happens with liberal one party rule. And please spare me the ‘uh, but you had a republican governor......’. Arnold made some efforts early and he quickly realized that with the legislature in place and the accumulated problems in this state, there was nothing he could do. I’m no fan of Arnold’s, but he had no chance.
I'm doing my best to see that it does.
So what this is basically saying is instead of the 9.75% sales tax I pay in my county I can look forward to maybe 10% of 10.25% in the next year. Wow I can’t wait counting the days till I can leave this state it can’t be soon enough!
Arrrnold is quite possibly the worst big-state governor in history.
It’s not that hard to save money, Mr. RINO. If the states had merely limited spending to inflation and population growth over the last ten years, most would have huge surpluses today. But Arrrrnold and other liberals have been busy creating vast new programs and spending buckets of money. Now we are reaping the whirlwind.
Poor tax revenues? That’s a shame....
OK, then social services may fall short of wildly optimistic forecasts.
What's the big problem? :)
Well they should just raise taxes. :)
Cut California state Govt. overhead.
Send Mexican Citizens back to their Country with a copy of the constitution.......
Well, How’s the doubling off those car reg. fees working for us now!
Oh, that 1% sales tax must be helping too!
The rest must be bird feed!
On top of all this, the Enviros will levy Cap-and-Trade and low-carbon fuels sure to raise gas prices.