Tag Archives: california
Texas leads as California dreams on
California, like so many other states facing budget shortfalls, is a victim of decades of reckless spending and unsustainable budgets. Continue reading
Posted in current events
Tagged california, deficit spending, new york, newt gingrich, texas
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The Golden State’s Golden Tax Opportunity
Next month, California legislators may have the opportunity for a long-term solution to the Golden State’s notorious boom-bust cycle, currently in its “bust” stage. A state commission launched by Governor Arnold Schwarzenegger may recommend a flat tax on income, which would stabilize revenue and help launch a recovery. If so, it won’t come a moment too soon, since many believe that the state’s recently enacted $84.6 billion budget virtually guarantees another crisis as a sequel. Continue reading
California Agonistes
California’s problems stem from a dysfunctional, Democratic-dominated state legislature that has increased spending steadily while lacking the two-thirds majority necessary to pass commensurate tax increases. But California voters themselves also bear responsibility for the spending. Continue reading
High Taxes
More than half of Californians believe that marijuana should be legalized and taxed. We agree with one half of that proposition, and Governor Schwarzenegger has pronounced himself ready for a debate on it. The governor has not been moved to this by any especial commitment to principle, but by the usual factor that moves and shakes those who move and shake in the state capitals: the hunger for revenue. Continue reading
Declined
Posted in cartoons
Tagged arnold schwarzenegger, california, deficit spending, taxes
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California Reckoning
Californians head to the polls Tuesday to decide the fate of six ballot initiatives, all of which are ostensibly designed to combat the Golden State’s budget crisis. If the polls are right, all but one of these measures will crash and burn — and by wide margins. A reckoning for liberal tax and spend governance may finally be arriving. Continue reading
Posted in economics
Tagged california, deficit spending, democrats, labor unions, taxes
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