Tuesday, February 17, 2009

Does This Policy Lineup Sound Familiar?

Raising Taxes Won't Solve California's Budget Deficit - WSJ.com: "It's sad to watch. The Golden State -- which a decade ago was the booming technology capital of the world -- has been done in by two decades of chronic overspending, overregulating and a hyperprogressive tax code that exaggerates the impact on state revenues of economic boom and bust. Total state expenditures have grown to $145 billion in 2008 from $104 billion in 2003 and California now has the worst credit rating in the nation -- worse even than Louisiana's. It also has the nation's fourth highest unemployment rate of 9.3% (after Michigan, Rhode Island and South Carolina) and the second highest home foreclosure rate (after Nevada)."


California is the poster child for Big Government outcomes. The Democrats want to bring this to a federal government near you...

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