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Wednesday, May 20, 2009

Kalifornia Kanary

Conventional wisdom says that whatever happens in California economically, happens to the rest of the country a few years later. They are having buyers remorse with the socialism they have been purchasing for the last 30 years. To show they are tired of rewarding failure, and rampant government spending they voted down the most recent tax increases

An angry electorate soundly defeated a slate of special election budget measures Tuesday, a decision that left Gov. Arnold Schwarzenegger and state lawmakers holding virtually nothing but a scalpel to deal with California's $21.3 billion shortfall.


The reason this election was called was that the politicians in Sacramento thought that it was business as usual and they could just pile it on the back of the California tax payer, but they showed them.

Schwarzenegger and lawmakers called the special election in February as part of a plan to solve a $42 billion deficit that had been projected through mid-2010. '

They asked California voters consider a complex mix of spending reforms, higher taxes, borrowing and funding shifts.

Most of the measures were losing by wide margins, with at least 60 percent of voters rejecting them, according to partial returns.


They did, however, pass one resolution;

Voters approved just one of the six propositions, a measure prohibiting pay raises for lawmakers and other state elected officials during deficit years.


They will probably go crying to Obama, who then will foist the irresponsible spending of Sacramento onto the rest of the country, instead of making big cuts. We will see, just remember, I said it here.

2 Comments:

Anonymous Anonymous said...

So just like Business, why can't they take manadatory company-wide pay CUTS when there's a deficit? Isn't that what most of those big bad businesses do?

17:04  
Blogger Jar(egg)head said...

They shouldn't be paid a salary at all. Per diem, transport, and an apartment should be the extent of their compensation. The original "logic" behind paying politicians a high salary is that it would make them less susceptible to corruption.

Yeah. We can see how well that worked out.

08:43  

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