California – Now $21 Billion Dollars in the Hole

Keeping in theme with yesterday’s post, this is just a short and quick update on what is being reported today about our California budget.

The legislators in California who have consistently based future budget revenue projections on “best case” scenarios have once again fallen short of those projections to the tune of $21 Billion dollars.  That’s a 21 with nine zeroes, like this…$21,000,000,000.

In the Spring of 2009, California legislators assumed the economy would turn around, growth would return within a few months and all would be well.  Even then, a ridiculous assumption.  Less than one week after they passed a budget based on that precept, they were over budget again.  A couple months later, they made the same assumptions and immediately went over budget again

This is what led to the tax increases they rammed through on us in the spring, the second round of tax increases they tried to ram through in the summer but failed (thanks to voters shooting it down), and why they are now taking an additional 10% of our income by force (see yesterday’s post).

And here we are now, the year not even done yet and they are now $21 billion over budget…again.

Can you even begin to imagine what our lawyers…err…I mean leaders in our California government are going to try to do to us now…with $21 billion coming due?

This would be a good time to watch an entertaining video on what $1 billion dollars looks like in terms we can relate to….



Categories: Government Failures

Tags: , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Our Town Tustin

Blogging political discourse in Tustin, CA

Watchdogs of Our Freedom

WOOF! Counter-revolutionary commentary for our times.

The Grey Enigma

Help is not coming. Neither is permisson. - https://twitter.com/Grey_Enigma

Atridim News Journal

Captain Rick reports quality news of local and global importance

Desert Musings

A REALISTIC look at the world through the eyes of a sane person

Watching A Wreck

America Has Jumped the Track

99% Boston

"we shall be as a city upon a hill"

zalainacarp's Blog

A fine WordPress.com site

GIOSON.75

ÂM NHẠC LÀ SỨC SỐNG CỦA MỌI TÂM HỒN

Shop Mỹ Phẩm - Nước Hoa

Số 7, Lê Văn Thịnh,Bình Trưng Đông,Quận 2,HCM,Việt Nam.

Yes or No on Measure K?

An objective exercise in seeking the facts.

Utopia - you are standing in it!

Celebrating the flourishing of humanity through the spread of capitalism and the rule of law

Notes On Liberty

Spontaneous thoughts on a humble creed

Arlin Report

COMMENTATOR FOR ALL.......SENIOR CITIZENS INFO

Lynette Noni

Embrace The Wonder

Professional Troublemaker

 Jonathan Corbett, Civil Rights Advocate

Dan from Squirrel Hill's Blog

Just another WordPress.com weblog

A Time For Choosing

Just another WordPress.com weblog

the muttering retreat

"I went out walking.....with a bible and a gun" - Johnny Cash

%d bloggers like this: