The California Legislature’s budget analyst says the recession has created another $8 billion hole in the state’s budget just weeks after the end of a bruising fight to close a $42 billion gap through June 2010.I think we should raise taxes on the richest 2% of the population.
Saturday, March 14, 2009
Brother, can you Spare $8B?
After a wondrous budget compromise, California is at it again.
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3 comments:
Did I catch that correctly:
They budgeted roughly 97 bn $ in projected revenues a few weeks ago, and all of a sudden, 8 bn $ (i.e. 8 %) of those revenues are no longer considered realistic?
Pathetic.
Best line, from a discussion at Little Green Footballs - Whadda they think they have - the American Express Black Hole Card?
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Awesome.
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