California Lawmakers Idiots????
Current estimates for the California deficit is $17-20 Billion dollars. Revenues coming into the state are slowing every month making upward revisions likely.
The Governator's reducing 200K workers to minimum wage and firing over 10K saves only $1 Billion per month.
The democrates want to raise taxes by $8 Billion leaving about $10 Billion in deficit unfunded.
The republicans want to cut services by about $8 Billion leaving about $10 Billion in deficit unfunded.
Can anyone do math in California? If CA reduced wages, raised taxes, AND cut services as described above, after factoring the likely continued contraction in revenues....Calfornia would still be running a deficit!!!!!!!!!!!!!!
California's total budget is about $100 Billion.