
California Does Deserve a Stimulus
Speaker Bass wrote a column in the Sacramento Bee today calling for a "stimulus package" for California. Her solution? Give the state more federal welfare. Since the state’s financial problems have been caused by overspending, poor fiscal management of the tax dollars entrusted to them, and a complete lack of self control, you would expect the President and Congress to say no to this outlandish demand. However, since neither the President nor Congress have said no to the completely self indulgent behavior of the private sector, the Speaker’s request might actually be considered.
The Speaker claims that the state has "cut" spending by $15 billion. Only in budget la-la land doublespeak can one claim that a $2 billion increase in spending is a $15 billion cut. The fact is this problem was caused by overspending and will only be solved by real spending reductions. Not reductions to the baseline, not reductions on projected spending increases, not "we want to spend $120 billion, but we only have enough revenue to justify $105 billion so we have to cut $15 billion in… Read More