muckdog says: What happens in CA, is that every few year we have a budget crisis that demands that taxes be hiked. Then the money isn't uses for one-time expenses. The money is used for new programs. The new programs grow at a rate faster than CPI plus economic growth. Thus, the state is soon in a "structural deficit." Politicians then raise taxes. Lather. Rinse. Repeat. And that's why the sales tax is now pushing 10-cents and the income taxes are rising to close to 10% for the middle class. Nevada, anyone? |
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