California: Rigonomics, Labor Unions' Clout Worsening Our Debt
According to The Daily Pilot:
The state has an $8 billion hole in next year’s $141 billion budget, which does not include the $2 billion we overspent this past year.
The state needs to find an additional $10 billion just to balance the budget. Fixing budgets is very easy. All you have to do is increase your revenue or lower your expenses.
The Democratic legislators think the problem is a lack of taxes Californians pay.
The Republicans think it is overspending. Most of the problems occur when certain programs have an automatic 7.5% increase, yet the tax revenue only increases by 3%...click to continue
