Sunday, February 15, 2009
FOR BALANCE
Now that we have praised Arnold, let us burn his ass and his party for what they are doing to my adopted State. Kevin Drum again. He is having a productive day.
We must remember that the beginning of the end of California's solvency was Arnold's promise, kept, to rescind the auto registration fees set during the Davis administration.
This was demagogued to the nth degree and, as a result, revenues plummeted. Then bad times hit. But we were having trouble meeting the bills when the fees were reduced.
The aversion to taxes here is insane. Perhaps it is my history living in "Taxachusetts" but I have never felt that the taxes here were onerous.
I sure think that the debt we now have is onerous.
This is the land of Prop 2 and a half where they can only increase real estate taxes by that percentage a year.
The building bubble saved their ass. But killed the economy. And also made it impossible for some people to keep their homes. Their taxes are on the high side of what they paid and the home value has plummeted. You can get relief but not nearly fast enough.
There is no revenue from a foreclosed property.
The whole thing is a terrible mess.
We will get some money from the stimulus package. After all, we have Nancy Pelosi on our side.
The GOoPers have totally fucked this state.
Labels: California
