Tuesday, February 17, 2009

Senators to be grounded until tax bill OKd:
"The budget agreement contains nearly $16 billion in cuts, $11 billion in borrowing and more than $14 billion worth of temporary tax increases that all but a few Republican lawmakers have criticized as the deal killer. But as the budget impasse hit day 103 on Monday, state finance officials said they would have to pull the plug on the public works projects that have been allowed to continue thus far. In December, state finance officials said the state's fiscal crisis was so dire that they needed to halt financing for 5,600 construction projects across the state. Then last month, they agreed to exempt 276 projects that were either too far along in construction or would cost the state too much to halt and restart later. Now, those projects would have to be halted as well, Genest said."

Okay, enough. California needs to amend the 2/3 majority rule for budget passage, and to eliminate propositions from impacting the budget directly. I don't like taxes either, but they are a necessary evil if you want an orderly, functioning society. And believe me, try making money in a chaotic, dysfunctional society and see what good it does you to have your precious low tax rate.

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