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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (96745)4/21/2009 2:13:33 AM
From: Skeeter Bug  Read Replies (1) of 116555
 
for the record, prop 1A isn't a spending cap. it ties spending to tax revenues, so they can spend all they want as long as they can increase taxes to cover the spending.

and they love them some tax increases in CA government.

they won't be happy until they are #1 in the nation in every single tax category.
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