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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Karen Lawrence who wrote (348898)1/28/2003 12:25:47 PM
From: d.taggart  Read Replies (2) | Respond to of 769667
 
Karen that idiot running california was gifted a 17% hike in revenues paid to the state,,,,,,,,,,, well like so many pols he jumped spending also, but at a 38% level it does not take a genius to see the error there,,,,,,,lol I hope they raise every tax california collects by at least 50%.............love to here them libs talk about how it is their duty to fund government as gov. sees fit.



To: Karen Lawrence who wrote (348898)1/28/2003 7:52:11 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 769667
 
I'd like to know how they came up with that figure of 35 billion and where the heck they had expected to get it and where it has gone.
The number seems to vary from $21B to 38B depending on who's talking and what assumptions they want to make about spending cuts and the state's economy.

BUT Gray Davis, the guv, is the guy who's pushing the HIGHER estimates. The Repubs charge that is to justify larger tax increases to pay off the constituencies that vote for him.

They expected to get it because the bubble was not going to burst in 2000. Except it did.

It went into the same places it was going into before the economy collapsed. Except more so. As revenues fell, state spending and employment actually INCREASED.

It's not all dems, this was a group effort at ineptitude.
And turning that around, then Bush is not responsible for the lousy national economy. The bubble burst on Clinton's watch.

The only market continuing to do well in CA is real estate.
That will not hold if the state's economy continues going down the tubes.