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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (44104)	11/4/2005 4:01:58 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

The problem is the Propositions don't help. The basic problem in California is that the system is broken. Our representatives are forced to have a 60% majority on fiscal issues - but propositions only require a 50% plus 1 vote majority. So what happens? In California, voters pass all kinds of spending bills, and then cut their own taxes. Talk about FUBAR. Is the State government a representative system or not? Its not functioning as one. BTW, Prop 77 is a complete fraud.