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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (429365)	10/22/2008 8:23:11 PM
From: Tenchusatsu	Read Replies (2) \| Respond to of 1571417

Ted, > It can. There are several measures on the CA state ballot that involve spending taxpayer money, usually in the form of bonds for projects. The high-speed rail project is one of them. Supporters of said projects claim that it will create jobs here in California, which we so "desperately need." They claim no new taxes, even though it will drive this state much deeper into debt. Sooner or later, taxes will indeed have to be raised, since no one in Sacramento wants to cut spending or otherwise reduce government waste. Unfortunately, the higher taxes will indeed lead to a rise in unemployment. Will the "newly created jobs" from the projects offset it? The general rule of thumb is that they won't. On the other hand, I'm a big believer in mass transit, especially a high-speed rail between L.A. and S.F. Long-term, it's good for the state, especially the economy, but those benefits are very hard to measure. Tenchusatsu