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

To: Jim McMannis who wrote (203726)	5/22/2009 2:12:20 PM
From: NOW	Read Replies (2) \| Respond to of 306849

Gingrich is certain that the popular defeat of various revenue and spending proposals via ballot measure indicates that a "62 percent-plus majority in California [is] in favor of smaller government and lower taxes." This is not exactly true. It would be more accurate to say that a majority of Californians do not understand that revenue must be sufficient to cover expenditure, and that their failure to accede to the tax structures necessary to fund the services that they themselves demand of their state government is less a matter of "rebellion" than it is mere incomprehension. Discerning principles from ballot measures, especially when those principles bear uncanny resemblance to the pre-existing slogans of major political parties, is a fool's game. Watch the popularity of the California governor and legislature as they begin cutting police and fire, pension plans and school years. They people of California don't want smaller government; they want bigger and better government, but on a better payment plan. Interest only, that sort of thing. Money for nothing, chicks for free.