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

To: Peter V who wrote (204301)	5/26/2009 3:41:58 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

California - A state in search of a leader Eli Broad and Peter Ueberroth know it's true: California has no one taking charge. latimes.com

To: Peter V who wrote (204301)	5/26/2009 3:47:43 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

1. updating the tax structure revenues aren't the problem. revenues have outpaced population growth and inflation. 2. ending the two-thirds majority rule again, revenues aren't the problem. 3. reigning in initiatives an assault on prop 13? again, revenues aren't the problem. 4. building a serious rainy day fund the legislature doesn't get payola for a rainy day fund, so they aren't really interested in this. prop 1b looted the alleged rainy day fund of $9 billion a year and gave it to the teacher's union. they can get paid off crap like that, so they like it. 5. and getting real oversight. what does this mean? it sounds good, just like all the TARP "oversight" we were promised. how about controlling spending and capping it at the growth rate of population and inflation? and no, they don't get to set the start point during the biggest bubble in the history of the planet. we'll start in 1995. they better start cutting.