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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (21110)	7/2/2009 2:31:38 AM
From: Skeeter Bug	Read Replies (3) \| Respond to of 71454

>>If people paid any of their other bills by having merchants ask customers to abide by a proposition allowing customers to decline to pay thier bills you would get the same response -- people would vote not to pay their bills. It is simply stupid. California is getting exactly what it asked for with Prop 13 -- financial ruin.<< like or dislike prop 13, it is absurd to argue prop 13 has led to CA's financial crisis. the problem IS NOT a lack of money. FOR 10 YEARS RUNNING, THE STATE GOVERNMENT HAS OUTSPENT POPULATION INCREASES AND INFLATION BY A WIDE MARGIN. that has NOTHING to do with prop 13 and THAT IS WHY CA IS IN A BIG HOLE. that and the fact that the rest of the united states extracts a net $40 to $50 billion in tax annual revenues from the state. prop 13 has its flaws, but destroying the finances of CA isn't one of them. the legislature and the governor did that ALL BY THEMSELVES.