Dummazz California Democrats thought they could hammer “the rich” by convincing voters to pass Proposition 30 to create the highest state income tax in the nation. You know, tax the eeeeeeviiillllllllll rich to remedy our spending pathology. Passage of Prop 30 set off euphoria and expectations of higher spending for public employees. State bureaucrats immediately ramped up deficit spending far beyond the state's new $6 billion annual tax increase, with the Departments of Health Services and Developmental Services increasing this month’s spending by over $1 billion versus last year.
Like just-paid sailors in the liquor and wh0re emporium on a weekend pass. F@%# the needs of the wife and kids back home.
The problem? Same as it always is. Puzzled California State Controller John Chiang has announced that total state revenue for the month of November 2012 ... FELL $806.8 million, or 10.8%, below budget. Of course, moe-rons. As usual, many of the higher income earners have moved themselves, their businesses and the associated jobs to more employer-friendly locations like Texas or Nevada.
Chiang said that the fact of now plummeting revenues "will require the State to exercise care and discipline in how its fiscal affairs are managed in the coming year."
Care?... Discipline?.... Managed?.... in California........